XTransfer, the world’s leading B2B cross-border trade payment platform, has entered into a strategic partnership with KBank, one of the most influential regional financial institutions in the AEC+3 market. The agreement, signed during the Singapore FinTech Festival 2025, marks a major step toward giving SMEs across ASEAN a seamless, reliable, and cost-efficient way to handle international trade payments.
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Through this collaboration, XTransfer and KBank plan to build an integrated suite of financial solutions tailored to small and medium-sized businesses operating across Thailand, Indonesia, Vietnam, and other ASEAN markets. By combining their technological strengths, the two organizations aim to simplify domestic and cross-border collections, payments, and FX conversion—areas that often create friction and slow down trade for SMEs.
The partnership will leverage API-driven automation to enable real-time transaction processing and instant FX conversion. This approach is expected to improve scalability, reduce manual operations, and enhance overall reliability for merchants handling high-volume global transactions. Both parties also anticipate deeper system-level integration, including unified reporting formats, better connectivity, and efficient straight-through processing to reinforce operational performance and risk management.
XTransfer and KBank are also exploring new financing pathways to support the working-capital needs of Chinese merchants trading within ASEAN. The goal is to make access to credit more seamless and to ensure that SMEs can grow without being hindered by cash-flow constraints.
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Bill Deng, Founder and CEO of XTransfer, emphasized the significance of the partnership, noting, “This collaboration with KBank marks an important milestone in our mission to make global trade more inclusive. By combining KBank’s regional strengths with our digital infrastructure, we’re giving SMEs the tools to reduce costs, improve cash flow, and trade more efficiently.”
KBank’s Dr. Karin Boonlertvanich echoed this sentiment, noting that cross-border activity in ASEAN is expanding rapidly—fueled by digital transformation and AI advancements. She highlighted that the partnership will connect KBank’s strong regional footprint with XTransfer’s advanced technology to give SMEs a powerful competitive advantage.
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Together, XTransfer and KBank aim to reshape how cross-border trade is supported across the region—making financial services faster, more transparent, and more accessible for businesses of all sizes.
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