Increasing Cross-border Fee and Shariah-Compliant Options Throughout ASEAN
SINGAPORE – Media OutReach Newswire – 14 November 2025 – XTransfer, the world’s main B2B cross-border commerce cost platform, and Maybank, a number one financial institution in ASEAN, are happy to announce a strategic partnership to broaden cross-border cost and Shariah-compliant options. Coinciding with Singapore FinTech Pageant 2025, senior representatives of XTransfer and Maybank formally signed the Memorandum of Understanding (MOU) on the occasion.
Invoice Deng, Founder and CEO of XTransfer (Left) and Dato’ Sri Khairussaleh Ramli, President and Group CEO of Maybank (Proper) signed MOU throughout Singapore Fintech Pageant 2025.
Underneath the collaboration, XTransfer and Maybank will harness their respective strengths to ship one-stop cross-border monetary options, spanning home and cross-border funds and FX conversion, throughout key ASEAN markets, Hong Kong, United Kingdom and United States.
The events will leverage new applied sciences and improvements, together with APIs, digital platforms, assortment options, and digital accounts, to allow automated, real-time, and seamless FX conversion and transaction processing, enhancing the scalability, effectivity, and reliability of cross-border monetary companies.
Recognising the rising demand for Islamic finance-compliant companies in ASEAN, XTransfer and Maybank may also discover and develop Shariah-compliant FX and cost choices tailor-made to regional wants, broadening monetary inclusion and assembly the evolving necessities of companies in search of Shariah-compliant options.
This complete partnership deepens XTransfer’s Southeast Asia protection and multi-currency settlement capabilities, whereas supporting Maybank’s technique to strengthen its regional franchise and ecosystem connectivity.
Invoice Deng, Founder and CEO of XTransfer, mentioned, “This collaboration with Maybank marks a major step in elevating our companies throughout ASEAN. With stronger native assortment, FX conversion, and potential Shariah-compliant settlement capabilities, we are going to assist companies scale back prices, improve money circulation, and enhance transaction effectivity. We are going to proceed to strengthen compliance and danger administration to construct a trusted cross-border monetary infrastructure for our shoppers.”
Dato’ Sri Khairussaleh Ramli, President and Group CEO of Maybank, mentioned, “Along with XTransfer, we are able to allow extra seamless cross-border funds and collections with aggressive foreign exchange charges for retailers engaged in ASEAN-China commerce, and take part within the surging flows between the 2 areas—now one another’s largest buying and selling companions. Complete commerce worth is on observe to succeed in USD1 trillion this yr. This collaboration additionally opens alternatives to develop revolutionary options for companies. With Maybank’s presence in the important thing ASEAN markets, we’re actually well-positioned to assist their cross-border wants.”
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About XTransfer
XTransfer, world-leading B2B Cross-Border Commerce Fee Platform, is devoted to offering small and medium-sized enterprises (SMEs) with safe, compliant, quick, handy and low-cost overseas commerce cost and fund assortment options, considerably decreasing the price of international enlargement and enhancing international competitiveness. Based in 2017, the corporate is headquartered in Shanghai and has branches in Hong Kong SAR, the UK, the Netherlands, the USA, Canada, Australia, Singapore, Vietnam, Thailand, Malaysia, the Philippines, the UAE, and Nigeria. XTransfer has obtained native cost licences within the Chinese language Mainland, Hong Kong SAR, Singapore, the UK, the Netherlands, the USA, Canada, and Australia. So far, XTransfer serves over 700,000 enterprise shoppers worldwide.
By cooperating with well-known multinational banks and monetary establishments, XTransfer has constructed a unified international multi-currency clearing community and a data-based, automated, internet-based and clever anti-money laundering danger management infrastructure centred on SMEs. XTransfer makes use of expertise as a bridge to hyperlink massive monetary establishments and SMEs all over the world, permitting SMEs to get pleasure from the identical degree of cross-border monetary companies as massive multinational companies.
XTransfer accomplished its Sequence D financing in September 2021 and achieved unicorn standing. The corporate has a various composition of worldwide traders, together with D1 Capital Companions LP, Telstra Ventures, China Retailers Enterprise, eWTP Capital, Yunqi Capital, Gaorong Capital, 01VC, MindWorks and Lavender Hill Capital Companions.
For extra info, please go to: https://www.xtransfer.com
About Maybank
Maybank is amongst Asia’s main monetary teams and Southeast Asia’s fourth largest financial institution by asset with near 44,000 staff worldwide. The Group has a global community of two,600 workplaces in 18 international locations together with the important thing ASEAN markets and in addition current in worldwide monetary centres comparable to London, New York, Hong Kong and Dubai. With a function of Humanising Monetary Companies and guided by its M25+ technique, Maybank offers an array of values-based options established on sustainable and moral rules to satisfy its prospects evolving wants. This in depth vary of services and products, embody shopper and company banking, funding banking, Islamic banking, stockbroking, insurance coverage and takaful, wealth administration and asset administration. (www.maybank.com)
