# XTransfer global expansion of B2B payment services > Live situation record from CLSTR: https://clstr.news/situations/xtransfer-global-expansion-of-b2b-payment-services > Updated: 2026-09-14T07:40:00.000Z. Sources: 16. Developments: 2. XTransfer, a B2B cross-border trade payment platform, is expanding its global footprint to support small and medium-sized enterprises (SMEs). In Latin America, the company has opened a new office in Mexico City to facilitate B2B trade following a year of processing US$60 billion in total payment volume. This expansion occurs amid a landscape of rising digital fraud risks in the region, including AI-driven threats and significant security incidents in countries like Colombia and Brazil. In Africa, XTransfer is focusing on facilitating secure international trade flows through its X-Net network. During the Seamless Africa 2026 event in Johannesburg, the company highlighted its ability to provide financial institutions with tools such as ‘Pay to China’ and ‘Local-Currency Collection’. To further its reach, XTransfer is partnering with Flutterwave to assist importers in Nigeria, Ghana, and South Africa. ## Timeline ### 2026-09-14: XTransfer expands African SME trade services at Seamless Africa 2026 XTransfer debuted at Seamless Africa 2026, highlighting its commitment to improving cross-border payment infrastructure for African SMEs through partnerships and its X-Net network. 2 sources. https://clstr.news/cluster/xtransfer-expands-african-sme-trade-services-at-seamless-africa-2026 ### 2026-09-03: XTransfer expands to Mexico as digital payment fraud rises Latin American payment markets are expanding through B2B services like XTransfer, while simultaneously facing rising risks from AI-driven fraud and evolving regulatory requirements in Brazil. 14 sources. https://clstr.news/cluster/xtransfer-opens-mexico-city-office-to-support-cross-border-sme-trade --- Cite as: XTransfer global expansion of B2B payment services. CLSTR, https://clstr.news/situations/xtransfer-global-expansion-of-b2b-payment-services