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XTransfer and OCBC Jointly Announce Comprehensive Partnership

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“Global Multi-Currency Accounts” Empowers SMEs with New Market Opportunities

SHANGHAI, CHINA – Media OutReach Newswire – 20 December 2024 – XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, and OCBC, the second largest financial services group in Southeast Asia, jointly announced the comprehensive partnership. OCBC China will leverage the OCBC Group’s extensive regional network and resources in its key markets of Singapore, Hong Kong, Malaysia and Indonesia to collaborate with XTransfer to provide small and medium-sized enterprises (SMEs) engaging in international trade with one-stop innovative cross-border financial solutions, including payment, FX, risk control and wealth management. The Memorandum of Understanding was signed on 18 December 2024 by Bill Deng, Founder and CEO of XTransfer, and Ang Eng Siong, CEO of OCBC China.

Bill Deng, Founder and CEO of XTransfer (Left) and Ang Eng Siong, CEO of OCBC China (Right) at the MoU signing ceremony.

Bill Deng, Founder and CEO of XTransfer, stated, “This collaboration marks a significant milestone for XTransfer, greatly enhancing our global payment capabilities. By leveraging OCBC’s extensive global payment network, XTransfer saves a substantial amount of market costs and accelerates our business expansion in Southeast Asia, saving on local expansion efforts. XTransfer looks forward to expanding its business with OCBC in the future in a variety of areas, including wealth management and lending, and is looking forward to working with them to capture the vast opportunities in Greater China and ASEAN.”

Ang Eng Siong, CEO of OCBC China, said, “OCBC uses Singapore and Hong Kong as our twin-hubs, radiating out to Greater China and ASEAN regions. XTransfer’s business development plans in these areas align closely with our network layout. As XTransfer’s global account manager, OCBC China will support XTransfer and its clients in facilitating cross-border settlements through close collaboration with various business subsidiaries of the group. This will help meet the growing demand for cross-border development and business growth, helping them achieve their aspirations in Greater China and ASEAN.”

XTransfer and OCBC collaborate in several areas of cross-border business. In particular, XTransfer leverages the strong banking networks and service capabilities of OCBC to offer its customers the “Global Multi-Currency Account” provided by OCBC Hong Kong, allowing clients to make payments and collect funds globally. The Global Multi-Currency Account supports not only major currencies, such as the Renminbi, US Dollar, British Pound, Euro, etc., but also currencies from ASEAN and various countries and regions. This will benefit SMEs in foreign trade settlement in the corresponding countries and enhance global cross-border trade efficiency. The partnership will provide XTransfer’s over 550,000 clients and their buyers with more payment and collection options. Additionally, clients can make payments and collect funds through CHATS or FPS, the local clearing network in Hong Kong, offering convenience similar to local bank transfers.

In recent years, trade exchanges between China and ASEAN have become increasingly close. According to data from XTransfer, from January to September 2024, the amount received by small and medium-sized foreign trade enterprises on the XTransfer platform from ASEAN grew by 80% compared to the previous year. The partnership between XTransfer and OCBC will address this growth in international trade by SMEs, and help them capture opportunities in trade and capital flow between China and ASEAN.

XTransfer continues to build its global payment infrastructure for foreign trade through partnerships with renowned international banks and financial institutions. This partnership with OCBC brings XTransfer a new upgrade in its global payment infrastructure, offering substantial benefits to global cross-border traders. By utilising the Global Multi-Currency Account provided by OCBC Hong Kong, buyers can easily make payments in various currencies to overseas suppliers and collect funds from worldwide customers. This partnership is expected to enhance cross-border trade by significantly broadening the payment methods and scope for SMEs.

Hashtag: #XTransfer #OCBC #Partnership #SMEs #Crossborder #Payments





The issuer is solely responsible for the content of this announcement.

About XTransfer

XTransfer, World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, is dedicated to providing SMEs with secure, compliant, fast, convenient and low-cost foreign trade payment & fund collection solutions, significantly reducing the cost of global expansion and enhancing global competitiveness. Founded in 2017, the company is headquartered in Shanghai and has branches in Hong Kong SAR, the United Kingdom, the Netherlands, the United States, Canada, Australia, Singapore, Vietnam, Thailand, Malaysia, the Philippines, the UAE, Nigeria, etc. XTransfer has obtained local payment licenses in Hong Kong, the United Kingdom, the United States, Canada, and Australia. With more than 550,000 enterprise clients, XTransfer has become the industry No.1 in China.

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:

About OCBC

OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is one of the world’s most highly-rated banks, with Aa1 by Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
OCBC is the second largest financial services group in Southeast Asia by assets. The Group offers a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.
OCBC’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals. Its insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the leading asset management companies in Southeast Asia. Its brokerage subsidiary, OCBC Securities, is one of the leading securities firms in Singapore.
The Group’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has close to 420 branches and representative offices in 19 countries and regions.
For more information, please visit www.ocbc.com

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China-Singapore Youth Dialogue wraps up with focus on AI, innovation

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1 day ago

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29/03/2026

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SINGAPORE – Media OutReach Newswire – 29 March 2026 – The China-Singapore Youth Dialogue concluded in Singapore on March 25, bringing together young participants to exchange ideas on technology, culture and sustainability under the theme “Building Tomorrow: Youth Voices United.”

A total of 12 youth panelists from China and Singapore participate in three panel discussions at Asian Civilisations Museum in Singapore on March 25.(Photo: People’s Daily)

Co-organized by the People’s Daily and Lianhe Zaobao, the two-day event featured 12 young representatives who explored how their generation is shaping the future through innovation, cultural renewal and cross-border collaboration.

In the first panel, “Youth Driving Tech Innovation,” participants working in robotics, flying cars and data verification discussed both the opportunities and challenges of the AI era.

Tan Wei Hua, head of design at Singapore-based LionsBot International, addressed concerns over “AI anxiety” and its impact on jobs. “New jobs are going to be created. The next generation will be doing something entirely different,” he said, pointing to robotics as a growing field of opportunity.

Quah Zheng Wei, CEO and co-founder of Accredify, encouraged aspiring entrepreneurs to take the first step. With the tech industry evolving rapidly, he stressed that “nothing is holding you back.”

From an industry perspective, Michael Du, CFO and vice president of ARIDGE, said emerging technologies are expanding possibilities in everyday life. Meanwhile, Xu Huazhe, assistant professor at the Institute for Interdisciplinary Information Sciences at Tsinghua University, highlighted the strengths of younger generations: “With the correct taste, they will build the most meaningful things.”

The second panel, “Contemporary Renewal of Traditional Culture,” shifted focus from innovation to heritage. Artists and cultural practitioners in wood sculpture, paper art, jewelry design and journalism explored how tradition can be revitalized in modern contexts.

image-1.jpeg

Wood sculpture artist Deng Kun emphasized the importance of cultivating an eye for beauty, while Lianhe Zaobao arts and culture journalist Zhang Heyang described traditional culture as “a place of spiritual haven for today’s youth.”

Designer Longhong Ziwei, founder and art director of the accessory brand Soft Mountains, said engaging with Yi heritage has inspired her work and resonated with international audiences.

Singaporean paper and mixed media artist Koh Pei Li, drawing inspiration from everyday urban life, highlighted the value of noticing overlooked details. Through her work, she hopes to reconnect people with the subtle beauty around them.

In the final panel, “Jointly Building a Sustainable Future,” speakers from architecture, fashion, and marine conservation offered interdisciplinary perspectives on sustainability.

Chen Kan, principal architect of TAB Architecture and Design, spoke about the philosophy of “being-with” as a guiding principle. “We need a deeper capacity to coexist with others,” he said.

Goy Zhenru, principal architect of Goy Architects in Singapore, emphasized designing in harmony with nature. She highlighted the importance of connecting living spaces with natural elements such as breeze and sunlight to create comfort and environmental awareness.

Sam Shu Qin, co-founder of Our Singapore Reefs and Our Blue Spaces, who describes herself as “a gardener underwater,” expressed hope that younger generations will recognize their ability to give back to the ocean.

For fashion designer Chen Peng, founder of brand CHENPENG, sustainability is both cultural and practical. “It should be culture-based and do no harm to the earth. It’s not a choice, but a natural extension of philosophy,” he said.

The dialogue marked a step forward in media cooperation and people-to-people exchanges between China and Singapore. By amplifying youth perspectives, it showcased the innovative energy and collaborative potential of both countries, while helping to build a long-term platform for bilateral engagement and shared progress.

The issuer is solely responsible for the content of this announcement.

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Media OutReach

China-Singapore Youth Dialogue wraps up with focus on AI, innovation

Published

1 day ago

on

29/03/2026

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SINGAPORE – Media OutReach Newswire – 29 March 2026 – The China-Singapore Youth Dialogue concluded in Singapore on March 25, bringing together young participants to exchange ideas on technology, culture and sustainability under the theme “Building Tomorrow: Youth Voices United.”

A total of 12 youth panelists from China and Singapore participate in three panel discussions at Asian Civilisations Museum in Singapore on March 25.(Photo: People’s Daily)

Co-organized by the People’s Daily and Lianhe Zaobao, the two-day event featured 12 young representatives who explored how their generation is shaping the future through innovation, cultural renewal and cross-border collaboration.

In the first panel, “Youth Driving Tech Innovation,” participants working in robotics, flying cars and data verification discussed both the opportunities and challenges of the AI era.

Tan Wei Hua, head of design at Singapore-based LionsBot International, addressed concerns over “AI anxiety” and its impact on jobs. “New jobs are going to be created. The next generation will be doing something entirely different,” he said, pointing to robotics as a growing field of opportunity.

Quah Zheng Wei, CEO and co-founder of Accredify, encouraged aspiring entrepreneurs to take the first step. With the tech industry evolving rapidly, he stressed that “nothing is holding you back.”

From an industry perspective, Michael Du, CFO and vice president of ARIDGE, said emerging technologies are expanding possibilities in everyday life. Meanwhile, Xu Huazhe, assistant professor at the Institute for Interdisciplinary Information Sciences at Tsinghua University, highlighted the strengths of younger generations: “With the correct taste, they will build the most meaningful things.”

The second panel, “Contemporary Renewal of Traditional Culture,” shifted focus from innovation to heritage. Artists and cultural practitioners in wood sculpture, paper art, jewelry design and journalism explored how tradition can be revitalized in modern contexts.

image-1.jpeg

Wood sculpture artist Deng Kun emphasized the importance of cultivating an eye for beauty, while Lianhe Zaobao arts and culture journalist Zhang Heyang described traditional culture as “a place of spiritual haven for today’s youth.”

Designer Longhong Ziwei, founder and art director of the accessory brand Soft Mountains, said engaging with Yi heritage has inspired her work and resonated with international audiences.

Singaporean paper and mixed media artist Koh Pei Li, drawing inspiration from everyday urban life, highlighted the value of noticing overlooked details. Through her work, she hopes to reconnect people with the subtle beauty around them.

In the final panel, “Jointly Building a Sustainable Future,” speakers from architecture, fashion, and marine conservation offered interdisciplinary perspectives on sustainability.

Chen Kan, principal architect of TAB Architecture and Design, spoke about the philosophy of “being-with” as a guiding principle. “We need a deeper capacity to coexist with others,” he said.

Goy Zhenru, principal architect of Goy Architects in Singapore, emphasized designing in harmony with nature. She highlighted the importance of connecting living spaces with natural elements such as breeze and sunlight to create comfort and environmental awareness.

Sam Shu Qin, co-founder of Our Singapore Reefs and Our Blue Spaces, who describes herself as “a gardener underwater,” expressed hope that younger generations will recognize their ability to give back to the ocean.

For fashion designer Chen Peng, founder of brand CHENPENG, sustainability is both cultural and practical. “It should be culture-based and do no harm to the earth. It’s not a choice, but a natural extension of philosophy,” he said.

The dialogue marked a step forward in media cooperation and people-to-people exchanges between China and Singapore. By amplifying youth perspectives, it showcased the innovative energy and collaborative potential of both countries, while helping to build a long-term platform for bilateral engagement and shared progress.

The issuer is solely responsible for the content of this announcement.

Continue Reading

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Citri Mobile Expands Singapore Repair Network as Jurong and Yishun Demand Grow

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2 days ago

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29/03/2026

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Expansion strengthens access to fast, reliable device repair services across Jurong, Yishun, Tampines and Chinatown as demand for urgent technical support rises

SINGAPORE – Media OutReach Newswire – 29 March 2026 – Citri Mobile has expanded its Singapore repair network with stronger support in Jurong and Yishun, responding to rising demand for faster and more accessible device repair as device failures become increasingly disruptive to daily life.

A Citri Mobile technician performing internal diagnostics at a fully equipped repair station in Singapore.

What often begins as a minor inconvenience can quickly escalate. A phone may take longer to charge, a screen may flicker briefly before stabilising, or a laptop may run hotter than usual during routine use. These early signs are often ignored until the device stops functioning at a critical moment.

In recent months, technicians have observed a noticeable increase in cases involving sudden power loss, charging instability, motherboard-related faults and water damage. These issues often appear gradually before escalating into complete device failure, reflecting a broader shift in how modern devices behave under long-term usage.
Across Singapore, users are increasingly facing device failures at moments where immediate access is essential. A phone may stop responding during a payment, a transport app may fail to load before a journey, or a laptop may refuse to power on just before an important task. In such situations, the priority shifts quickly from convenience to restoring access in order to regain control of payments, communication and daily responsibilities.
Against this backdrop, Citri Mobile and its C3 Smart Repair by Citri Mobile outlets are strengthening support for customers dealing with urgent issues across smartphones, foldable devices, tablets, MacBooks and laptops.
In Jurong, these situations are often experienced during working hours and daily commutes. A phone that powers off unexpectedly mid-transaction or loses signal during navigation can create immediate disruption. In these moments, users searching for phone repair in Jurong often prioritise providers that are nearby, responsive and able to diagnose issues clearly without unnecessary delay.
In Yishun, the pattern frequently unfolds in residential settings. Devices that appear functional the night before may fail completely the next morning. A phone may not power on, a screen may remain black despite vibration, or a device may show signs of internal failure after minor exposure to moisture or accidental spills. When access to essential services is affected, the need for immediate local support becomes more urgent.
Water damage continues to be one of the more unpredictable causes of device failure. Even small amounts of moisture can lead to corrosion within internal components, affecting charging circuits, display connections or motherboard stability. In some cases, devices may continue to function temporarily before deteriorating rapidly over time.
At the same time, laptop and MacBook issues remain a significant concern, particularly for users who rely on their devices for work, study and communication. A MacBook that fails to power on, shuts down under load or shows inconsistent charging behaviour often indicates deeper issues such as logic board faults, battery degradation or power management instability.
For iPhone-related repairs, some users also look for providers that participate in Apple’s Independent Repair Provider programme, where applicable. Those seeking specialised support may explore iPhone repair in Singapore when reliability, diagnostics and parts compatibility are key considerations.
These issues are no longer isolated to one category of device. Similar underlying problems — including power IC faults, charging circuit instability and motherboard-level failures — can affect both smartphones and laptops. In many cases, users turn to providers offering broader device repair services in Singapore to address multiple concerns within a single visit.
In more complex cases, symptoms may appear inconsistent at first. A device may turn on intermittently, charge irregularly, or shut down without warning before failing entirely. These patterns often require careful diagnosis rather than immediate part replacement, particularly when internal board-level issues are involved.
Across Singapore, from Jurong and Yishun to Tampines and Chinatown, users increasingly choose repair providers that are close by, familiar and capable of handling both straightforward and complex faults with dependable turnaround. Customers in the northern region may also rely on nearby options such as mobile repair in Yishun for quicker access.
Citri Mobile said its recent expansion reflects a broader shift in customer expectations, where speed, clarity and reliability play a more significant role in decision-making.
“People usually start searching seriously when the problem stops them from doing something important,” a Citri Mobile spokesperson said. “Once payments, work access or communication are affected, the decision becomes immediate. They want a nearby solution they can trust.”
Citri Mobile operates across multiple Singapore locations under both Citri Mobile and C3 Smart Repair by Citri Mobile, supporting a wide range of repair needs from screen and battery replacements to charging issues, water damage recovery and motherboard-level repairs.
The company’s recent milestones include recognition as a Carousell Preferred Partner, receipt of the Carousell Best Service Award 2025, CaseTrust accreditation, and participation in Apple’s Independent Repair Provider programme for iPhone-related repair support.
With stronger coverage in Jurong and Yishun, alongside continued support in Chinatown and Tampines, Citri Mobile aims to improve access to timely and reliable device repair services for customers across the wider Singapore market.

Hashtag: #CitriMobile #SingaporeRepair #Jurong #Yishun





The issuer is solely responsible for the content of this announcement.

C3 Smart Repair By Citri Mobile

Citri Mobile is a Singapore-based device repair provider serving customers across multiple locations, including Jurong, Yishun, Chinatown and Tampines. The company operates outlets under both Citri Mobile and C3 Smart Repair by Citri Mobile, supporting smartphones, foldable devices, tablets, MacBooks and laptops.
Its services cover a wide range of issues, including screen and battery replacements, charging faults, water damage recovery and motherboard-related repairs, with a focus on accurate diagnostics and reliable turnaround.
Citri Mobile is a Carousell Preferred Partner, recipient of the Carousell Best Service Award 2025, CaseTrust-accredited, and part of Apple’s Independent Repair Provider programme for iPhone repairs.

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