On April 15, at the 139th China Import and Export Fair, XTransfer, the world’s leading B2B cross-border trade payment platform, released data. Among overseas collections in the first quarter of this year, collections from emerging markets in Asia, Africa and Latin America accounted for
The ratio has reached 73%, and the collection volume has increased by 45% year-on-year. Among them, the collection volume in Africa, Latin America, and Southeast Asia has increased by 115%, 97%, and 18% respectively. The demand of foreign trade companies for safe and efficient cross-border collection channels is constantly increasing.
According to relevant statistics from the General Administration of Customs, emerging markets in Asia, Africa and Latin America have become the core engine of foreign trade export growth.
However, the construction of financial infrastructure in emerging markets lags behind, the cross-border payment system is imperfect, and foreign exchange is scarce, making it difficult for buyers to obtain US dollar foreign exchange. As a result, foreign trade companies in this market face multiple difficulties such as low settlement efficiency, slow return of funds, and easy card freezing.
In order to be “fast”, some small and medium-sized enterprises choose informal payment channels, but they face serious asset losses and legal risks.
How to balance efficiency and security in cross-border payment collection has become a major challenge for enterprises to explore emerging markets.
In order to help enterprises solve cross-border collection problems, XTransfer has explored and created a complete set of cross-border collection solutions.
Among XTransfer’s overseas collections in 2025, collections in Asian, African and Latin American markets increased by 106% year-on-year, among which foreign trade collections in Africa, Southeast Asia, and Latin America increased by 273%, 82%, and 94% respectively.
According to statistics from the General Administration of Customs, the total value of my country’s exports of goods to Asia, Africa and Latin America will increase by 14.6% year-on-year in 2025, of which exports to Africa, Southeast Asia, and Latin America will increase by 26.6%, 14%, and 8% respectively.
It can be seen that the growth rate of XTransfer’s foreign trade collections in Asia, Africa and Latin America is significantly higher than the growth rate of exports in the region, indicating that foreign trade companies’ demand for safe and efficient cross-border collection channels is rapidly releasing, the market’s recognition of high-quality cross-border payment services continues to increase, and more and more foreign trade companies are shifting from informal collection channels to safe and compliant collection channels.
At the 139th Canton Fair, Mr. Li, the person in charge of a small and micro foreign trade company in Shenzhen engaged in the export of industrial machinery, said that in the past, exports were mainly to Europe and the United States. Last year, he began to focus on the African market. The infrastructure dividends in African countries have allowed him to usher in an “explosive” increase in orders. However, due to local foreign exchange controls and other reasons, payment collection is often slow and cumbersome, and the accounts often cannot be received for weeks.
Since Mr. Li opened XTransfer’s local collection accounts in Nigeria, Ghana, South Africa and other places, buyers can pay directly in local currencies such as Nigerian Naira, Ghanaian Cedi, and South African Rand, and the money will be received in a few minutes. Mr. Li can directly settle and withdraw cash in RMB, and the efficiency of capital turnover has “increased by leaps and bounds.”
In addition, the digital, standardized and intelligent global unified risk control system built by XTransfer helps foreign trade companies identify potential risks and greatly improves transaction security.
Mr. Liu, the person in charge of a trading company in Xiamen, said that because of problems with the customer’s remittance channels, his card was “frozen” many times, and the police station asked him to provide proof of funds. Now with the “protection” of XTransfer, he feels full of security: “As long as there is a little abnormality in the transaction, XTransfer will notify me immediately and let me
Collect money with peace of mind and no longer have to worry about being ‘frozen’.”
Currently, XTransfer has served more than 800,000 corporate customers, and its local collection accounts have covered nearly 60 countries and regions in Africa, Asia, Latin America, the Middle East, Europe, the United States, Australia and New Zealand. It provides safe and efficient cross-border collection services to help diversify and high-quality development of foreign trade.
Deng Guobiao, founder and CEO of
