XTransfer, the world's leading B2B cross-border trade payment platform, attended the World Economic Forum's 17th Annual Meeting of the New Champions (Summer Davos) in Dalian, marking its return as an Institutional Member of the World Economic Forum. This makes XTransfer the only institutional member from China's B2B cross-border payments sector, a significant milestone that elevates the company from participant to co-builder in global dialogues on international trade and digital finance.
At the forum, Bill Deng, XTransfer Founder and CEO, 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" and outlined key obstacles in cross-border payments, including compliance demands, geopolitics, and varying regulatory regimes. Deng emphasised that while deglobalisation and geopolitical risks can weigh heavily on large enterprises, SMEs tend to be more resilient due to light-asset models and their 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. Deng shared that "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." 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, with over 890,000 registered customers and partnerships with more than 170 financial institutions, providing services across 200+ countries and regions. In 2025, the platform processed over US$60 billion in total payment volume, becoming the world's largest B2B cross-border trade payment platform. Deng highlighted that risk control and compliance are the toughest challenges for cross-border payments. XTransfer's self-developed large language model, 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 XTransfer's website or follow them on LinkedIn.
