XTransfer receives official EMI Licence from the Dutch Central Bank

XTransfer provides small and medium-sized enterprises (SMEs) with a variety of secure, compliant, and efficient solutions for foreign trade payments and fund collection. This helps reduce the costs associated with global expansion while increasing competitiveness on a global scale. XTransfer has created a worldwide multi-currency clearing network by partnering with multinational banks and financial institutions. The company uses technology to connect these SMEs with large financial institutions, offering them equivalent cross-border financial services. 

With the introduction of this new licence, XTransfer will launch localised services in the Netherlands, providing a comprehensive payment solution specifically designed for local SMEs. 

XTransfer’s services will offer Dutch SMEs faster, efficient, and cost-effective cross-border payment solutions, empowering them to increase their international presence. Additionally, this initiative will strengthen the financial connections between China and the Netherlands, thereby promoting bilateral trade relations.

As a member of the European System of Central Banks (ESCB), acquiring this licence serves as an endorsement of XTransfer’s compliance capabilities. It affirms the company's transparency and security within global markets.

Other developments from XTransfer

In January 2025, XTransfer received the Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS), marking a significant advancement in its role within the B2B cross-border payments sector.

With the MPI licence, XTransfer was equipped to provide a range of services, including account issuance, domestic money transfers, cross-border transactions, and e-money issuance. These services aimed to fulfil the growing need for secure and convenient cross-border payment solutions in the region. The payment services launched shortly after in Singapore, featuring effortless account setups, flexible top-up options, currency exchange services, and streamlined solutions for cross-border fund collection and payments. These offerings were specifically designed for SMEs engaged in international trade within Singapore.