XTransfer, a China-based B2B cross border trade payment platform, has announced plans to expand into the Netherlands.
The company formalised its intention during a signing ceremony at Money20/20 Europe in Amsterdam, where representatives from XTransfer and the Netherlands Foreign Investment Agency (NFIA) signed a Letter of Intention.
The signing took place at XTransfer’s booth, with Bill Deng, Founder and Chief Executive Officer of XTransfer, and Hans Kuijpers, Director of Investment Projects at the NFIA, in attendance.
The Netherlands, widely recognised for its fintech ecosystem, offers a strong digital infrastructure, a supportive regulatory environment and a collaborative business climate.
These factors have made it a strategic choice for XTransfer’s European expansion.
Bill Deng said,
“Our intention to invest not only demonstrates our long-term commitment to the region but also reflects our deep appreciation for the Netherlands’ position as a leader in fintech innovation. We look forward to growing alongside the local ecosystem and empowering SMEs across Europe with innovative cross border payment solutions.”
Hans Kuijpers added,
“We warmly welcome XTransfer’s decision to establish its European base in the Netherlands. Their international presence, innovative compliance technology, and strong focus on SME cross border payments strengthen our dynamic fintech ecosystem. Backed by a Dutch EMI license, this expansion reinforces the Netherlands’ position as a key player in international digital finance.”
This development marks a step forward in XTransfer’s strategy to build a stronger cross border payment infrastructure in Europe.
The company aims to support local SMEs with integrated financial services for international trade and plans to collaborate closely with banks, financial institutions and other fintech players in the Netherlands.
The announcement comes after XTransfer secured an Electronic Money Institution license from the Dutch Central Bank, allowing it to offer a full payment solution to local trading SMEs.
