Money
XTransfer Joins the Middle East Delegation of Hong Kong SAR
Thursday, 16 May 2024 12:25 PM MYT
Explores Local Development Opportunities
Head of XTransfer Hong Kong Branch, Neil Ni (sixth from right to left), participated in the Middle East Delegation of Hong Kong SAR.
The delegation was led by the Hong Kong Financial Services and the Treasury Bureau, the Hong Kong Financial Services Development Council, and Invest Hong Kong. Under Secretary for Financial Services and the Treasury of HKSAR, Joseph Chan, Executive Director of Financial Services Development Council, King Au, Global Head of Financial Services and Fintech of Invest Hong Kong, King Leung, and Head of Fintech of Cyberport, Victor Yim, were among the attendees. Neil Ni, Head of XTransfer Hong Kong Branch, participated as a member of the delegation.
The Middle East presents booming business opportunities and enormous market potential. Hong Kong plays a crucial role in the Belt and Road cooperation between the Middle East and China, serving as a significant bridge for economic exchanges. During the visit, XTransfer joined a delegation of over 50 representatives from the financial and fintech industries. The activities included participating in the Dubai Fintech Summit, meetings with the Department of Economic Development and Tourism in Dubai, and the Abu Dhabi Global Market.
Head of XTransfer Hong Kong Branch, Neil Ni, stated, "We are honoured to participate in this exchange activity, which provides us with an opportunity to gain an in-depth understanding of the Middle Eastern market and explore business collaboration opportunities. Apart from actively engaging with local government agencies during the visit, we also had in-depth discussions on cooperation opportunities with local virtual banks and payment institutions. Our company is actively setting up offices in the Middle East and applying for local payment licenses. With the accelerated pace of XTransfer's internationalisation, SME foreign trade enterprises worldwide, including those in the Middle East, will enjoy a secure, convenient, and cost-effective cross-border payment solution. XTransfer will continue to be rooted in Hong Kong and leverage its strengths to contribute to global trade development."
Hashtag: #XTransfer #HK #Fintech #MiddleEast
https://www.xtransfer.com
https://www.linkedin.com/company/18215108/
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The issuer is solely responsible for the content of this announcement.
About XTransfer
By cooperating with well-known multinational banks and financial institutions, XTransfer has built a unified global multi-currency clearing network and built a data-based, automated, Internet-based and intelligent anti-money laundering risk control infrastructure centred on small and medium enterprises. XTransfer uses technology as a bridge to link large financial institutions and small and medium enterprises around the world, allowing SMEs to enjoy the same level of cross-border financial services as large multinational corporations.
XTransfer completed its Series D financing in September 2021 and achieved unicorn status. The Company possesses a diverse composition of international investors, including D1 Capital Partners LP, Telstra Ventures, China Merchants Venture, eWTP Capital, Yunqi Capital, Gaorong Capital, 01VC, MindWorks and Lavender Hill Capital Partners.
For more information, https://www.xtransfer.com/
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