#China #Guangzhou #Canton Fair #cross-border trade #XTransfer

XTransfer Unveils Innovative Solutions at the 137th Canton Fair

On April 18, 2025, the opening of the 137th Canton Fair marked a momentous occasion for XTransfer, the leading B2B cross-border trade payment platform in China and globally. This year, the fair has seen unprecedented participation, making it a hallmark for international trade.

XTransfer took this opportunity to introduce its revolutionary Local Currency Account solution. This initiative is designed to fundamentally transform global commerce, particularly with rapidly growing economies across Asia, Africa, and Latin America. The company aims to alleviate longstanding issues associated with traditional cross-border payment systems such as high fees, slow processing times, and risks of account freezes due to suspicious transactions.

With the Local Currency Account, XTransfer allows buyers to make payments in their local currencies through local clearing networks. This eliminates the need for intermediary banks, reduces costs, and accelerates fund clearance, often enabling same-day processing. Li Pengsen, President of the Hebei Ovison Industrial Group, shared her insight, stating, "As a small business trading with Africa, we faced significant hurdles when buyers couldn't send payments in USD through traditional banks. XTransfer’s local currency accounts have simplified the process for our African clients, allowing them to pay directly into our Chinese accounts securely and without the hassle of currency conversion issues."

Since the launch of its service in 2018, XTransfer has emerged as a pioneer in local collection solutions, now supporting over 30 global and local currencies in more than 200 countries and regions. This includes key emerging markets like Kenya, Nigeria, Brazil, Mexico, Indonesia, and the Philippines. Currently, XTransfer serves over 600,000 Chinese foreign trade businesses, cementing its position as the largest B2B cross-border financial platform in China by client volume.

Bill Deng, the founder and CEO of XTransfer, expressed the significance of this initiative, stating, "Trade with emerging markets presents immense growth opportunities, yet payment challenges often inhibit businesses. Our mission is to eliminate these barriers and make global commerce more inclusive, effective, and secure."

The Canton Fair continues to foster international cooperation and trade, while XTransfer remains at the forefront of digital financial innovation. By facilitating connections between Chinese exporters and buyers from emerging markets, XTransfer is paving the way for new growth opportunities in global trade.




With such innovative approaches, XTransfer is dedicated to reshaping the landscape of cross-border trade and supporting businesses in harnessing the untapped potential of emerging markets.