XTransfer has partnered with TerraPay, a leading global payments infrastructure provider. This strategic collaboration will enable XTransfer to execute local payments worldwide and settle transactions in local currencies across 136 countries and regions. By leveraging TerraPay's extensive network, XTransfer aims to reduce costs, accelerate market entry, and empower small and medium-sized enterprises (SMEs) to expand globally.

XTransfer's partnership with TerraPay marks a significant milestone in its mission to simplify global trade payments. By integrating TerraPay's network, XTransfer will gain access to a vast payments infrastructure, enabling it to process transactions efficiently and securely. This collaboration will also enable XTransfer to expand its reach into emerging markets, fostering economic development and connectivity.TerraPay's network spans 31 global markets, enabling payments to 144+ receive countries, 210+ send countries, 7.5 billion bank accounts, and 2.1 billion mobile wallets. XTransfer's integration with TerraPay will provide SMEs with a seamless and efficient payment solution, allowing them to compete with larger corporations.

XTransfer has been rapidly expanding its global presence, securing payment licenses in the United States, Thailand, Pakistan, and Vietnam. Its partnership with TerraPay will further enhance its capabilities, enabling it to address the pain points encountered in cross-border transactions between China and the US. XTransfer has already executed its first onshore Thai Baht (THB) trade in Thailand, utilizing the latest Bank of Thailand's Non-Resident Qualified Company (NRQC) rules.The partnership between XTransfer and TerraPay demonstrates their commitment to empowering SMEs with innovative financial tools, driving global economic development, and connectivity. As the global trade landscape continues to evolve, collaborations like this will play a crucial role in shaping the future of international trade and finance.