Pix to China: XTransfer and Ouribank join forces to boost international trade

XTransfer, the world's leading and number 1 B2B cross-border payment platform from China, and Ouribank, one of Brazil's leading foreign exchange banks, have entered into a global partnership.This collaboration aims to reduce the cost and processing time of cross-border payments for XTransfer customers, particularly benefiting Chinese and global merchants with significant markets in Latin America. 

China has been Brazil's most important trading partner since 2009 and is one of the country's main sources of foreign investment.Brazil was the first Latin American country to exceed 100 billion dollars in exports to China and is China's largest trading partner in Latin America.In 2024, China's bilateral trade with Brazil grew 3.5% year-on-year, reaching about 188 billion dollars. 

When companies make cross-border payments, they often encounter challenges such as long shipping times, high costs and currency losses.An EBANX study and XTransfer it showed that in Brazil a transaction of this type can take up to 14 days to complete if done using conventional methods, this translates into a lower operational capacity of the companies, inefficiency and unexpected costs.

XTransfer is dedicated to providing foreign trade companies with secure, compliant, fast, convenient and low-cost cross-border payment and collection solutions, significantly reducing the cost of global expansion and increasing global competitiveness.With more than 600,000 company customers, XTransfer has become the number 1 industry in China.

Four decades of experience have made Ouribank a benchmark in the foreign exchange market.It is one of the pioneers of eFX technology and works with some of the largest foreign exchange fintechs in Brazil with FxaaS solutions since 2019. 

The two parties work together on Payment and Exchange Services.By integrating ouribank's infrastructure, XTransfer can now offer customers a wider range of local payment and fund collection options.Global foreign trade companies with an XTransfer account can now receive payments on Brazilian real (BRL) of its Brazilian consumers, which can pay Chinese and global suppliers in BRL via PIX without the complexities of exchange.

The new partnership between XTransfer and Ouribank benefits not only global foreign trade companies involved in Latin American markets, but also Brazilian companies working with international suppliers, especially those from China.

Bill Deng, Founder and CEO of XTransfer, said “a partnership with Ouribank marks an important milestone in our expansion in the Brazilian and Latin American markets.This collaboration not only drives the global growth of XTransfer, but also transforms the business experience of Latin American SMEs.We look forward to the long-term success of this alliance

Bruno Luigi Foresti, Director of Ouribank, said “In the foreign exchange and payments segment, we serve companies of all sizes, from small entrepreneurs to large corporations, including international financial institutions that offer payment services in Brazil.With the Hub, we are advancing in the payments technology sector, offering solutions that reduce friction in international transactions without compromising the tradition and experience we have built over more than four decades.We are confident that our partnership with XTransfer will bring significant benefits to both organizations.”