XTransfer and Bank of China (Hong Kong) Sign Cross-Border Payments Cooperation Agreement

XTransfer and Bank of China (Hong Kong) signed a cooperation agreement at Hong Kong FinTech Week 2026 to provide one-stop cross-border financial services, including global collections, payments and foreign exchange, for enterprises engaged in international trade in Hong Kong and around the world. ANTARA News reported the signing on November 11, 2026.

How the XTransfer and BOCHK Agreement Works

Mr Martin Liu, Vice President of XTransfer, and Ms Winnie Fan, Deputy General Manager of the Global Corporate Banking Department of Bank of China (Hong Kong), signed the agreement at the XTransfer booth. Mr Bill Deng, Founder and CEO of XTransfer, and Mr Liu Chao, General Manager of the Global Corporate Banking Department of BOCHK, witnessed the signing.

The two parties will collaborate across global collections, payments and foreign exchange. The arrangement draws on BOCHK's cross-border settlement and foreign exchange trading capabilities and its position as the RMB clearing bank in Hong Kong, alongside XTransfer's self-built globally unified B2B cross-border settlement network and risk management system. Under this cooperation model, XTransfer is the first corporate partner of BOCHK.

Both parties expect that reducing the handover points in cross-border transaction processes can enhance the service experience and capital turnover efficiency. Foreign trade enterprises in Hong Kong and around the world will be able to access cross-border collection, payment and foreign exchange services for multi-currency transaction and settlement needs across different markets.

The cooperation reflects XTransfer's Financial Institution Partnership Model, in which financial institution partners act as "Co-builders" providing cross-border collection, payment and foreign exchange capabilities. Through XTransfer's network covering over one million business customers, partners can reach more enterprise customer segments with cross-border financial service needs.

Mr Bill Deng said: "We are very honored to sign the cooperation agreement with BOCHK during Hong Kong FinTech Week. BOCHK is one of Hong Kong's most representative banks, with deep expertise in cross-border settlement and foreign exchange services. This cooperation combines the strengths of both parties, enabling SMEs to enjoy cross-border financial services of the same standard as large multinational corporations." He added that XTransfer will continue to refine its compliance and risk control capabilities and work with more financial institution partners.

XTransfer's Earlier 2026 Agreements and Launches

XTransfer signed strategic cooperation agreements with China ZheShang Bank and Industrial Bank at CIFIT in Xiamen in September 2026, targeting minor-currency collection in emerging markets and RMB conversion, Fxnewsgroup reported. In October 2026, XTransfer debuted at the 23rd China–ASEAN Expo in Nanning with a one-stop solution for Southeast Asia local collections and RMB settlement, PR Newswire APAC reported. XTransfer Chile SpA completed registration with Chile's UAF, EIN Presswire reported in October 2026, a step in its Latin America expansion.

XTransfer's Hong Kong FinTech Week Return

XTransfer returned to Hong Kong FinTech Week and Singapore FinTech Festival for a third consecutive year, with CEO Bill Deng joining management sessions, Arabian Post reported in October 2026. The company's own announcement describes the BOCHK signing as marking a new stage in the partnership between the two parties.