XTransfer Signs Agreements with CZ Bank and CIB at the 26th CIFIT in Xiamen

Opening X-Net to Banks with Diverse Cooperation Models

XIAMEN, China, Sept. 14, 2026 /PRNewswire/ -- The 26th China International Fair for Investment and Trade (CIFIT) was held in Xiamen last week. XTransfer, a leading global B2B cross-border trade payment platform, signed strategic cooperation agreements with China ZheShang Bank (CZ Bank) and Industrial Bank Co., Ltd. (CIB) during the event. The partnerships target key cross-border finance scenarios, including minor-currency collection in emerging markets and RMB conversion and withdrawal, using fintech to help foreign trade companies overcome FX settlement and remittance difficulties.

Hosted by China's Ministry of Commerce, this year's CIFIT saw CIPS establish a cross-border bank–enterprise cooperation zone for the first time, bringing together over 70 Chinese and foreign banks to showcase cross-border RMB services. XTransfer is signing agreements in the CIPS zone, underscoring its coordination with national-level financial infrastructure.

Bank Partnerships Address FX Pain Points

During the exhibition, XTransfer and CZ Bank jointly announced an all-currency settlement solution. Powered by XTransfer's X-Net global local-collection network, it helps CZ Bank's export clients collect payments in local currencies across global markets. The service focuses on Africa, the Middle East, and Latin America, addressing pain points such as local buyers being unable to pay in their own currency and long fund arrival times.

XTransfer and CIB also signed a strategic cooperation agreement to deepen collaboration in cross-border RMB clearing and minor-currency collection, improving the efficiency and coverage of RMB conversion and withdrawal. The service can handle the declaration of international receipts on behalf of foreign trade companies during the trade settlement process, convert funds, and credit them directly to onshore corporate accounts without affecting export tax rebates, significantly enhancing convenience for foreign trade firms.

Bill Deng, Founder and CEO of XTransfer, said, "The partnerships cover everything from collecting minor currencies in emerging markets to onshore RMB conversion and withdrawals, creating an end-to-end funding chain so that 'minor currencies' no longer become a major headache on the road to global expansion." He added, "XTransfer looks forward to working with more financial institution partners to integrate fintech with the real economy and support Chinese foreign trade companies' globalisation."

Opening X-Net to Banks with Diverse Cooperation Models

At CIFIT, XTransfer showcased its globally unified B2B cross-border trade settlement network and risk-control system, X-Net, presenting multiple cooperation models for financial institution partners.

For many years, banks have provided XTransfer with access to capabilities such as domestic collections, domestic payments, FX conversion, and cross-border compliance reporting. Today, banks can directly leverage X-Net's cross-border payment and local collection capabilities to serve their own customers, allowing the network capabilities built through long-term collaboration to benefit the banks' own businesses.

Specifically, to address the challenge faced by banks' exporter clients in collecting payments in emerging markets, XTransfer has launched a dedicated "Bank Minor-Currency Collection Solution", opening up the X-Net global local collection network to banks in China and worldwide. This helps export clients collect minor-currency payments from emerging markets and repatriate funds. 

Banks worldwide can also use X-Net to provide importers with fast, compliant payment services to China, supporting settlement in multiple currencies such as the U.S. dollar and the Chinese yuan, as well as helping local importer companies pay overseas suppliers in local currencies.

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XTransfer Signs Agreements with CZ Bank and CIB at the 26th CIFIT in Xiamen

XTransfer Signs Agreements with CZ Bank and CIB at the 26th CIFIT in Xiamen

JOHANNESBURG, Sept. 14, 2026 /PRNewswire/ -- XTransfer, the world's leading B2B cross-border trade payment platform, reinforced its commitment to serving SMEs across Africa through its first participation in Seamless Africa 2026, held 8–9 September. The debut reflects XTransfer's growing focus on enabling legitimate, secure cross-border trade that supports real-economy supply chains across the continent.

"Our debut at Seamless Africa reflects a clear focus: working more closely with African financial institutions to better serve SME trade," said Ray Ren, UK CEO at XTransfer. "By joining XTransfer's X-Net network, banks and payment partners can access services such as Pay to China, Pay to Global, and Local-Currency Collection, capabilities that help them support SME clients they were previously unable to serve effectively. Together, we can reduce cross-border payment friction, strengthen compliant trade flows, and enable more SMEs to participate confidently in Africa's real-economy supply chains."

XTransfer's participation comes as it continues to expand its footprint across Africa, helping SMEs engaged in international trade access a more unified payment experience. In many markets, SMEs still face friction when making and receiving trade payments, including complex processes and delays that can strain cash flow and disrupt supply chains. Where reliable options are limited, some businesses may feel pressured to rely on informal channels, creating avoidable compliance and transparency risks for the wider ecosystem.

To address these challenges, XTransfer works with international and local banks and financial institutions to strengthen payment infrastructure and facilitate compliant trade payments. In Africa, XTransfer partners with Flutterwave, a leading payments technology company, to support importers in Nigeria, Ghana, and South Africa to pay for goods conveniently in local currency, while helping Asian exporters receive reliable settlement, supporting smoother trade flows across key Africa–Asia corridors.

XTransfer's Seamless Africa debut also follows broader momentum across the Middle East and Africa. In September 2026, XTransfer announced it had secured in-principle approval for a Retail Payment Services Licence from the Central Bank of the UAE. Subject to completing pre-issuance conditions, the licence would enable XTransfer to expand regulated services in the UAE and support businesses engaged in international trade with compliant, secure, and efficient payment solutions, strengthening connectivity across Asia, the Middle East, and Africa.

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XTransfer Debuts at Seamless Africa 2026 Reinforcing Commitment to Africa's SME Trade