<ul><li>China-based B2B cross-border trade payment platform, XTransfer, has been granted a Major Payment Institution (MPI) licence by the Monetary Authority of Singapore (MAS).</li><li>The licence allows XTransfer to offer services such as account issuance, domestic and cross-border money transfers, and e-money issuance in Singapore.</li><li>XTransfer plans to launch payment solutions tailored for small and medium-sized enterprises (SMEs) involved in international trade in Singapore, including easy account setup, flexible top-up options, efficient currency exchange services, and simplified cross-border fund collection and payment solutions.</li><li>XTransfer aims to enhance cross-border trade between SMEs by providing low-cost cross-border trade payment and fund collection solutions, facilitating trade exchanges between China and ASEAN.</li></ul>

XTransfer Secures MAS Licence, to Meet Demand for Cross-Border Payment Solutions in Singapore

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