XTransfer Achieves EMI License from the Dutch Central Bank, Expanding European Presence

XTransfer Achieves EMI License from the Dutch Central Bank

On May 9, 2025, XTransfer, a leading B2B payment platform renowned for its cross-border trade services, announced a significant milestone. The Dutch Central Bank, known as De Nederlandsche Bank (DNB), has officially granted XTransfer a license as an Electronic Money Institution (EMI). This recognition underscores XTransfer’s commitment to compliance, security, and superior service, marking a notable advancement in its global strategy.

As one of the most trusted authorities in the European financial sector, the DNB’s endorsement enhances XTransfer’s credibility in local and international markets. The EMI license allows XTransfer to deliver localized financial services directly in the Netherlands, contributing to the efficient operations of local small and medium-sized enterprises (SMEs). The newly launched services include local accounts, cross-border settlements, and currency exchange, all tailored to meet the needs of Dutch SMEs.

The Importance of the Dutch Market

The Netherlands serves as a significant trading partner for China within the European Union, bolstered by the Rotterdam Port, which is Europe’s leading hub for international trade and logistics. XTransfer’s services are set to empower Dutch SMEs by providing quicker, more cost-effective cross-border payment solutions. This initiative not only aids these businesses in expanding their international presence but also strengthens the financial connections between the Netherlands and China, thereby fostering bilateral trade relations.

Bill Deng, the founder and CEO of XTransfer, highlighted this achievement, stating, "Receiving this license from the DNB is a crucial milestone in our global strategy. Previously, we had already secured authorization from the UK's Financial Conduct Authority (FCA) as an Authorized Payment Institution. From our base in the Netherlands, we aim to extend our services across all 30 countries in the European Economic Area (EEA). Our goal is to provide more SMEs with safe, efficient, and cost-effective cross-border payment solutions. Furthermore, we are exploring additional prospects in emerging markets, leveraging the Netherlands’ financial connectivity with regions such as Africa and the Middle East."

XTransfer's Global Expansion Strategy

Since its inception in 2017, XTransfer has established regulatory presences in key financial hubs like the USA, the UK, the Netherlands, Singapore, Canada, Australia, and Hong Kong RPC, catering to over 600,000 trading companies globally. The granting of the EMI license in the Netherlands adds another significant pillar to XTransfer’s international pursuit. Looking ahead, the company plans to expand its licensing footprint worldwide, focusing on enhancing services for SMEs engaged in cross-border trade.

This strategic move represents not just a growth opportunity for XTransfer but also reflects its broader commitment to bridging gaps in international trade finance. With the newly acquired EMI license, XTransfer aims to introduce more innovative financial solutions tailored to the unique requirements of SMEs operating in a dynamic global marketplace.

In conclusion, XTransfer's EMI licensing by the Dutch Central Bank signifies a promising leap in its mission to provide top-tier financial services and solidify its role as a key player in the global B2B payment landscape. This development sets a robust foundation for further advancements in financial connectivity across borders, making cross-border transactions more accessible and efficient for businesses around the world.