XTransfer Strengthens Global Infrastructure to Help SMEs Collect Payments Globally Faster and at Lower Cost

XTransfer, the world’s No.1 B2B cross-border trade payment platform by 2025 TPV, continues to strengthen its global collection infrastructure, enabling small and medium-sized enterprises (SMEs) to receive international payments in major currencies with greater speed, lower cost, and stronger compliance. As global trade expands rapidly, SMEs face persistent challenges in cross-border payment collection due to high fees, slow processing times, and complex regulatory requirements. XTransfer’s mature global collection solution is purpose-built to address these pain points.

“You have multiple intermediaries involved in the process: banks, correspondent banks, and clearing systems, all adding layers of friction. For SMEs, this becomes even more challenging because they don’t have the same level of resources or bargaining power as large corporations. As a result, delays happen, costs increase, and transparency is often lacking. We decided there needs to be a new platform between the sender and the receiver to make money movement easier, simpler, faster, and cheaper.”

Bill Deng Founder and CEO, XTransfer

What Does It Mean to Collect Payments Globally?

SMEs collect payments globally by opening a Global Collection Account that receives major currency payments from international buyers in over 200 countries. This eliminates the need for offshore banking entities and bypasses the delays and costs of the SWIFT correspondent network.

For example, an exporter in Shanghai can provide their XTransfer Global Collection Account details to buyers in the United States, Europe, or Australia, and receive USD, EUR, or AUD payments efficiently and at competitive cost. This eliminates the need for complex offshore banking arrangements and significantly reduces the time and cost associated with international fund receipt.

Compared with traditional SWIFT transfers, global collection through XTransfer reduces settlement time and intermediary fees — making cross-border payment collection accessible to businesses of all sizes.

How Does XTransfer Enable SMEs to Collect Payments Globally?

XTransfer enables global payment collection through three core capabilities:

• Multi-Currency Account：XTransfer provides a Global Collection Account supporting major global currencies. International buyers send payments in their preferred major currency; funds are received directly into the exporter’s account without unnecessary intermediaries.
• Integrated Foreign Exchange：Once funds are received, XTransfer offers 24/7 access to competitive exchange rates across major and exotic currency pairs. SMEs can convert received funds efficiently and manage FX exposure with flexibility.
• AI-Powered Compliance：XTransfer’s AI-driven AML infrastructure covers KYC onboarding, transaction monitoring, and automated analysis. This system ensures every global collection transaction meets international compliance standards.

Why Are Traditional Methods Failing SMEs in Global Collection?

Traditional methods fail SMEs in global collection because SWIFT correspondent banking adds multiple intermediaries, unpredictable fees, and multi-day delays to every international payment received.

SWIFT transfers typically involve multiple intermediary banks. Each intermediary charges a fee and introduces processing time, making the total cost and settlement timeline of international B2B payments unpredictable. For SMEs, these structural inefficiencies are compounded by high onboarding barriers: traditional banks often require offshore entities, substantial deposits, and lengthy approval processes before an account can be opened to receive international payments.

General-purpose payment platforms are not designed for the documentation complexity of B2B trade, frequently resulting in account freezes or compliance-related delays. XTransfer addresses these challenges directly by providing a trade-specific global collection infrastructure that combines institutional-grade clearing networks with automated compliance — enabling SMEs to receive international payments reliably and cost-effectively.

What is the Scale of XTransfer’s Global Collection Network?

XTransfer’s global collection network covers 200+ countries and regions, supports major global currencies, and is backed by partnerships with more than 170 global financial institutions.

Is It Safe to Collect Payments Globally with XTransfer?

XTransfer is regulated in 8 jurisdictions and employs a proprietary AI risk engine to ensure every global collection transaction meets international AML and compliance standards.

Chinese Mainland：Payment Business Permit

Hong Kong SAR：MSO

Singapore：MPI

United Kingdom：API

Netherlands：EMI

United States：MSB

Canada：MSB

Australia：RSP

XTransfer’s three-layer AI risk engine integrates data collection, algorithmic detection, and expert adjudication to monitor all international payment collection transactions continuously. Businesses can receive payments in multiple currencies without falling foul of AML or sanctions screening requirements.

The Future of B2B Cross-Border Payments

The ability to collect payments globally will remain a critical competitive advantage for SMEs as international trade continues to grow. Financial technology is democratizing access to institutional-grade global payment collection infrastructure. AI, RegTech, and expanded clearing networks are converging to make cross-border payment collection faster, cheaper, and more transparent. For SMEs, this means lower transaction costs, faster settlement, and reduced administrative burden — enabling businesses of all sizes to compete in international markets on equal terms with large corporations.

Frequently Asked Questions

What is the easiest way for SMEs to collect payments globally?

SMEs can collect payments globally most efficiently by using a specialized B2B platform like XTransfer that provides a multi-currency receiving account. International buyers send payments in major currencies directly to the exporter’s Global Collection Account, bypassing the complexity and cost of traditional correspondent banking.

How can I receive international payments without high SWIFT fees?

XTransfer’s global collection infrastructure routes international B2B payments through its own clearing network rather than the SWIFT correspondent system. This significantly reduces or eliminates intermediary bank charges on incoming cross-border payments.

How does XTransfer compare to Wise for global payment collection?

XTransfer is purpose-built for B2B trade enterprises. Unlike general platforms, it offers trade-specific compliance infrastructure, integrated FX management, and a global collection account designed for the documentation complexity of international B2B payments.

What currencies can I receive through XTransfer’s global collection account?

XTransfer’s Global Collection Account supports major global currencies, including USD, EUR, GBP, JPY, AUD, CAD, and CHF.

How long does it take to start collecting payments globally with XTransfer?

SMEs can be onboarded and begin receiving international payments within 24 hours. XTransfer verifies genuine goods trade activity using AI-assisted analysis, after which the Global Collection Account is activated and ready for use.

About XTransfer

XTransfer, the world’s No.1 B2B cross-border trade payment platform by 2025 TPV, is dedicated to providing small and medium-sized enterprises (SMEs) with secure, compliant, fast, convenient and low-cost foreign trade payment and fund collection solutions, significantly reducing the cost of global expansion and enhancing global competitiveness. Founded in 2017, the company is headquartered in Shanghai and has branches in Hong Kong SAR, the United Kingdom, the Netherlands, the United States, Canada, Australia, Singapore, Vietnam, Thailand, Malaysia, the Philippines, the UAE, and Nigeria. With more than 800,000 enterprise clients, XTransfer has become the industry No.1 in China.

XTransfer’s mission is Making SME Financial Services Simple & Accessible.

For more information, please visit: https://www.xtransfer.com/

Disclaimer: The information provided in this press release is for informational purposes only and does not constitute financial or legal advice. Regulatory requirements and compliance frameworks are subject to change across jurisdictions. Data and statistics cited are based on XTransfer public data as of May 2026.