# XTransfer Signs Agreements with CZ Bank and CIB at the 26th CIFIT in Xiamen

- Link: https://www.thailand-business-news.com/pr-news/xtransfer-signs-agreements-with-cz-bank-and-cib-at-the-26th-cifit-in-xiamen
- Published: 2026-09-14T16:30:00+07:00
- Author: PR Newswire

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**Opening X-Net to Banks with Diverse Cooperation Models**

XIAMEN, China, Sept. 14, 2026 /PRNewswire/ — The **26th China International Fair
for Investment and Trade (CIFIT) **was held in Xiamen last week. **XTransfer**, 
a leading global B2B cross-border trade payment platform, **signed strategic cooperation
agreements with China ZheShang Bank (CZ Bank) and Industrial Bank Co., Ltd. (CIB)
during the event. **The partnerships target key cross-border finance scenarios, 
including **minor-currency collection in emerging markets and RMB conversion and
withdrawa**l, using fintech to help foreign trade companies overcome FX settlement
and remittance difficulties.

[⌊XTransfer signed an agreement with CZ Bank during the 26th CIFIT.⌉⌊XTransfer signed
an agreement with CZ Bank during the 26th CIFIT.⌉[
XTransfer signed an agreement
with CZ Bank during the 26th CIFIT.

[⌊XTransfer signed an agreement with CIB during the 26th CIFIT.⌉⌊XTransfer signed
an agreement with CIB during the 26th CIFIT.⌉[
XTransfer signed an agreement with
CIB during the 26th CIFIT.

Hosted by **China’s Ministry of Commerce**, this year’s CIFIT saw **CIPS **establish
a c**ross-border bank–enterprise cooperation zone** for the first time, bringing
together over 70 Chinese and foreign banks to showcase cross-border RMB services.**
XTransfer is signing agreements in the CIPS zone, underscoring its coordination 
with national-level financial infrastructure.**

**Bank Partnerships Address FX Pain Points**

During the exhibition, **XTransfer** and **CZ Bank** jointly announced an **all-
currency settlement solution**. Powered by XTransfer’s **X-Net **global local-collection
network, it helps CZ Bank’s export clients collect payments in local currencies 
across global markets. The service focuses on **Africa, the Middle East, and Latin
America**, addressing pain points such as local buyers being unable to pay in their
own currency and long fund arrival times.

**XTransfer** and **CIB** also signed a **strategic cooperation agreement to deepen
collaboration in cross-border RMB clearing and minor-currency collection**, improving
the efficiency and coverage of **RMB conversion and withdrawal**. The service can
handle the **declaration of international receipts** on behalf of foreign trade 
companies during the trade settlement process, convert funds, and credit them directly
to onshore corporate accounts without affecting export tax rebates, significantly
enhancing convenience for foreign trade firms.

**Bill Deng, Founder and CEO of XTransfer**, said, "The partnerships cover everything
from collecting minor currencies in emerging markets to onshore RMB conversion and
withdrawals, creating an end-to-end funding chain so that ‘minor currencies’ no 
longer become a major headache on the road to global expansion." **He added**, "
XTransfer looks forward to working with more financial institution partners to integrate
fintech with the real economy and support Chinese foreign trade companies’ globalisation."

**Opening X-Net to Banks with Diverse Cooperation Models**

At CIFIT, XTransfer showcased its **globally unified B2B cross-border trade settlement
network and risk-control system, X-Net**, presenting multiple cooperation models
for financial institution partners.

For many years, banks have provided XTransfer with access to capabilities such as
domestic collections, domestic payments, FX conversion, and cross-border compliance
reporting. **Today, banks can directly leverage X-Net’s cross-border payment and
local collection capabilities to serve their own customers, allowing the network
capabilities built through long-term collaboration to benefit the banks’ own businesses.**

Specifically, to address the challenge faced by banks’ exporter clients in collecting
payments in emerging markets,** XTransfer has launched a dedicated "Bank Minor-Currency
Collection Solution", opening up the X-Net global local collection network to banks
in China and worldwide**. This helps export clients collect minor-currency payments
from emerging markets and repatriate funds. 

Banks worldwide can also use **X-Net** to provide importers with fast, compliant
payment services to China, supporting settlement in multiple currencies such as 
the U.S. dollar and the Chinese yuan, as well as helping local importer companies
pay overseas suppliers in local currencies.

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  |  This article was produced by Cision PR Newswire, our trusted news partner. The views expressed and the content presented here are solely those of the author and may not fully reflect the opinions of Thailand Business News. |

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