Global B2B cross-border trade payment platform XTransfer has recently been granted payment licenses in three US states: Delaware, Florida, and Colorado.
“We are excited to achieve this milestone. Securing these licenses is a big step in our strategic global expansion, especially in North America. This means we can support even more secure, straight through, effective payment solutions for local customers, ” said Alice Yao, CRO and Co-Founder of XTransfer.
XTransfer’s global financial infrastructure and platform offers payment solutions for small and medium-sized enterprises (SMEs) engaged in international trade, providing them with secure, compliant, fast, and cost-effective cross-border local payment services. Obtaining regulatory approval in the United States underscores XTransfer’s commitment to providing robust cross-border financial and risk management services.”To better address the pain points encountered in cross-border transactions between China and US, our team will work towards expanding local collection services.” she added.
Browse more about Fintech Insights: Global Fintech Interview with Sadra Hosseini, CEO at Ryft
XTransfer is poised to broaden its payment license footprint and financial institutions partnership across the US and other strategic markets, especially in Europe, Middle East and South East Asia.
Actually, early in 2017, XTransfer began its collaboration with esteemed financial institutions like JP Morgan, Deutsche Bank, DBS and VISA etc. These collaborations have been instrumental in delivering secure and user-friendly cross-border financial services to SMEs on a global scale. These partnerships have laid a solid foundation for extending payment services to American businesses.
Also, XTransfer’s US launch is on the way, and in June, the company will participate in the prominent Expo Electrica in Mexico, signaling a proactive approach to expanding its presence in the Americas.
