XTransfer, China's leading B2B cross-border trade payment platform, has partnered with SPD Bank Shanghai Branch to enhance global collection and cash management services for SMEs in foreign trade.
XTransfer, recognized as the world's leading and China's No.1 B2B cross-border trade payment platform, announced a strategic partnership with SPD Bank Shanghai Branch during the XTransfer TradeVision Summit 2025. This collaboration seeks to strengthen cooperation on critical areas such as local accounts, multi-currency settlement, and compliance risk control, delivering safer, more efficient, and convenient global collection and cash management services to small and medium-sized enterprises (SMEs) involved in foreign trade. By bridging businesses worldwide, the partnership addresses key challenges in cross-border finance, enabling SMEs to navigate international markets with greater ease and reduced costs.
SPD Bank Shanghai Branch has long championed open innovation and digital transformation, boasting robust capabilities in cross-border finance and a steadfast dedication to fostering the global expansion of foreign trade SMEs. XTransfer complements this with its specialization in B2B foreign trade finance, utilizing advanced technology to link major global financial institutions with SMEs through comprehensive solutions like payments, collections, multi-currency cash management, and intelligent risk control. To date, XTransfer has empowered over 700,000 corporate clients globally. The signing ceremony featured senior representatives, including Bill Deng, XTransfer Founder and CEO, and Zhang Xianfeng, Vice President of SPD Bank Shanghai Branch.
Bill Deng, Founder and CEO of XTransfer, stated, "We are excited to establish a comprehensive strategic partnership with SPD Bank Shanghai Branch. SPD Bank has significant experience and strong resources in cross-border financial services. By combining their expertise with XTransfer's innovative technology and global network, we aim to offer SMEs engaged in foreign trade a higher-quality financial infrastructure. This collaboration will support their steady growth in the global market." Zhang Xianfeng, Vice President of SPD Bank Shanghai Branch, stated, "SPD Bank will continue to collaborate closely with XTransfer, aiming to achieve the goal of 'local accounts that connect the globe and explore new opportunities in foreign trade'. We are committed to enhancing our cross-border financial service system, providing robust financial support for Chinese enterprises expanding globally, and working with all industry stakeholders to promote high-quality development in foreign trade."
Moving forward, the partners will deepen collaboration on local accounts, multi-currency settlement, and risk control system development, driving innovation to elevate China's foreign trade financial ecosystem. This initiative equips SMEs with cross-border services on par with those available to multinational corporations, fostering high-quality growth and global connectivity for Chinese enterprises.
This partnership underscores a commitment to empowering SMEs with cutting-edge financial tools, reducing expansion barriers, and promoting sustainable development in international trade.
XTransfer, the world-leading and China's No.1 B2B Cross-Border Trade Payment Platform, is dedicated to providing small and medium-sized enterprises (SMEs) with secure, compliant, fast, convenient and low-cost foreign trade payment and fund collection solutions, significantly reducing the cost of global expansion and enhancing global competitiveness. Founded in 2017, the company is headquartered in Shanghai and has branches in Hong Kong SAR, the United Kingdom, the Netherlands, the United States, Canada, Australia, Singapore, Vietnam, Thailand, Malaysia, the Philippines, the UAE, and Nigeria. XTransfer has obtained local payment licences in Mainland China, Hong Kong SAR, Singapore, the United Kingdom, the Netherlands, the United States, Canada, and Australia. To date, XTransfer serves over 700,000 enterprise clients worldwide.
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