XTransfer, a global leader in business-to-business (B2B) cross-border trade payment platforms, has announced strategic partnerships with BBVA and Societe Generale. These collaborations aim to strengthen XTransfer’s presence in Europe and enhance its digital payment infrastructure for small and medium-sized enterprises (SMEs).
These new alliances follow XTransfer's strong engagement at Money20/20 Europe 2026. The company seeks to address significant challenges faced by SMEs in international trade, especially those operating in and with emerging markets. XTransfer intends to streamline cross-border transactions, making them faster and more secure for businesses worldwide.
Ghanaian businesses, particularly SMEs, face similar hurdles in cross-border payments, including limited transparency and prolonged settlement times. The Bank of Ghana consistently reports on efforts to modernise the payment ecosystem. The central bank recently updated its payment systems regulations to promote digital transactions. XTransfer’s partnerships align with Ghana’s broader push for financial inclusion and efficient cross-border trade. Such initiatives can support Ghana’s economic growth, which saw a 3.8% increase in GDP in 2023, by facilitating smoother international commerce.
XTransfer processed over US$60 billion in total payment volume in 2025. It had nearly 897,000 registered clients by 31 March 2026. These figures highlight the platform's significant role in global trade. The company operates across more than 200 countries and regions. This vast network allows it to connect SMEs to secure payment capabilities traditionally available only to large corporations. Violas Xiao, Singapore and Latin America CEO of XTransfer, highlighted the company's commitment to modernising global payments. She spoke at Money20/20 Europe 2026 about women shaping the next era of global payments.
The partnerships will further develop XTransfer’s X-Net, a unified B2B cross-border settlement network. This network connects financial institutions and import-export enterprises through end-to-end payment systems and centralised risk controls. This will lead to faster, more predictable, and automated cross-border payment experiences for businesses. Industry analysts will monitor how these partnerships impact transaction costs and processing times for SMEs. This development could help reduce capital outflow problems and assist the Ghana cedi (GHS) exchange rate stability by ensuring more formal payment channels. Ghana’s exports, which contribute significantly to its foreign exchange earnings, could benefit from more efficient payment processing.