# XTransfer Launches Cross-border Payment Service in Chile

- Link: https://www.thailand-business-news.com/pr-news/xtransfer-launches-cross-border-payment-service-in-chile
- Published: 2026-10-14T10:50:00+07:00
- Author: Media OutReach

#### _UAF registration strengthens compliance footing in Latin America_

SANTIAGO, CHILE – [Media OutReach Newswire](https://www.media-outreach.com/) – 14
October 2026 – **XTransfer**, a leading global B2B cross-border trade payment platform,
announced that **XTransfer Chile SpA** has completed registration with** Chile’s
Unidad de Análisis Financiero (UAF)**, marking a key milestone in its Latin America
expansion.

![UAF registration strengthens compliance footing of XTransfer in Latin America.](
https://images.media-outreach.com/release.php/Thumb/1600x2000/823342/823342-chile-
poster-eng-jpg-1600.jpeg)

 _UAF registration strengthens compliance footing of XTransfer in Latin America._

 **The registration strengthens XTransfer’s local compliance foundation in Chile
and supports its ability to provide cross-border payment solutions to businesses
in the market.** XTransfer specialises in serving SMEs engaged in international 
trade, helping them simplify international collections and payments while navigating
cross-border trade and compliance requirements.

 **China–Chile Trade Growth Fuels Demand for Cross-border Payments** 
 The China–
Chile Free Trade Agreement was the first bilateral free trade agreement signed between
China and a Latin American country, coming into effect in 2006. **Bilateral trade
between China and Chile grew from over US$7 billion in 2005 to US$66.905 billion
in 2025,** with China remaining Chile’s largest trading partner for many consecutive
years, according to China Customs data. **According to XTransfer data, payment collections
from Latin America rose 94% year-on-year in 2025, with collections from Chile increasing
by 79%**, reflecting the deepening trade ties between the two countries.

 **Solving the Export Payment Bottleneck** 
 However, many exporters still face 
the bottleneck of **“easy to export, hard to get paid”.** Latin American buyers 
often prefer paying in **local currencies**, while exporters may lack suitable collection
channels. USD settlement can add **FX costs and cross-border fees**, and post-payment
steps, including conversion, settlement, and repatriation, can slow cash flow and
affect fulfilment. Businesses therefore need a full-chain solution covering **pay,
collect, settle, and repatriate**.

 To address this, XTransfer leverages its global local collection network and partnerships
with licensed financial institutions to provide eligible companies with** local-
currency collection accounts in key Latin American markets including Chile, Brazil,
Mexico, Colombia, Argentina and Peru**, supporting currencies such as Chilean Peso,
Brazilian Real and Mexican Peso. Buyers can pay from local bank accounts via local
clearing, while exporters can convert and settle into RMB through XTransfer, accelerating
fund return and improving cash utilisation.

 “Completing our UAF registration is a key milestone in our Latin America expansion,”
said** Violas Xiao, Singapore and LatAm CEO of XTransfer**. “XTransfer will continue
to invest in regulated markets and strengthen its payment infrastructure to support
SMEs participating in cross-border commerce,” she added. 
Hashtag: #XTransfer #Chile#
LatAm #Crossborder #Payment #EmgergingMarkets

[https://www.xtransfer.com](https://www.xtransfer.com)
[https://www.linkedin.com/company/xtransfer.cn](https://www.linkedin.com/company/xtransfer.cn)

The issuer is solely responsible for the content of this announcement.

#### XTransfer

XTransfer is the world’s largest B2B cross-border trade payment platform with over
US$60 billion TPV in 2025, according to CIC. Founded in 2017 as one of the first
payment platforms worldwide dedicated to B2B cross-border trade, we serve the largest
customer base of over 1,000,000 registered SMEs globally.

 We connect top-tier financial institutions directly to SMEs, the backbone of global
trade, giving businesses of every size access to the same secure, compliant and 
seamless payment infrastructure once reserved for multinationals. As of March 31,
2026, we provide payment services across more than 200 countries and regions through
partnerships with financial institutions, including some of the most established
international banks around the world.

 XTransfer has obtained required licenses in major hubs, including the Chinese Mainland,
Hong Kong SAR, the United Kingdom, the United States, Singapore, the Netherlands,
Australia and Canada.

 For more information, please visit: [https://www.xtransfer.com ](https://www.xtransfer.com)

![](//track.media-outreach.com/index.php/WebView/493803/36955)

**Source** : [XTransfer Launches Cross-border Payment Service in Chile](https://www.media-outreach.com/news/chile/2026/10/14/493803/?rand=186006)

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