As
an
independent
and
authoritative
central
bank
and
supervisory
authority,
DNB
is
regarded
as
trustworthy
and
credible
by
both
the
general
public
and
the
financial
sector.
Additionally,
it
is
a
core
member
of
the
European
System
of
Central
Banks
(ESCB).
Obtaining
this
license
is
a
significant
endorsement
of
XTransfer’s
compliance
capabilities
and
validates
the
company’s
credibility,
transparency,
and
security
in
global
markets.
With this new license, XTransfer will officially launch localised services in the Netherlands, providing a comprehensive payment solution for local trading SMEs. The services will include local accounts, cross-border settlements, and foreign exchange, etc.
As China’s second-largest trading partner in the European Union, the Netherlands, home to the Port of Rotterdam, Europe’s leading international trade and logistics hub, plays a vital role in global trade. XTransfer’s services will offer Dutch SMEs faster, more efficient, and cost-effective cross-border payment services, enabling them to expand their international presence. Additionally, it will strengthen the financial connection between China and the Netherlands, further promoting bilateral trade relations.
Bill Deng, Founder and CEO of XTransfer, said, “Receiving this license from DNB is a significant milestone in our global strategy, following our earlier authorisation as an Authorised Payment Institution by the UK’s Financial Conduct Authority (FCA). With the Netherlands as our operational base, we plan to expand our services across all 30 countries in the European Economic Area (EEA). Our goal is to provide secure, efficient, and cost-effective cross-border payment solutions to more SMEs. Additionally, we will seek further opportunities in emerging markets by leveraging the Netherlands’ financial connectivity with regions like Africa and the Middle East.”
Since its founding in 2017, XTransfer has established a regulatory presence in major financial centres, including the United States, the United Kingdom, the Netherlands, Singapore, Canada, Australia, and Hong Kong SAR, serving over 600,000 trade enterprises globally. The acquisition of the EMI license in the Netherlands represents another significant milestone in its international journey. Moving forward, XTransfer plans to continue expanding its global licensing footprint.
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Hashtag: #XTransfer #Netherlands #Centralbank #PaymentLicense #CrossBorderPayment
The issuer is solely responsible for the content of this announcement.
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