XTransfer Wins Best Cash Management Solution at The Asset Triple A Awards 2024

HONG KONG, May 17, 2024 -- XTransfer, the World's Leading & China's No.1 B2B Cross-Border Trade Payment Platform, is thrilled to announce the winning of the "Best Cash Management Solution" at The Asset Triple A Treasurise Awards (E-Commerce, Media, Technology) 2024. This award recognises XTransfer's commitment to innovation and excellence in providing cutting-edge solutions for cash management for global SMEs in the foreign trade industry.

The Asset Triple A Treasurise Awards, organised by The Asset magazine, holds high esteem within the financial industry and celebrates outstanding achievements and best practices of companies that have launched or helped implement initiatives in corporate treasury management, trade finance, supply chain and/or risk management in Asia Pacific, the Middle East, Europe and North America.

The "Best Cash Management Solution" recognises XTransfer's exceptional contribution to the comprehensive cash management solution which supports a single Thai baht and Indonesia rupiah operating account and FX process automation via API. The award is a result of the collaborative effort with Deutsche Bank to implement innovative cash and FX workflow solutions in the Asia Pacific region. Additionally, our Non-Resident Qualified Company (NRQC) pilot in Thailand, a first in the industry, stands as a significant achievement. The combination of strengths from both parties promises to deliver a truly differentiated and comprehensive solution for regional businesses.

Violas Xiao, Local CEO of Singapore, XTransfer, said, "We are incredibly honoured to receive the Best Cash Management Solution at The Asset Triple A Treasurise Awards 2024. This recognition is a testament to our team's dedication and commitment to delivering secure, low-cost cost, fast and convenient payment solutions to global foreign trade SMEs, empowering them to significantly reduce the cost of global expansion and enhance global competitiveness."