XTransfer, World’s Leading B2B Cross-Border Trade Payment Platform, announced at the 138th Canton Fair that from January to September this year, 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’sforeign trade must continue to pursue. We will keep building secure and trustworthy financial infrastructure so that companies, regardless of size or location, can enjoy the same safe and reliable cross-border financial services and expand globally without worry.”

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.”