Fintech
XTransfer and TerraPay offer cross-border payment solutions to global SMEs
By Gloria Mattia
Today
- News from APAC
- News from Asia
- Asia News Fintech
XTransfer, a B2B cross-border commercial payment platformannounced a strategic partnership with TerraPay, a global monetary movement agency.
This new alliance aims to revolutionize payment solutions for small and medium-sized businesses engaged in international trade by providing them with secure, compliant, fast and cost-effective services. cross-border payment and fundraising solutions.
Through this partnership, XTransfer will be able to leverage TerraPay’s global payments infrastructure to enhance its service offerings. This will enable its customers to make local payments globally and settle payments in local currencies in 136 countries and regions, including emerging markets such as Africa, Latin America and Southeast Asia. This partnership will be instrumental in encouraging cross-border trade, significantly expanding the spectrum of payment methods available to SMEs.
Violas Xiao, Singapore local CEO at XTransfer, said: “This partnership represents a significant milestone for XTransfer, significantly enhancing our global payments capabilities. By leveraging TerraPay’s extensive global payments network, XTransfer achieved significant cost savings and accelerated time to market, eliminating the need for local rebuild efforts. This collaboration further exemplifies our commitment to empowering SMEs in their global expansion and enhancing global competitiveness through innovative merchant payment solutions.”
Sukesh Malliah, Vice President of Asia Pacific at TerraPay, said: “We are excited to partner with XTransfer to improve cross-border payment solutions for SMEs globally. This partnership underlines our commitment to providing innovative and reliable financial solutions that promote efficiency and inclusiveness. Together, we aim to provide SMEs with the tools they need to succeed in the global marketplace, promoting economic development and connectivity in emerging markets.”
This partnership aligns with TerraPay’s goals of pushing the boundaries of global business and promoting financial inclusion, especially in inaccessible markets. By partnering with XTransfer, TerraPay strengthens its position in the global payments industry, enhancing its ability to serve a wide range of customers across various regions.