AMSTERDAM, June 04, 2026 – XTransfer, the world’s leading B2B cross-border trade payment platform, and Societe Generale, a prominent European bank in transaction banking, have signed a Memorandum of Understanding (MOU) during Money20/20 Europe 2026 in Amsterdam. This partnership aims to enhance cross-border payment infrastructure and develop integrated financial solutions to support international trade flows.
Streamlining Global Trade Payments
The collaboration seeks to deliver more efficient, seamless, and cost-effective cross-border payment experiences, particularly for businesses operating from China across Europe and global markets. As global supply chains diversify and trade becomes increasingly digital, companies require secure, compliant, faster, and more predictable payments. However, many still face challenges such as fragmented collection solutions, limited transparency in fees and foreign exchange, lengthy settlement times, and complex compliance requirements.
Combining Strengths for Better Solutions
XTransfer and Societe Generale will combine their respective strengths: bank-grade resilience, regulatory expertise, and execution capabilities with platform-enabled digital connectivity. This synergy aims to streamline international payment flows and improve client experience across markets. Under the MOU, the parties will explore developing integrated cross-border financial solutions, including local collection and outbound payment solutions that help suppliers collect from overseas buyers more efficiently and reliably, while enabling global importers to pay suppliers worldwide with greater speed and security.
Focus on Asia-Europe Connectivity
The cooperation also includes “Pay to China” services with USD and CNY settlement and transfer services in Hong Kong SAR and Mainland China, strengthening connectivity for trade flows between Asia and Europe. Additionally, the parties will explore FX solutions to enable fast and reliable conversion of local currencies into major currencies such as USD and EUR, supporting smoother settlement for cross-border traders.
Executive Insights
Bill Deng, Founder and CEO of XTransfer, stated, “We are pleased to sign this MOU with Societe Generale to strengthen X-Net, a globally unified B2B cross-border settlement network and risk management platform, with deeper banking connectivity for global traders. By combining Societe Generale’s transaction banking capabilities with XTransfer’s platform and global SME network, we aim to deliver more digital, scalable cross-border payment solutions for traders worldwide.”
The MOU was announced by Neil Ni, Chief Strategy Officer of XTransfer, and Queenie Lo, Head of Global Transaction Banking Hong Kong, and Edwin Hartog, Head of Global Transaction Banking Netherlands at Societe Generale, at Money20/20 Europe 2026 in Amsterdam.
