XTransfer Partners with Ouribank to Streamline Cross-Border Payments
SAO PAULO, March 13, 2025 /PRNewswire/ — XTransfer, the world-leading B2B Cross-Border Trade Payment Platform from China, and Ouribank, a prominent foreign exchange bank in Brazil, have joined forces in a strategic partnership. This collaboration aims to enhance cross-border payment efficiency for XTransfer’s clients, particularly benefiting Chinese and global traders with a significant presence in Latin America.
XTransfer’s dedication to providing secure, compliant, and cost-effective cross-border payment solutions for foreign trade companies has solidified its position as the industry leader in China, serving over 600,000 enterprise clients. On the other hand, Ouribank’s four decades of experience in the foreign exchange market have established it as a pioneer in eFX technology, offering innovative solutions to clients in Brazil since 2019.
Through this partnership, XTransfer and Ouribank aim to optimize payment and foreign exchange services for global trade companies. By leveraging Ouribank’s infrastructure, XTransfer can now offer a wider range of local payment and fund collection options to its clients. This includes the ability for XTransfer account holders to receive payments in Brazilian Real (BRL) from Brazilian buyers, streamlining transactions and eliminating foreign exchange complexities.
The collaboration between XTransfer and Ouribank not only benefits traditional trade clients but also extends to major e-commerce platforms in Latin America. E-commerce clients can now receive payments from Brazil through XTransfer accounts, facilitating seamless fund transfers for Chinese clients to their domestic accounts.
China’s significant role as Brazil’s primary trading partner underscores the importance of efficient cross-border payment solutions. The partnership between XTransfer and Ouribank addresses common challenges faced by businesses engaging in international transactions, such as lengthy processing times, high costs, and exchange rate fluctuations.
Bill Deng, Founder and CEO of XTransfer, emphasized the significance of the partnership in expanding into the Brazilian and Latin American markets. He highlighted the transformative impact the collaboration would have on the trade experience for Latin American SMEs, paving the way for long-term success.
Bruno Luigi Foresti, Director of Ouribank, expressed confidence in the partnership’s ability to deliver value to markets across Latin America. He emphasized the Hub’s commitment to advancing payment technology and reducing friction in international transactions while upholding the institution’s tradition and expertise.
About XTransfer:
XTransfer is a leading B2B Cross-Border Trade Payment Platform dedicated to providing secure and cost-effective foreign trade payment solutions for small and medium-sized enterprises (SMEs). With a global presence and a focus on innovation, XTransfer has become the industry leader in China, serving over 600,000 enterprise clients.
About Ouribank:
With over 40 years of experience, Ouribank is a trusted partner for businesses looking to expand in Brazil. The institution’s commitment to transparency, integrity, and innovation has solidified its reputation as a leader in specialized foreign exchange services and digital financial products.
In conclusion, the partnership between XTransfer and Ouribank represents a significant step towards simplifying and enhancing cross-border trade transactions in Latin America. By leveraging each other’s strengths and expertise, the two institutions are poised to drive innovation and efficiency in the international payments landscape. As businesses continue to navigate the complexities of global trade, collaborations like this one offer tailored solutions to meet the evolving needs of the market. For more information, visit https://www.xtransfer.com/.
