The world’s top and China’s top B2B cross-border trade payment platform, XTransfer, announced strategic alliance with top international money transfer provider TerraPay.
With the help of this new alliance, small and medium-sized businesses involved in international trade will be able to access safe, legal, quick, and affordable cross-border payment and fund collection solutions.
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In order to improve its service offerings, XTransfer will be able to take advantage of TerraPay’s global payments infrastructure through this partnership. This will allow its customers to settle payments in local currencies across 136 countries and regions, including emerging markets like Africa, Latin America, and Southeast Asia, as well as execute local payments on a global scale.
This agreement will greatly expand the range of payment options available to SMEs and play a key role in promoting cross-border trade.
Violas Xiao, Local CEO of Singapore at XTransfer, said, “This partnership is a significant milestone for XTransfer, as it greatly enhances our global payment capabilities. By leveraging TerraPay’s extensive global payments network, XTransfer has achieved significant cost savings and accelerated our market entry time, eliminating the need for local rebuilding efforts. This collaboration further exemplifies our dedication to empowering SMEs in their global expansion and enhancing global competitiveness through innovative trade payment solutions”.
This collaboration supports TerraPay’s objectives of expanding financial inclusion and pushing the envelope for multinational corporations, particularly in underserved countries.
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By working together with XTransfer, TerraPay is able to better serve a wide range of customers in different geographical areas and solidify its position as a major player in the global payments market.
About TerraPay
At TerraPay, the most important things about payments should be seamless, compliant, and borderless. Having been registered and regulated in thirty different global marketplaces, they are one of the top payment partners for financial institutions, banks, mobile wallets, and money transfer companies.
About XTransfer
XTransfer is a comprehensive financial and risk management solution provider dedicated to helping small and medium-sized traders make cross-border payments easy and affordable.
