The Hong Kong branch of China Merchants Bank has partnered with XTransfer to launch cross-border financial services.

On November 3, the domestic B2B cross-border financial platform XTransfer announced in collaboration with the Hong Kong branch of Shanghai Pudong Development Bank to deepen cooperation in cross-border financial services, and signed a cooperation agreement. The two parties will deepen collaboration around core capabilities such as fund collection and payment solutions and transaction processing, to provide small and medium-sized foreign trade enterprises with safer, more efficient, and convenient global payment and fund management services.