XTransfer Wins Best Cash Management Solution Award

The Asset Triple A Treasurise Awards, organized by The Asset magazine, are prestigious accolades that celebrate outstanding achievements in corporate treasury management, trade finance, supply chain, and risk management across various regions. XTransfer, a leading B2B cross-border trade payment platform, was recently honored with the 'Best Cash Management Solution' award for its innovative approach to cash management.

XTransfer's award-winning solution supports Thai baht and Indonesia rupiah operating accounts and streamlines FX processes through API integration. This recognition highlights the successful collaboration between XTransfer and Deutsche Bank in introducing cutting-edge cash and FX workflow solutions in the Asia Pacific region.

In addition to this achievement, XTransfer's pioneering Non-Resident Qualified Company (NRQC) pilot project in Thailand has set a new industry standard. The partnership with Deutsche Bank aims to provide a comprehensive solution for businesses in the region, emphasizing XTransfer's commitment to empowering SMEs with secure and efficient foreign trade payment solutions.

Established in 2017 and headquartered in Shanghai, XTransfer has rapidly expanded its global presence with branches in key locations worldwide. With local payment licenses in multiple countries, XTransfer serves over 450,000 enterprise clients and has established itself as a prominent player in the industry.

By leveraging partnerships with multinational banks and financial institutions, XTransfer has developed a robust global multi-currency clearing network and advanced anti-money laundering risk control infrastructure tailored for SMEs. Through its technology-driven solutions, XTransfer facilitates cross-border financial services for SMEs, bridging the gap between small businesses and large financial institutions.

Having achieved unicorn status after its Series D financing in September 2021, XTransfer continues to attract a diverse group of international investors. The company's dedication to empowering SMEs with seamless cross-border payment solutions solidifies its position as an industry leader, driving innovation and efficiency in the financial sector.