Bill Deng, Founder and CEO of XTransfer, shared insights on how Malaysia can accelerate technology application and innovation to help micro, small and medium enterprises (MSMEs) scale exports under the 13th Malaysia Plan (13MP), during FEM 2026's panel discussion, "Made by Malaysia: Accelerating Technology Applications & Innovation".
Bill Deng (second from the right), Founder and CEO of XTransfer, joins as a speaker at Forum Ekonomi Malaysia 2026.
Bill was honoured to join YB Tuan Liew Chin Tong, Deputy Minister of Finance of Malaysia, and Mr Ooi Ching Liang, Senior Director of Engineering at SkyeChip, for a discussion focused on strengthening high-growth, high-value industries, advancing R&D commercialisation, increasing productivity and competitiveness, and supporting MSMEs in global value chains.
Drawing on XTransfer's work with MSMEs across markets, Bill noted that many Malaysian businesses are "able to export," but face persistent barriers to scaling exports. The most common issues are trust, compliance, and scale, which often surface as payment delays, repeated documentation requests, FX uncertainty, and working capital pressure as orders grow.
"For B2B SMEs in foreign trade, the biggest constraint isn't demand. It's the operational complexity behind cross-border payments, foreign exchange, and compliance," Bill said. "In particular, AML requirements can be difficult for both traditional banks and SMEs to manage efficiently, creating friction that slows down legitimate trade."
Bill highlighted a structural shift in global trade flows from a single dominant corridor to non-U.S., intra-Asia, and broader South–South routes. This trend is increasingly clear in real SME transaction patterns. Bill shared, "In 2025, XTransfer's average collection amount from Asia, Africa, and Latin America grew by 106% year-on-year, with Africa exceeding 270%, Latin America reaching 94%, and ASEAN reaching 82%."YB Liew noted the trend and thinks it is a direction Malaysia should pursue.
XTransfer also said it plans to establish Malaysia as its regional compliance centre, citing Malaysia's strong geographic and time-zone advantages, a mature regulatory environment, availability of talent in compliance and risk operations, and cost efficiency. "Malaysia gives us the talent, governance environment, and regional proximity to scale compliance as intra-Asia and emerging-market trade accelerates," Bill added. Hashtag: #XTransfer #Malaysia #SMEs #13MP #FEM2026
Queensland’s growing population is putting pressure on governments to find more places for people to live. While new housing estates are part of the answer, established…
Understand What a Digital Lock Changes
Moving away from a traditional key can change how people manage entry to a home, office or other property. A digital door lock c…
Look at the Range of Dental Care Available
Choosing a dental practice is easier when patients can access different types of care in one place. A dental clinic Melbourne …
A ducted heating or cooling system can circulate air throughout your home for hours at a time, but the ductwork itself is often overlooked during routine cleaning. Prof…
Start With Your Business Technology Needs
Choosing an information technology service provider involves more than finding a company that can respond when something goes…
When Locksmith Help Goes Beyond A Locked Door
Reliable locksmith services can cover a wide range of access and security problems, from household lockouts to damaged lo…
The trends and technology has changed over the past few years. The way people search and read about a business has shifted, from reading each article about the business…
Managing employees involves more than hiring the right people and creating a productive workplace. Businesses also need to ensure their employment practices, agreements…
Look at the Range of Dental Care Available
Choosing a dental practice is easier when patients can access different types of care in one place. A dental clinic Melbourne patients visit may provide gen...
In clinical settings, surgical supply partners aren’t just vendors. They sit quietly behind the scenes of operating lists, specialist consultations, treatment rooms and recovery workflows. When they...
The early developmental years of a child's life represent a critical window for neurological growth, behavioural shaping, and language acquisition. During this formative phase, the ability to interpre...
Hashtag.net.au
