{"id":25844,"date":"2024-03-22T10:53:00","date_gmt":"2024-03-22T10:53:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4368579_AE68579_0"},"modified":"2024-03-22T10:53:00","modified_gmt":"2024-03-22T10:53:00","slug":"xtransfer-joins-in-thailand-style-bangkok-2024","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=25844","title":{"rendered":"XTransfer Joins in Thailand &#8220;STYLE Bangkok 2024&#8221;"},"content":{"rendered":"\n<p><b>Showcases Innovative Cross-border Payment Solutions <\/b><b>to Foreign Trade Enterprises<\/b><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">BANGKOK<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">March 22, 2024<\/span><\/span> \/PRNewswire\/ &#8212;&nbsp;<b>XTransfer, World&#8217;s Leading &amp; <span class=\"xn-location\">China&#8217;s<\/span> No.1 B2B Cross-Border Trade Payment Platform<\/b>, made its debut in <span class=\"xn-location\">Thailand<\/span> this week at the &quot;STYLE Bangkok 2024&quot; trade show. The event is <span class=\"xn-location\">Asia&#8217;s<\/span> premier lifestyle and fashion trade show, gathering over 500 exhibitors and more than 1,000 booths showcasing various products, including household products, toys and stationery, fashion items, fabrics, and leather goods. XTransfer&#8217;s expansion in <span class=\"xn-location\">Thailand<\/span> aims to further promote trade between <span class=\"xn-location\">China<\/span> and <span class=\"xn-location\">Thailand<\/span> by offering secure and convenient cross-border payment innovative solutions to small and medium-sized enterprises, supporting their global business expansion.<\/p>\n<p>According to statistics from the Ministry of Commerce of <span class=\"xn-location\">China<\/span>, in 2023, <span class=\"xn-location\">Thailand<\/span> was <span class=\"xn-location\">China&#8217;s<\/span> fourth-largest trading partner within ASEAN, the fourth-largest export and import market, while <span class=\"xn-location\">China<\/span> was <span class=\"xn-location\">Thailand&#8217;s<\/span> largest trading partner. According to data from XTransfer, the total amount of money collected by the Chinese foreign trade SMEs from <span class=\"xn-location\">Thailand<\/span> in the first two months of 2024 has increased by 32.5% compared to the same period last year.&nbsp;With frequent trade between the two countries, XTransfer aims to provide convenient and fast payment solutions for <span class=\"xn-location\">China<\/span> seller and their Thai buyers.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2871\">\n<p style=\"TEXT-ALIGN: center; WIDTH: 100%\"><a href=\"https:\/\/mma.prnasia.com\/media2\/2369511\/1.html\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2369511\/1.jpg?p=medium600\" title=\"XTransfer's payment solutions attracted trade companies at Thailand &quot;STYLE Bangkok 2024&quot;\" alt=\"XTransfer's payment solutions attracted trade companies at Thailand &quot;STYLE Bangkok 2024&quot;\" \/><\/a><br \/><span>XTransfer&#8217;s payment solutions attracted trade companies at Thailand &quot;STYLE Bangkok 2024&quot;<\/span><\/p>\n<\/p><\/div>\n<p>Last month, with the help of Deutsche Bank, XTransfer successfully obtained the Non-Resident Qualified Company (NRQC) status from the Bank of <span class=\"xn-location\">Thailand<\/span>, becoming the first company in <span class=\"xn-location\">Thailand<\/span> to receive this status. XTransfer, together with Deutsche Bank, is able to assist <span class=\"xn-location\">China<\/span> and <span class=\"xn-location\">Thailand&#8217;s<\/span> foreign trade enterprises, allowing Thai buyers to make payments directly to Chinese suppliers in Thai baht through the local payment system PromptPay. XTransfer&#8217;s Chinese supplier clients can collect funds instantly, ensuring a fast, secure, and compliant process, while Thai buyers can save on cross-border remittance fees.<\/p>\n<p>Speaking from the trade show, <b>Founder and CFO of XTransfer, <span class=\"xn-person\">Jason Sun<\/span><\/b>, said, &quot;We are delighted that XTransfer&#8217;s innovative payment solutions have attracted the attention of many Thai companies at the show. Our collaboration with Deutsche Bank Thailand provides convenient payment solutions for Thai buyers, which we believe will further promote trade between <span class=\"xn-location\">China<\/span> and <span class=\"xn-location\">Thailand<\/span>. In the future, XTransfer will actively cooperate with local licensed institutions such as banks and payment companies to provide payment solutions to local businesses in <span class=\"xn-location\">Thailand<\/span>. Apart from meeting the pay-to-<span class=\"xn-location\">China<\/span> needs of SMEs, XTransfer aims to facilitate the collection needs of local export SMEs as well.&quot;&nbsp;<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder0\"> <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Showcases Innovative Cross-border Payment Solutions to Foreign Trade Enterprises BANGKOK, March 22, 2024 \/PRNewswire\/ &#8212;&nbsp;XTransfer, World&#8217;s Leading &amp; China&#8217;s No.1 B2B Cross-Border Trade Payment Platform, made its debut in Thailand this week at the &quot;STYLE Bangkok 2024&quot; trade show. The event is Asia&#8217;s premier lifestyle and fashion trade show, gathering over 500 exhibitors and more [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-25844","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>XTransfer Joins in Thailand &quot;STYLE Bangkok 2024&quot; - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=25844\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XTransfer Joins in Thailand &quot;STYLE Bangkok 2024&quot; - My Blog\" \/>\n<meta property=\"og:description\" content=\"Showcases Innovative Cross-border Payment Solutions to Foreign Trade Enterprises BANGKOK, March 22, 2024 \/PRNewswire\/ &#8212;&nbsp;XTransfer, World&#8217;s Leading &amp; China&#8217;s No.1 B2B Cross-Border Trade Payment Platform, made its debut in Thailand this week at the &quot;STYLE Bangkok 2024&quot; trade show. 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