XTransfer’s Collections Surge in Asia, Africa, and Latin America: A New Era for Cross-Border Financial Solutions
HONG KONG, Oct 21, 2025 /PRNewswire/ — XTransfer, the world’s leading B2B cross-border financial solutions provider, announced at the 138th Canton Fair that from January to September 2025, 75.9% of the platform’s overseas collections originated from emerging markets in Asia, Africa, and Latin America. These markets have become the new frontier for foreign trade enterprises seeking global expansion, supported by robust international transaction platforms and enhanced payment infrastructures.
Emerging Markets Drive Growth in Global Payment Services
During the opening of the 138th Canton Fair, Bill Deng, Founder and CEO of XTransfer, spoke at the “Seminar on Enhancing the Level of Trade Digitalisation.” He highlighted the immense opportunities present in emerging regions, stating, “A survey of 700,000 SMEs on our platform revealed vast potential in Asia, Africa, and Latin America, with Africa standing out as the hottest emerging export market. Developing these markets is essential for China’s foreign trade growth. We are committed to building secure and reliable financial infrastructure, enabling companies worldwide to access seamless global payment services and expand with confidence.”
Bill emphasized the challenges faced by foreign trade firms in emerging markets: “While logistics and information flows are mature, the main hurdle remains capital movement. Weak financial infrastructure, unstable payment channels, and underground banking in developing countries make secure, compliant, and efficient fund repatriation crucial.”
XTransfer’s International Transaction Platform Facilitates Faster Payments
From January to September, XTransfer recorded impressive year-on-year growth in collections: Asia, Africa, and Latin America increased by 123.6%, with Africa alone surging 369.1%, Southeast Asia 102.2%, and Latin America 93%. These figures outpaced China’s customs export growth, demonstrating a strong need for secure cross-border payments.
To meet this demand, XTransfer introduced “Local Collection Accounts,” allowing exporters to open destination-country bank accounts. This innovation lets overseas buyers pay in local currency, streamlining transactions and reducing costs through the international transaction platform.
At the Canton Fair, Ms. Li from a Shenzhen-based trading company shared her experience: “Exports to Africa have skyrocketed, but payment delays and high fees were persistent issues due to intermediary banks. Using XTransfer’s local collection accounts, payments now arrive almost instantly, and fees have dropped, greatly improving our cash flow.”
Similarly, Mr. Liu from Xiamen noted, “The ability to quote prices in local currencies simplifies negotiations and accelerates deal closures. It also prevents payment delays and defaults caused by limited access to U.S. dollars.” Both clients praised the platform’s efficiency and speed in collections.
Expanding Coverage and Supporting Diverse Trade Partnerships
As China’s foreign trade diversifies, XTransfer serves over 700,000 corporate clients, with 47% located overseas. Its local collection accounts now cover Africa, Southeast Asia, Latin America, the Middle East, Europe, North America, Oceania, and South Korea—reaching 80% of global markets. This year, the platform expanded to include Mexico, Brazil, Ghana, South Africa, Turkey, and Egypt, reinforcing its position as a leading international transaction platform.
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