X-Net is a globally unified B2B cross-border settlement network and risk management platform designed to connect banks and financial institutions with SMEs, supporting more efficient, secure, and inclusive cross-border payment solutions as China–Latin America trade continues to expand.
Despite rising trade volumes, SMEs still faced "last-mile" friction in cross-border payments. Fragmented domestic rails and local banking practices often required payments to pass through multiple intermediaries and currencies, increasing cost, processing time, and operational failure points. Reliance on USD settlement further added double-conversion fees and FX constraints that could trap working capital and reduce margin predictability. Meanwhile, tighter fraud controls and stricter Anti-Money Laundering (AML) requirements made compliance checks more complex and harder to scale, which could leave legitimate businesses facing friction with onboarding difficulties, account restrictions, or frozen funds.
Introducing X-Net
XTransfer developed X-Net as an infrastructure purpose-built for B2B cross-border trade. The hybrid network works with regulators, banks, and payment institutions to advance standards for fund-flow design, product integration, and risk control. As a settlement and risk-control layer linking financial institutions to import-export enterprises, X-Net aims to standardise collections, payouts, and compliance workflows across participants, helping SMEs access secure, compliant, and seamless payment infrastructure once reserved for multinationals.
The LatAm market potential
Latin America is growing and upgrading fast. XTransfer data shows collections from the region rose 94% year-on-year in 2025, outpacing China's 8% export growth there and signalling a shift toward secure, compliant collections. The XTransfer Export PMI, a sample survey of XTransfer's 800,000 SME users, selecting over 3,000 companies nationwide, also points to strong fundamentals, with Latin America's export order index at 56.47 and price index at 57.81 in March 2026, above global readings of 53.85 and 56.15.
Violas Xiao, Singapore and LatAm CEO of XTransfer, said, "Emerging markets are central to XTransfer's expansion, and in Latin America. Next, we'll deepen coverage in Brazil and Mexico while expanding into growth markets like Chile, Colombia, Peru, and Argentina, improving minor-currency liquidity and risk automation so SMEs can pay and collect more predictably and compliantly."
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The issuer is solely responsible for the content of this announcement.
About XTransfer
XTransfer, the world's largest B2B cross-border trade payment platform with over US$60 billion TPV in 2025, according to CIC. In Latin America, XTransfer operates in partnership with local banks and financial institutions across Brazil, Chile, Colombia, Mexico, and Peru, to give SME buyers access to local payment networks, enabling them to pay their global suppliers using bank transfers, digital wallets, and instant payment methods such as Brazil's Pix.
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