XTransfer and OCBC Win Regional Best Payments and Collections Solution

Honoured at The Asset Triple A Treasurise Awards 2026 for the second consecutive year

HONG KONG, June 24, 2026 /PRNewswire/ -- XTransfer, the World's Leading B2B Cross-Border Trade Payment Platform, today announced that, together with OCBC, it has been awarded "Best Payments and Collections Solution, Regional" at The Asset Triple A Treasurise Awards 2026 for the second consecutive year. The award recognises the two organisations' continued innovation and close collaboration in delivering efficient, secure, and convenient cross-border payment and collection solutions that empower SMEs engaged in international trade.

Founded in Singapore, OCBC Group is the second-largest financial services group in Southeast Asia. Building on a long-term partnership, OCBC's China team continues to coordinate resources across the OCBC Group's key markets, Singapore, Hong Kong SAR, Malaysia and Indonesia, to support XTransfer's expanding cross-border business needs.

Through OCBC's capabilities in payments and collections, and technology-enabled solutions including API-based integration, XTransfer helps SMEs and their global buyers access more streamlined payment and collection experiences, improving settlement efficiency and supporting sustainable growth across Greater China and ASEAN.

Bill Deng, Founder and CEO of XTransfer, said, "We are honoured to receive this award again together with OCBC. This recognition affirms our shared commitment to continuous innovation and service excellence and reflects the tangible value our collaboration brings to SMEs worldwide. Moving forward, XTransfer will continue to deepen cooperation with OCBC to help more SMEs expand into global markets with secure, efficient, and convenient cross-border payment and collection services."

The Asset Triple A Treasurise Awards, organised by The Asset magazine, are widely recognised in the financial industry and celebrate outstanding achievements and best practices in corporate treasury management, trade finance, supply chain, and risk management across Asia Pacific, the Middle East, Europe, and North America.

About XTransfer

XTransfer, the world's largest B2B cross-border trade payment platform with over US$60 billion TPV in 2025, according to CIC. Founded in 2017 as one of the first payment platforms worldwide dedicated to B2B cross-border trade, we serve the largest customer base of over 890,000 registered SMEs globally.

We connect top-tier financial institutions directly to SMEs, the backbone of global trade, giving businesses of every size access to the same secure, compliant and seamless payment infrastructure once reserved for multinationals. As of March 31, 2026, we provide payment services across more than 200 countries and regions through partnerships with financial institutions, including some of the most established international banks around the world.

XTransfer has obtained required licenses in major hubs, including the Chinese Mainland, Hong Kong, the United Kingdom, the United States, Singapore, the Netherlands, Australia and Canada.

For more information, please visit: https://www.xtransfer.com

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XTransfer and OCBC Win Regional Best Payments and Collections Solution

CHANGSHA, China, June 24, 2026 /PRNewswire/ -- Zoomlion Heavy Industry Science & Technology Co., Ltd. ("Zoomlion") developed a 21-ton crawler hydraulic excavator for the extreme heat, dusty conditions and prolonged breaker operations common in the Middle East. Developed by a team led by Wu Baoshuo, deputy director of the Medium and Large Excavator Research Institute at Zoomlion Earthmoving Machinery Company, the excavator received an Outstanding Flagship Product Award at the company's Seventh Science and Technology Innovation Conference.

Designed for the Middle Eastern markets, the excavator is built for municipal construction, utility projects and mining operations, where temperatures can exceed 50 degrees Celsius and hydraulic breaker work may account for more than 70% of operating time.

"Customers in the Middle East do not simply need another excavator. They need one that can keep working," Wu said. "The conditions are very different from conventional earthmoving, so the machine has to be developed around the realities of the local jobsite."

Wu led the project from design and testing through optimization and mass production. One of the team's biggest challenges was controlling heat during prolonged breaker operations. The combination of continuous breaker work and extreme temperatures placed heavy demands on the cooling system.

The team redesigned the airflow layout and optimized the cooling core to improve heat dissipation. Engineers also strengthened key structural components and refined welds to reduce stress during repeated impact. To improve dust protection, they enhanced the air intake system and cab sealing.

The team tested each improvement at customer worksites in the Middle East, using sensors to collect data and completing thousands of breaker cycles to refine the design.

The project brought together teams across product development, testing, manufacturing, technical support and overseas operations, while Zoomlion's testing center at its headquarters supported three months of high-frequency breaker durability testing.

The development process required repeated testing and refinement. When an early cooling design needed further adjustment, the team used the data to adjust the system and move forward.

"Innovation always comes with lessons," Wu said. "The company's support gave us the confidence to keep solving tough engineering challenges."

For Wu and his team, the award recognizes years of customer-focused engineering. "It is an honor, but not the finish line," he said. "We will keep learning from the jobsite and building equipment customers can rely on."

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Zoomlion Engineer Shares the R&D Story Behind a Middle East Excavator Recognized at Seventh Technology Innovation Conference