XTransfer introduces Southeast Asian local collection solutions at CAEXPO

XTransfer, a global B2B cross-border trade payment platform, introduced integrated local collection solutions for Southeast Asia and RMB-denominated settlement at the 23rd China–ASEAN Expo (CAEXPO) in Nanning, Guangxi.

The initiative aims to assist foreign trading companies in overcoming cross-border payment and settlement obstacles. The move comes as China-ASEAN bilateral trade reached US$1.05 trillion in 2025, a 7.4% year-on-year increase. Between January and July 2026, bilateral trade rose 24.7% year-on-year to US$744.41 billion.

By providing local currency collection, the platform seeks to address common exporter challenges, such as the preference of ASEAN buyers for local currency payments and the high foreign exchange and cross-border costs associated with US dollar transactions. The solution covers the entire process from payment and collection to transaction settlement and fund repatriation to improve cash flow for businesses.