From Asia to Latin America: XTransfer Opens São Paulo Office as Industry Leaders Gather to Celebrate a New Era in Trade Payment

SÃO PAULO--(BUSINESS WIRE)--May 15, 2026--

XTransfer, the world’s leading B2B cross-border trade payment platform, serving over 800,000 businesses across nearly 60 countries and regions, marked its official entry into Brazil with the opening of its São Paulo office. The ceremony, held at a landmark venue on Avenida Paulista, brought together representatives from trade associations, bilateral business organisations, and local entrepreneurs, highlighting the importance of expanding compliant trade payment infrastructure in Latin America’s largest economy.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260514272653/en/

Industry leaders and partners mark the milestone

The event drew senior guests from a range of organisations, including the Brazilian Association of Chinese-Invested Enterprises, the China Council for the Promotion of International Trade (CCPIT) Brazil Office, and LIDE CHINA, one of Brazil’s best-known business leadership networks. Local business leaders and community representatives also attended, reflecting strong support for XTransfer’s decision to build on-the-ground capabilities in Brazil.

Speakers pointed to the continued expansion of China–Brazil trade, noting that China remained Brazil’s largest trading partner in 2025 and that bilateral trade volumes reached record levels. As the corridor grows, attendees emphasised the increasing need for efficient, secure and compliant cross-border payment solutions and welcomed XTransfer’s arrival as a timely response to market demand.

Leon Deng, Co-CGO of XTransfer, delivered remarks via video from the company’s global headquarters, said, “Brazil is central to XTransfer’s Latin America strategy. We are committed to bringing the compliance expertise and technology built from serving over 800,000 clients worldwide to this vibrant and important market.”

A strategic expansion into Latin America

As Latin America’s largest economy and one of China’s most significant partners in the region, Brazil continues to see rising trade activity, driving demand for efficient and robust cross-border payment services. By establishing a physical presence in São Paulo, Brazil’s financial and commercial hub, XTransfer aims to better support trade businesses operating along this vital corridor, providing closer service, stronger local engagement, and enhanced compliance support.

About XTransfer

XTransfer, the world’s largest B2B cross-border trade payment platform with over US$60 billion TPV in 2025, according to CIC. In Latin America, XTransfer operates in partnership with local banks and financial institutions across Brazil, Chile, Colombia, Mexico, and Peru, to give SME buyers access to local payment networks, enabling them to pay their global suppliers using bank transfers, digital wallets, and instant payment methods such as Brazil’s Pix.

The ceremony marked XTransfer’s entry into Brazil.

KYIV, Ukraine (AP) — Ukrainian President Volodymyr Zelenskyy said Friday that a Russian missile attack on a Kyiv apartment building the previous day killed 24 people, including three children.

Emergency workers finished digging through the building’s rubble after more than a day, Zelenskyy said on X.

The cruise missile hit the nine-story corner block amid what the Ukrainian air force said Russia’s biggest barrage of the country since its all-out invasion.

The assault mostly targeted the Ukrainian capital, where 48 people were wounded, including two children, Zelenskyy said.

The Ukrainian capital observed an official day of mourning Friday in remembrance of those killed.

The cruise missile that hit the building was built in the second quarter of this year, Zelenskyy said, apparently after Ukrainian experts analyzed the wreckage.

“This means Russia is still importing the components, resources, and equipment necessary for missile production in circumvention of global sanctions,” Zelenskyy said in another post on X late Thursday

“Stopping Russia’s sanctions evasion schemes must be a genuine priority for all our partners,” he said.

Follow the AP’s coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine

Apartment interiors are seen in a damaged residential house following Russian missile attack in Kyiv, Ukraine, Thursday, May 14, 2026. (AP Photo/Efrem Lukatsky)

Rescue workers clear the rubble of a house heavily damaged after a Russian strike on a residential neighborhood in Kyiv, Ukraine, on Thursday, May 14, 2026. (AP Photo/Evgeniy Maloletka)