Join us at Summer Davos! XTransfer will give a speech on the first day of the conference

Today, the 15th Annual Meeting of the New Champions (Summer Davos) hosted by the World Economic Forum officially opened in Dalian. This year's annual meeting brought together senior leaders from politics, business, social organizations and international organizations, as well as outstanding entrepreneurs, innovators, experts and scholars. Participants from all walks of life proposed solutions to a number of issues.

On the first day of the annual meeting, Deng Guobiao, founder and CEO of XTransfer, delivered a speech at the [Unveiling E-commerce Payment] forum and had in-depth exchanges with Jirayut Srupsrisopa, founder and CEO of Thai digital asset company Bitkub Capital. Other guests attending the event included representatives from institutions such as the Qatar Central Bank and the Development Bank of South Africa.

As cross-border trade continues to develop, different economic sectors around the world face their own challenges in cross-border regulation, including protecting data privacy and consumer rights, combating fraud and money laundering, and ensuring compliance. All major participants in cross-border trade, especially small and medium-sized enterprises, need to actively respond to these challenges in order to achieve sustained growth and enhance competitiveness.

Regarding this topic, at the [Unveiling E-commerce Payment] forum, Deng Guobiao shared his views on the cross-border financial service challenges faced by small and medium-sized enterprises, and how XTransfer helps small and medium-sized enterprises go overseas.

XTransfer not only demonstrated its professional capabilities in cross-border financial services, but also emphasized the key role of technological innovation in promoting global trade facilitation. As digital transformation becomes a new trend in the global economy, XTransfer is helping small and medium-sized enterprises better adapt to the cross-border financial and risk control service needs of the digital age through its digital risk control infrastructure, which not only simplifies the cross-border transaction process and effectively reduces operating costs, but also improves the security and transparency of transactions.

Deng Guobiao said, "In 2017, we observed that due to concerns about financial crimes and money laundering risks, small and medium-sized enterprises lacked digital solutions and had long faced problems such as difficulty in opening accounts, high costs for opening accounts, slow collection of payments, high costs, and accounts being closed or frozen without warning. Therefore, we first provided convenient, compliant and low-cost services to small and medium-sized enterprises in mainland China. Using artificial intelligence technology, we have built a bridge between financial institutions such as JPMorgan Chase, Deutsche Bank, DBS Bank, VISA and small and medium-sized enterprises. At present, we have provided cross-border financial and risk control services to more than 450,000 small and medium-sized enterprises."

Since last year, XTransfer has officially launched its international business, injecting innovative cross-border payment models and core technologies into different countries and regions, allowing small and medium-sized enterprises around the world to enjoy high-quality financial services.

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