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

Business

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

Business

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

2026-09-16 16:02 Last Updated At:16:55

Opening X-Net to Banks with Diverse Cooperation Models

XIAMEN, China, Sept. 16, 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.

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

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

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

MARIETTA, Ga., Sept. 16, 2026 /PRNewswire/ -- To help drivers better understand different vehicle starting needs, ANCEL analyzed hundreds of Amazon customer reviews and identified  real-world starting challenges frequently mentioned by supercapacitor starter users, from long-term parking and parasitic drain to cold weather, frequent starts and different vehicle demands.

Vehicles That Sit

Collector cars, seasonal vehicles, campers and second cars may be left parked for weeks.

Extended inactivity can weaken batteries, making starting difficult. For these owners, the ANCEL super starter provides reliable starting support between drives.

Parasitic Battery Drain

Owners also mention parasitic battery drain from parking-mode dash cameras, aftermarket electronics or minor electrical faults.

Some owners reported replacing batteries multiple times without fully solving the problem. During troubleshooting, permanently installed ANCEL Super Starters provide additional starting support.

Cold-Weather Starting

Cold-weather starting is another common concern.

Low temperatures increase battery and starter load. Operating from -40°F to 176°F (-40°C to 80°C), the super starter helps provide reliable starting support in harsh conditions.

Frequent Starts & Daily Commutes

Short commutes and stop-and-go traffic prevent the battery from fully recharging, gradually reducing its capacity.

The BS Series absorbs peak cranking load on every start — even during dozens of daily restarts — helping the battery maintain charge when the alternator doesn't have time to fully replenish it.

Different Vehicles, Different Starting Needs

The BS Series includes three models designed for different starting requirements:

  • BS200(700A, Gasoline or diesel engines up to 3.0L/2.5T): Compact gasoline vehicles, passenger cars and recreational equipment.
  • BS300(1000A, Gasoline or diesel engines up to 3.5L/3.0T): Family SUVs, larger passenger vehicles and light trucks.
  • BS400 (1300A, Gasoline or diesel engines up to 6.0L/6.0T): Diesel pickups, heavy-duty trucks and larger equipment.

Beyond passenger vehicles, owners have also installed the super starters on UTVs, boats, tractors, backhoe loaders and other diesel-powered equipment.

Engine size provides a reference, while actual starting requirements should guide model selection.

Battery Monitoring for Smarter Maintenance

The companion app displays real-time voltage and starting data, helping some owners identify charging-system issues, including alternator problems, before visiting a repair shop.

"We hope these customer insights help drivers choose the right model based on their vehicles and driving habits," said an ANCEL representative.

Note: This article is based on publicly available Amazon customer reviews and summarizes selected real-world user experiences. Individual results may vary.

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

ANCEL Shares Customer Insights from Hundreds of Amazon Reviews, Highlighting Real-World Vehicle Starting Scenarios

ANCEL Shares Customer Insights from Hundreds of Amazon Reviews, Highlighting Real-World Vehicle Starting Scenarios

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