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
Disagreements between landlords and tenants can develop gradually, sometimes starting with a single unresolved question about money or an obligation described ambiguously…
Older homes have a certain charm that newer builds often struggle to copy. The proportions feel different, the details have more character, and there’s usually a sense …
Trees are one of Australia's greatest natural assets. They provide shade during scorching summers, improve air quality, create habitats for wildlife and add significant v…
Commercial flooring does much more than provide a surface to walk on. In busy workplaces, the right flooring contributes to safety, hygiene, durability, and the overall…
Modern skincare is no longer limited to basic facials and over-the-counter creams. Today, more people are turning to professional treatments to improve skin texture, redu…
Homeowners are on the lookout for effective ways to manage their monthly expenses because prices are rising across the board. With a particular focus on power bills, many…
With so many brands of hybrid caravans and different features available, it’s hard to know which one will have everything you’re after. Do you sacrifice a little comfort …
With stress and burnout continuing to affect many Australians, creating a calm and relaxing home environment has become more important than ever. In fact, interior desi…
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...
Finding the right family dentist in Sydney is one of the most important health decisions you can make for your household. With hundreds of practices spread across the city — from Beecroft to Bondi, Pa...
Hashtag.net.au
