XTransfer Joins WEF as Institutional Member, Highlights SMEs as Globalization Buffer

At the World Economic Forum's 17th Annual Meeting of the New Champions (Summer Davos) in Dalian, XTransfer, the World's Leading B2B Cross-Border Trade Payment Platform, announced its official membership as an Institutional Member of the World Economic Forum, making it the only institutional member from China's B2B cross-border payments sector. Founder and CEO Bill Deng delivered a keynote in the session "China Platforms Go Global," highlighting how Chinese e-commerce platforms have evolved from domestic disruptors to global rule reshapers. He outlined key challenges in cross-border payments, including compliance demands, geopolitical tensions, and varying regulatory regimes. Notably, Deng emphasized that while deglobalization weighs heavily on large enterprises, SMEs exhibit greater resilience due to light-asset models and quick market adaptability. In a fragmented global economy, SMEs can act as a "buffer," supporting stability and deeper global integration.

Deng also attended a closed-door meeting with Chinese Premier Li Qiang and participated in strategic discussions on payment risk management and international cooperation. He described China's expansion as shifting from "trade going global" to "ecosystem going global," spanning manufacturing, brands, culture, and financial services, with SMEs playing a central role. Emerging markets, he noted, are becoming new growth hotspots, urging businesses to leverage supply-chain strengths and enter markets early to capitalize on strong demand with limited competition.

XTransfer has grown rapidly, with over 890,000 registered customers, partnerships with more than 170 financial institutions, and services across 200+ countries and regions. In 2025, the platform processed over US$60 billion TPV, becoming the world's largest B2B cross-border trade payment platform. Deng stressed that risk control and compliance are the toughest challenges in cross-border payments, but XTransfer's self-developed LLM, TradePilot, has kept the fraud rate at 0.003%, among the industry's lowest, enabling SMEs to transact safely and compliantly. For more information, visit the XTransfer website or their LinkedIn page.