XTransfer and SPD Bank Shanghai Branch Forge Strategic Partnership for Global Trade Solutions

Strategic Partnership Between XTransfer and SPD Bank Shanghai Branch

On September 17, 2025, during the XTransfer TradeVision Summit 2025 held in Guangzhou, XTransfer, recognized globally as the leading B2B cross-border trade payment platform, entered into a strategic partnership agreement with SPD Bank’s Shanghai Branch. This collaboration aims to enhance the ecosystem of cross-border foreign trade finance, thereby supporting small and medium-sized enterprises (SMEs) that are active in international markets.

The agreement was signed in the presence of prominent figures from both companies, including Bill Deng, CEO and Founder of XTransfer, and Zhang Xianfeng, Vice President of SPD Bank Shanghai Branch. This partnership is set to bolster the cooperation in essential areas such as local account management, multi-currency settlements, and compliance risk control, ensuring SMEs receive safer, more efficient, and user-friendly global collection and cash management services.

The Vision Behind the Partnership

As the globalization of trade accelerates, SMEs often encounter numerous challenges, particularly when accessing financial services that allow them to compete on equal footing with larger corporations. XTransfer aims to bridge this gap by leveraging advanced technology to better connect SMEs with large global financial institutions. With over 700,000 corporate clients across various sectors, XTransfer specializes in providing financial instruments tailored specifically for SMEs, including foreign trade payments and multi-currency cash management solutions.

Bill Deng expressed his excitement about this collaboration, stating, "We are thrilled to work closely with SPD Bank Shanghai Branch. Their extensive experience and robust resources in cross-border financial services align perfectly with our goal to enhance the financial infrastructure for SMEs engaged in foreign trade. Together, we can facilitate their sustainable growth in global markets."

Zhang Xianfeng echoed this sentiment, emphasizing SPD Bank’s commitment to supporting the international ambitions of Chinese enterprises. "Our collaboration with XTransfer aims to create local accounts that can connect globally, opening new pathways for foreign trade opportunities," he noted, underscoring the bank's commitment to enhancing its financial service system for SMEs.

Focused Objectives and Future Collaboration

Looking towards the future, both organizations will work intensively on various strategic goals, particularly to develop solutions that simplify local accounts, facilitate multi-currency trading, and create efficient risk control systems. This partnership marks a significant step toward redefining China's foreign trade financial ecosystem, enabling SMEs to enjoy financial services comparable to those offered to large multinationals.

Corporate partnerships like this are crucial as they provide SMEs the necessary support to thrive in a complex global marketplace. A combined approach that includes XTransfer’s innovative technology and SPD Bank’s reputable financial services is designed to minimize transaction costs and provide enhanced competitiveness for these enterprises as they navigate international trade.

About XTransfer

Founded in 2017, XTransfer is headquartered in Shanghai and has expanded its footprint with branches in countries such as the United States, United Kingdom, Canada, and Australia. The company has obtained multiple local payment licenses around the world to ensure compliance and security in its operations, significantly reducing the costs associated with global expansion for SMEs.

By establishing a unified global multi-currency clearing network and developing a sophisticated, data-driven anti-money laundering infrastructure, XTransfer aligns its services to cater specifically to SMEs, empowering them to access the same high-quality service levels typically reserved for larger global corporations.

As both companies look to the road ahead, this partnership not only signals a commitment to enhancing the capabilities of SMEs in foreign trade but also showcases the potential for innovation in the financial services sector, ultimately driving high-quality development in international trade.