XTransfer and Bank of China have a strategic partnership for one year, deepening cooperation to serve global SMEs

Recently, XTransfer, a one-stop cross-border financial and risk control service company for foreign trade enterprises, and the Shenzhen Branch of Bank of China reached a one-year strategic cooperation. Since the signing of the strategic cooperation agreement in 2023, the two parties have worked together to carry out cross-border financial innovation cooperation, and the number of users has repeatedly set new records. On the occasion of the first anniversary, the two parties announced that they will continue to deepen their cooperation and will further provide all-round and convenient financial services to small and medium-sized foreign trade enterprises around the world, helping cross-border trade enterprises expand their business in the global market.

With the strong support of Bank of China, XTransfer successfully launched an innovative cross-border financial product - "Yi Qi Jie" last year. That is, XTransfer cooperates with Bank of China to provide foreign trade companies with compliant, convenient and secure cross-border collection services, helping foreign trade companies to conduct international trade more conveniently.

Since its launch, the "Easy to Get" product has won the support and trust of many small and medium-sized foreign trade enterprises with its excellent user experience. So far, tens of thousands of foreign trade enterprises have used the "Easy to Get" service .

Especially during this year's Spring Festival, XTransfer cooperated with Bank of China to fulfill its service commitment of "staying open during the Spring Festival", ensuring that foreign trade companies can enjoy uninterrupted cross-border collection and various foreign exchange settlement services during traditional holidays. This move has greatly improved the company's operational efficiency and capital liquidity .

As one of the results of the strategic cooperation, XTransfer recently won the title of "2023 Strategic Customer of Transaction Banking of Bank of China Shenzhen Branch", which is not only a recognition of XTransfer's professional capabilities in the field of cross-border finance, but also an affirmation of its contribution to promoting cross-border financial innovation and serving the real economy.

Today, as XTransfer expands its international business around the world, it has cooperated with many well-known Chinese banks in international business. As a strategic partner of XTransfer, Bank of China has provided strong support to XTransfer, helping it to provide services to small and medium-sized enterprises around the world. In addition, XTransfer and banks help each other in serving small and medium-sized enterprises around the world. Through the integration of the Internet and artificial intelligence technologies, XTransfer helps domestic banks to reach market areas that were previously difficult to reach, and jointly serve small and medium-sized enterprises at home and abroad. This cooperation model is in line with China's goal of accelerating the construction of a financial power, and is of great significance to promoting the global layout of China's payment and settlement infrastructure. It is equally important as China's overseas development strategy for commodities and infrastructure capabilities , and together help China's influence on the global economic stage continue to expand.

Deng Guobiao, founder and CEO of XTransfer, said: "We are honored to have reached an important strategic cooperation with Bank of China Shenzhen Branch. In the past year, we have witnessed the achievements made by both parties in the field of cross-border financial innovation cooperation. We look forward to further deepening our cooperation with Bank of China in the future and continuously launching more innovative financial products and services to help foreign trade companies better cope with the challenges of the global market."

In the future, XTransfer and Bank of China will continue to work together to provide more solid and convenient cross-border financial services to small and medium-sized cross-border trade companies around the world through the power of technology and innovative service models .

XTransfer