Xtransfer announced that from January to September in 2025, 75.9% of the platform’s overseas collections came from emerging markets in Asia, Africa, and Latin America.
Emerging markets have become a new blue ocean for foreign trade enterprises expanding overseas, providing vital support for foreign trade growth. The continuous improvement of cross-border payment infrastructure is also offering strong safeguards for that growth.
On the first day of the 138th Canton Fair, Bill Deng, Founder and CEO of XTransfer, participated in the thematic forum “Seminar on Enhancing the Level of Trade Digitalisation”.
He stated, “Based on a recent sample survey of 700,000 SMEs on our platform, there are tremendous opportunities in emerging Asia, Africa, and Latin America markets.
“Notably, Africa has become the hottest emerging export market, with business prospects worth tapping. Developing opportunities in markets of developing countries is a path China’s foreign trade must continue to pursue.”
Bill added, “For foreign trade firms entering emerging markets, logistics, information, and mobility are mature, but capital flows are the main hurdle. Weak financial infrastructure, unstable payment channels, and underground banking in developing countries make safe, compliant, and efficient fund repatriation critical.”
From January to September, XTransfer’s collections from Asia, Africa, and Latin America grew 123.6% year-on-year, Africa 369.1%, Southeast Asia 102.2%, and Latin America 93%, far outpacing China customs export growth, showing strong demand for secure cross-border payments.
