The agreement signals the firm's strategic move to expand its footprint in the European cross-border payments sector. The signing, which took place at the company’s booth during the Money20/20 Europe event, marks a continuation of XTransfer’s international growth strategy.
A company representative and an official from the NFIA jointly signed the letter, underscoring mutual interest in long-term cooperation.
XTransfer’s expansion plans are underpinned by its recent acquisition of an Electronic Money Institution (EMI) licence from the Dutch Central Bank. This regulatory approval allows the firm to offer end-to-end payment services designed for small and medium-sized enterprises engaged in international trade.
The proposed headquarters in the Netherlands will act as a regional hub for supporting local SMEs with cross-border financial services. Company officials noted that the Dutch market's openness to international business and digital innovation played a role in their decision, alongside regulatory clarity and access to local financial infrastructure.
A representative from XTransfer stated that cooperation with the NFIA had been instrumental in navigating the Dutch regulatory environment and laying the groundwork for future operations. According to the company, the move aligns with its broader goal of enhancing digital payment capabilities and integration with local banks and fintech partners.
Meanwhile, an NFIA official welcomed the announcement, noting that XTransfer’s presence would contribute to the country’s fintech landscape, particularly in areas related to compliance technology and SME-focused services. The Netherlands continues to attract fintech firms due to its regulatory frameworks, digital infrastructure, and international connectivity, reinforcing its position as a strategic location for financial technology companies aiming to scale within the EU.
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