# XTransfer expansion of cross-border payment services

> Developing situation record from CLSTR: https://clstr.news/situations/xtransfer-expansion-of-cross-border-payment-services
> Updated: 2026-11-03T04:50:00.000Z. Sources: 3. Developments: 2.

XTransfer, a B2B cross-border trade payment platform, has expanded its financial service offerings to support international trade. In October 2026, the company introduced integrated local collection solutions for Southeast Asia and RMB-denominated settlement at the 23rd China–ASEAN Expo. This initiative was designed to help foreign trading companies manage cross-border payment obstacles and address the preference of ASEAN buyers for local currency payments.

Following this, in November 2026, XTransfer announced a partnership with Bank of China (Hong Kong) during Hong Kong FinTech Week. The collaboration aims to provide one-stop financial services, combining the bank’s expertise in RMB clearing and cross-border settlement with XTransfer’s B2B network and risk management systems to facilitate global collections, payments, and foreign exchange.

## Timeline

### 2026-11-03: Bank of China (Hong Kong) and XTransfer announce partnership

XTransfer and Bank of China (Hong Kong) have partnered to provide cross-border financial services, including global collections and foreign exchange, for international trade enterprises.

3 sources. https://clstr.news/cluster/bank-of-china-hong-kong-and-xtransfer-announce-partnership

### 2026-10-05: XTransfer introduces Southeast Asian local collection solutions at CAEXPO

XTransfer introduced Southeast Asian local collection and RMB settlement solutions at CAEXPO to facilitate growing China-ASEAN trade and reduce cross-border payment friction.

2 sources. https://clstr.news/cluster/xtransfer-introduces-southeast-asian-local-collection-solutions-at-caexpo

---
Cite as: XTransfer expansion of cross-border payment services. CLSTR, https://clstr.news/situations/xtransfer-expansion-of-cross-border-payment-services