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

XTransfer, the world-leading B2B cross-border payment platform and China's number 1, 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. Companies with an XTransfer account will be able to receive Pix transfers from Brazilian customers. 

China has been Brazil's most important trading partner since 2009 and is one of the main sources of Foreign Investment in the country. 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 3.51% year-on-year, reaching approximately 188 billion dollars. 

When companies make cross-border payments, they often encounter challenges such as long delivery times, high costs, and currency losses. A study by EBANX and XTransfer The term "XTransfer" does not appear to be a standard term in Portuguese or English. It could be a proprietary name, a technical term, or a term specific to a certain industry or context. Without additional context, it is challenging to provide an accurate translation. If "XTransfer" is a brand name or a specific product, it might not need translation as it is likely to be recognized as is in both languages. If you can provide more context about what "XTransfer" refers to, I can offer a more precise translation. showed that, in Brazil, A transaction of this type can take up to 14 days to be completed. 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 enhancing global competitiveness. With over 600,000 customers, XTransfer has become the industry leader 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 has been working with some of the largest foreign exchange fintechs in Brazil with FxaaS solutions since 2019. 

The two parties work together in Payment and foreign 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 in Brazilian Real (BRL) from your Brazilian consumers, which can pay Chinese and global suppliers in BRL via PIX (Note: BRL refers to the Brazilian Real, the currency of Brazil, and PIX is a real-time payment system in Brazil. The translation preserves the original meaning and context.) Without the exchange complexities.

The new partnership between XTransfer and Ouribank benefits not only global foreign trade companies involved in Latin American markets, but also Brazilian companies that work with international suppliers, especially those from China. This collaboration helps to simplify and promote cross-border trade transactions for Brazil.

For Bill Deng, founder and CEO of XTransfer, “The 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 commercial 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 Hub, we are advancing in the payment 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.”