XTransfer

Xiamen – September 18, 2026 -- XTransfer, a global B2B cross-border trade payment platform, signed strategic cooperation agreements with China ZheShang Bank (CZ Bank) and Industrial Bank Co., Ltd. (CIB) at the 26th China International Fair for Investment and Trade (CIFIT) in Xiamen, targeting minor-currency collection in emerging markets and RMB conversion services for foreign trade firms.

CIPS launches first cross-border bank-enterprise zone with over 70 banks at CIFIT

The agreements were signed inside a newly established cross-border bank-enterprise cooperation zone set up by CIPS at this year's fair, hosted by China's Ministry of Commerce. More than 70 Chinese and foreign banks showcased cross-border RMB services in the zone, with XTransfer signing its deals there to align with national-level financial infrastructure.

Dubai, UAE – September 07, 2026 -- XTransfer has secured in-principle approval for a Retail Payment Services Licence from the Central Bank of the UAE, a move that will let the B2B cross-border payment platform serve mainland UAE clients once pre-issuance conditions are met.

Regulator clears path for mainland UAE trade payments

The licence extends XTransfer's regulated payment services into the UAE, positioning the company to support businesses engaged in international trade with compliant, secure cross-border transaction tools once formal issuance is complete.

UAE approval anchors China-Middle East-Africa trade corridor

The UAE serves as a major regional trade and re-export hub connecting Chinese commerce with Africa and other emerging markets. XTransfer said the licence strengthens its capacity to support trade flows between China, the Middle East and Africa with more accessible cross-border payment infrastructure.