XTransfer has partnered with OCBC to determine a long-term collaboration that gives buying and selling firms, particularly SMEs, with compliant and environment friendly cross-border monetary options.

OCBC will help XTransfer’s enterprise growth in Larger China and ASEAN by providing a variety of company banking companies.

This consists of commerce finance, native and international foreign money loans, international trade, funds, collections, time deposits, and company web banking.

Each firms will even discover new product areas to drive innovation in cross-border companies and improve effectivity and buyer expertise for company purchasers.

Jason Solar, Co-founder and CFO of XTransfer, mentioned,

“Leveraging OCBC’s intensive community and built-in monetary capabilities in Larger China and ASEAN, along with XTransfer’s strengths in cross-border fund assortment and cost, compliance, and risk-control know-how, we are going to collectively construct a safe, compliant, clear, and environment friendly one-stop cross-border built-in monetary service system.

This can assist international commerce enterprises cut back prices and improve effectivity, safeguard transaction safety, and enhance capital turnover, thereby additional selling high-quality growth of regional commerce and funding.”

Seth Tan, Managing Director & Head of Company Banking of OCBC China, mentioned,

“As XTransfer’s international account supervisor group, OCBC China actively integrates the Group’s wealthy sources throughout markets and, counting on the group’s superior know-how and techniques, facilitates cross-border collaboration to open accounts for purchasers in areas equivalent to Singapore and Hong Kong SAR.

Working hand-in-hand with groups throughout areas, we’ve got tailor-made a basket of API-based monetary options for XTransfer, empowering it to supply prospects with extra environment friendly and handy cost companies and a extra diversified vary of assortment choices.”

The partnership comes amid deepening commerce relations between the 2 cities.

Within the first half of 2025, bilateral commerce between Shanghai and Singapore grew 5.4% yr on yr.

As of June, Singapore had invested in over 6,800 initiatives in Shanghai valued at greater than US$27 billion, whereas Shanghai firms have launched greater than 600 initiatives in Singapore with a mixed funding of about US$8.5 billion.

Featured picture: Seth Tan, Managing Director & Head of Company Banking of OCBC China (second from proper) and Jason Solar, Co-founder and CFO of XTransfer (first from proper), signed an MOU