XTransfer, the world's leading B2B cross-border trade payment platform, announced its official institutional membership in the World Economic Forum (WEF) during the 17th Annual Meeting of the New Champions (Summer Davos) held in Dalian. The company is now the only institutional member from China's B2B cross-border payments sector. This marks a transition from participant to co-builder in global economic dialogues.
At the forum, Bill Deng, Founder and CEO of XTransfer, delivered a keynote in the session "China Platforms Go Global." He described how Chinese e-commerce platforms have evolved from domestic "digital disruptors" to global "rule reshapers." Deng outlined key obstacles in cross-border payments, including compliance demands, geopolitical tensions, and varying regulatory regimes. He noted that while deglobalization and geopolitical risks weigh heavily on large enterprises, SMEs demonstrate greater resilience due to their light-asset models and ability to enter or exit markets quickly. In a fragmented global economy, SMEs can adapt faster, form new connections, and act as a "buffer" that supports stability and deeper global integration.
Deng was also invited to attend a closed-door meeting between Chinese Premier Li Qiang and business representatives, as well as multiple closed-door strategic discussions in the financial sector. These sessions covered payment risk management, international cooperation, and trends in Chinese companies expanding overseas.
"China's expansion is moving from 'trade going global' toward 'ecosystem going global,' spanning manufacturing, brands, culture, and financial services, with SMEs playing a central role," Deng shared. He added that emerging markets are becoming new growth hotspots and urged businesses to leverage supply-chain strengths and move early into markets with strong demand and relatively limited competition.
XTransfer has grown rapidly in recent years, 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 in total payment volume (TPV), becoming the world's largest B2B cross-border trade payment platform. Deng emphasized that risk control and compliance are the toughest challenges for cross-border payments. XTransfer's self-developed large language model (LLM), TradePilot, has helped keep the fraud rate at 0.003%, among the industry's lowest, enabling SMEs to transact safely, efficiently, and compliantly in global expansion.
For more information, visit the official website at https://www.xtransfer.com.
