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XTransfer Partners with BBVA to Improve Cross-Border Payments
The agreement aims to ease settlement hurdles for SMEs, and XTransfer said Latin America collections on its platform rose 94% in 2025.
- XTransfer Founder and CEO Bill Deng and BBVA signed a Memorandum of Understanding at Money20/20 Europe 2026 in Amsterdam to deepen cross-border payment infrastructure across Latin America and Europe.
- Trade between China and Latin America has grown in recent years, with XTransfer reporting a 94% year-on-year rise in collections from the region, though SMEs still encounter major settlement hurdles including FX constraints and compliance complexity.
- The collaboration explores delivering integrated financial solutions spanning APIs, virtual accounts, and digital platforms to support automated, real-time transaction processing across Latin America, Europe, and Hong Kong SAR.
- Serving more than 897,000 SME clients worldwide, the partnership strengthens BBVA's global payments position while expanding XTransfer's X-Net network coverage in two critical regions for its client base.
- Ksenia Nekrasova, Global Sector Co-Head of TMT at BBVA, said the agreement anticipates client evolution, "strengthening our capabilities in the TMT space" to support international expansion with integrated, real-time solutions.
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AMSTERDAM--(BUSINESS WIRE)--June 4, 2026-
XTransfer Partners With BBVA, Advancing Cross-Border Payments Across Latin America and Europe
XTransfer, the world’s leading B2B cross-border trade payment platform, and BBVA, a global financial group, have signed a Memorandum of Understanding (MOU) during Money20/20 Europe 2026 in Amsterdam to deepen cross-border payment infrastructure across Latin America and Europe. Under the MOU, XTransfer and BBVA will combine their respective strengths to explore the delivery of integrated cross-border financial solutions, spanning FX conversion,…
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Total News Sources61
Leaning Left1Leaning Right1Center41Last UpdatedBias Distribution96% Center
Bias Distribution
- 96% of the sources are Center
96% Center
C 96%
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