XTransfer & EBANX to facilitate B2B Trade Payments in Latin America

By Gloria Mathias

XTransfer, China’s B2B cross-border trade payment platform, and EBANX, the payment platform in Latin America, Africa, and Asia, have announced a partnership aimed at streamlining B2B trade payments in Latin America.

This collaboration will empower XTransfer’s clients, small and medium-sized enterprises (SMEs) worldwide that work with imports and exports, to navigate LatAm’s digital economy with greater ease and efficiency.

Through this partnership, EBANX processes payments for XTransfer in five key Latin American markets: Brazil, Chile, Colombia, Mexico, and Peru. It does so with all necessary controls in a robust and secure platform, focusing on alternative payment methods (APMs) like electronic transfers and bank transfers, e-wallets, cash-based vouchers, and the Brazilian instant payment Pix.

This collaboration leverages EBANX’s expertise in local payment methods to provide XTransfer’s clients who sell to Latin America with seamless and efficient payment solutions. This enables businesses worldwide to engage in cross-border trade with confidence in the LatAm region.

“We are thrilled to partner with XTransfer, expand our footprint in the APAC region, and support them in their acceleration in Latin America,” said Wei Duan, VP of APAC at EBANX. “This partnership marks a significant milestone for both companies, and we are excited about the potential of the LatAm market for global digital merchants. Together, we can offer unparalleled payment solutions that cater to the unique needs of exporters and importers in this dynamic region.”

Alice Yao, Co-Founder and CRO of XTransfer, shared, “The Latin American market is crucial to our global expansion and growth plans. Partnering with a local payment’s institution like EBANX allows us to navigate the complexities of the region’s payment landscape with ease. EBANX’s deep understanding of local payment methods and their robust infrastructure will enable us to serve our clients better and drive growth in this key market.”

By cooperating with multinational banks like JP Morgan, Deutsche Bank, DBS Bank and payment institutions in emerging markets like EBANX, XTransfer has delivered secure and user-friendly cross-border financial services to SMEs on a global scale.