XTransfer

XTransfer serves B2B international trade with collection accounts, currency conversion, supplier payments and withdrawal of funds. The company was founded in 2017, and its listed legal entity is a Singapore company that holds a Monetary Authority of Singapore licence.

Licensing

According to the official announcement, the entity obtained a Major Payment Institution licence from MAS on 1 January 2025. The group also reports a Dutch EMI authorisation from May 2025. Licences and the right to open an account depend on the particular regional legal entity, so a company should confirm which entity will serve it.

Services

The listed services are local and global collection accounts, FX, B2B payouts and Pay to China. Collection accounts let exporters receive buyer payments in local details, FX converts the funds, and payouts allow paying suppliers. The Pay to China service is aimed at paying counterparties in China.

Who it suits

The offering is for companies in cross-border trade, such as exporters and importers who settle with overseas buyers and suppliers. The site states global coverage, but the actual availability depends on the entity and the customer's country.

What to confirm

Fees, limits, supported currencies and onboarding documents are not given in the published description and should be requested from the company.