SÃO PAULO--(BUSINESS WIRE)--Aug 12, 2025--
XTransfer, the World's Leading & China's No.1 B2B Cross-Border Trade Payment Platform, recently participated in Fórum E-Commerce Brasil 2025, the largest and most influential e-commerce summit in Brazil. The event brought together leading Latin American e-commerce platforms, including Mercado Libre, Amazon, and TikTok, among others. During the event, XTransfer announced its commitment to deepening its presence in Brazil and the Latin American market, partnering with local banks and financial institutions to provide secure, convenient, and compliant cross-border payment solutions for SMEs in Brazil and across Latin America.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250812389917/en/
Currently, Brazil is the largest e-commerce market in Latin America. According to data from Latin American analytics platform PCMI, Brazil’s total e-commerce transaction volume exceeded USD 346 billion in 2024. The platform also forecasts that by 2027, over two-thirds of Brazilians will be online shoppers, and e-commerce transaction volume will reach USD 586 billion. The number of online shoppers in Brazil has surpassed 100 million, with cross-border shopping demand continuously growing, and more SMEs actively participating in international trade. The overall e-commerce market in Latin America is also experiencing rapid development, showing enormous potential.
XTransfer’s Leader in Brazil Office stated at the forum, “The e-commerce development in Brazil and Latin America is booming, and consumers’ demand for cross-border payments and local collection is increasing. XTransfer is working closely with local banks and financial institutions in Brazil to provide SMEs with safe, compliant, and low-cost local payment and collection services, helping companies reduce international payment costs, improve operational efficiency, and seize global opportunities.”
Through XTransfer accounts, global foreign trade enterprises can directly receive payments from Brazilian buyers in Brazilian Real (BRL). Buyers in Brazil and across Latin America can use PIX (Brazil’s instant payment method) to pay suppliers in China and worldwide in BRL, eliminating the need for complex foreign exchange procedures and reducing intermediaries and exchange losses. In the future, XTransfer will continue to expand its cooperation network in the Latin American market, promote global trade facilitation, and empower more enterprises to go international.
XTransfer’s Leader in Brazil Office at the Forum.
BERLIN (AP) — Cologne's teenage star Said El Mala is staying at the club after a summer in which he was expected to leave.
The 19-year-old El Mala extended his contract to 2031 and was given the prestigious No. 10 jersey, the club announced late Thursday.
El Mala, who scored 13 goals and set up five more in the Bundesliga last season, had been expected to join league rival Borussia Dortmund, but the move broke down last week with Cologne demanding a transfer fee of around 50 million euros ($58.5 million) for the player.
“We’re delighted that Said is continuing his journey with FC,” Cologne managing director Thomas Kessler said. “He made tremendous progress last season, establishing himself as a key member of our Bundesliga squad and playing a vital role for the team through his performances and goals. It's understandable that this development attracted interest from other clubs.”
Leipzig was also reportedly interested in signing El Mala after his proposed move to Dortmund broke down.
“I feel a huge amount of trust and appreciation here. That’s why I’m staying – I want to have a great season with FC and our fans, and I’ll give it my all, not least because I know what it means to wear the No. 10,” said El Mala, who previously wore No. 13.
El Mala, whose father is Lebanese, has represented Germany at youth level but was omitted from Germany’s World Cup squad despite being called up for qualifiers by then coach Julian Nagelsmann. He remained an unused substitute against Luxembourg in November.
Cologne retired the No. 10 jersey after club favorite Lukas Podolski left for Arsenal in 2012, saying no other player would get the prestigious number while the former Germany forward was playing.
The club riled fans by giving it to the returning Patrick Helmes in 2015 though Podolski was still playing. Podolski ultimately ended his career this year, aged 41, after five years at Polish club Górnik Zabrze.
The No. 10 at Cologne is most strongly associated with Wolfgang Overath, who starred for the club from 1963 to 1977.
Other players to wear the No. 10 include Tony Woodcock, Stephan Engels, Pierre Littbarski, Horst Heldt, Olaf Janssen, Claus-Dieter Wollitz, Andriy Voronin, and Thomas Broich.
Cologne is offering to exchange any new jerseys that fans bought with El Mala’s No. 13 for the No. 10. The old jerseys are to be donated “to a charitable cause.”
Cologne on Friday also announced the return of Tunisia midfielder Ellyes Skhiri from Eintracht Frankfurt. The 31-year-old Skhiri will wear No. 6.
See AP’s full soccer coverage here
FILE - Cologne's Said El Mala celebrates after his team scored the 4th goal during the German Bundesliga soccer match between 1. FC Koeln and Hamburger SV in Cologne, Germany, Nov. 2, 2025. (AP Photo/Martin Meissner, File)
