XTransfer and Banking Circle Revolutionize Cross-Border Payments

A strategic partnership between XTransfer and Banking Circle is set to transform payment capabilities for importers and exporters in Europe and the Middle East. The collaboration aims to reduce costs and processing times for cross-border payments, benefiting Chinese suppliers with significant markets in these regions. XTransfer, the leading B2B cross-border trade payment platform, and Banking Circle, an innovative tech-driven payments bank, are committed to minimizing the costs associated with global trade payments. XTransfer focuses on providing SMEs with secure, compliant, fast, and cost-effective cross-border payment solutions, while Banking Circle has established a comprehensive local clearing network for major currencies and an effective FX engine supporting 24 currencies. Through the integration of Banking Circle's infrastructure, XTransfer can now offer its clients a broader array of local payment and fund collection options, expanding the range of currencies available for transactions. This partnership is expected to further enhance the convenience for businesses dealing with Chinese suppliers, allowing buyers in Europe and the Middle East to pay in a wider range of local currencies. The collaboration between XTransfer and Banking Circle represents a significant step forward in expanding into the European and Middle Eastern markets, promising to revolutionize the international trade landscape for businesses. By leveraging Banking Circle's accounts and payment rails, XTransfer can streamline the payment process for its clients, reducing costs and transaction times. XTransfer, with its dedication to providing secure, compliant, fast, and low-cost foreign trade payment solutions, has become the industry leader in China. The company's unified global multi-currency clearing network and intelligent anti-money laundering risk control infrastructure have enabled SMEs to access cross-border financial services on par with large multinational corporations. Banking Circle, as the Payments Bank for the new economy, is committed to building a local clearing network for all major currencies, delivering fast, low-cost payments with no hidden fees. Through bespoke, flexible, and scalable solutions, Banking Circle is enabling financial institutions to facilitate cross-border transactions in ways previously not possible. The strategic partnership between XTransfer and Banking Circle is poised to revolutionize cross-border payments, offering importers and exporters in Europe and the Middle East enhanced payment capabilities and reduced costs.