From Asia to Latin America: XTransfer Opens São Paulo Office as Industry Leaders Gather to Celebrate a New Era in Trade Payment

SÃO PAULO--(BUSINESS WIRE)--XTransfer, the world’s leading B2B cross-border trade payment platform, serving over 800,000 businesses across nearly 60 countries and regions, marked its official entry into Brazil with the opening of its São Paulo office. The ceremony, held at a landmark venue on Avenida Paulista, brought together representatives from trade associations, bilateral business organisations, and local entrepreneurs, highlighting the importance of expanding compliant trade payment infrastructure in Latin America’s largest economy.

Industry leaders and partners mark the milestone

The event drew senior guests from a range of organisations, including the Brazilian Association of Chinese-Invested Enterprises, the China Council for the Promotion of International Trade (CCPIT) Brazil Office, and LIDE CHINA, one of Brazil’s best-known business leadership networks. Local business leaders and community representatives also attended, reflecting strong support for XTransfer’s decision to build on-the-ground capabilities in Brazil.

Speakers pointed to the continued expansion of China–Brazil trade, noting that China remained Brazil’s largest trading partner in 2025 and that bilateral trade volumes reached record levels. As the corridor grows, attendees emphasised the increasing need for efficient, secure and compliant cross-border payment solutions and welcomed XTransfer’s arrival as a timely response to market demand.

Leon Deng, Co-CGO of XTransfer, delivered remarks via video from the company’s global headquarters, said, “Brazil is central to XTransfer’s Latin America strategy. We are committed to bringing the compliance expertise and technology built from serving over 800,000 clients worldwide to this vibrant and important market.”

A strategic expansion into Latin America

As Latin America’s largest economy and one of China’s most significant partners in the region, Brazil continues to see rising trade activity, driving demand for efficient and robust cross-border payment services. By establishing a physical presence in São Paulo, Brazil’s financial and commercial hub, XTransfer aims to better support trade businesses operating along this vital corridor, providing closer service, stronger local engagement, and enhanced compliance support.

About XTransfer

XTransfer, the world’s largest B2B cross-border trade payment platform with over US$60 billion TPV in 2025, according to CIC. In Latin America, XTransfer operates in partnership with local banks and financial institutions across Brazil, Chile, Colombia, Mexico, and Peru, to give SME buyers access to local payment networks, enabling them to pay their global suppliers using bank transfers, digital wallets, and instant payment methods such as Brazil’s Pix.