Media OutReach
XTransfer and Bank SinoPac Announce Partnership at Hong Kong FinTech Week
“Local Accounts” Help SMEs Reduce FX Losses
HONG KONG SAR – Media OutReach Newswire – 5 November 2025 – XTransfer, World’s Leading B2B Cross-Border Trade Payment Platform and Bank SinoPac, acting through its Hong Kong Branch (hereinafter referred to as the Bank SinoPac Hong Kong Branch) are pleased to announce a comprehensive collaboration. The two parties will jointly expand international operations and provide SMEs engaging in international trade with one-stop cross-border financial solutions, including global and local collections, foreign exchange conversion and FX settlement. Coinciding with Hong Kong FinTech Week 2025, Bill Deng, Founder and CEO of XTransfer, and Lin Chia Yun, Chief Executive of Bank SinoPac Hong Kong Branch, officially signed a memorandum of understanding at the XTransfer booth.
XTransfer is set to collaborate closely with Bank SinoPac Hong Kong Branch in multiple phases to enhance cross-border payment solutions. In the initial phase, with the support of robust network and service capabilities from Bank SinoPac Hong Kong Branch, XTransfer will offer its more than 700,000 customers Global Accounts, Local Currency Accounts, and Foreign Exchange (FX) services. Moving forward, the partnership plans to extend into Vietnam, Taiwan and other regions, allowing customers to settle foreign currency proceeds to Chinese Mainland.
With the “Local Currency Accounts” service, XTransfer customers can receive payments directly from buyers in their local currency. This avoids foreign exchange losses that often occur from currency conversions imposed by intermediary banks during remittance. Additionally, buyers in various markets can pay in their own local currencies, which greatly reduces remittance costs and enhances transaction efficiency and cash flow for both parties.
This comprehensive partnership not only adds more functionality for XTransfer’s customers but also helps Bank SinoPac expand its business and reach a broader customer base by working with XTransfer, the B2B industry leader with a leading number of clients.
Bill Deng, Founder and CEO of XTransfer, said, “We are delighted to announce our comprehensive collaboration with Bank SinoPac Hong Kong Branch during Hong Kong FinTech Week. This marks a new starting point in upgrading XTransfer’s service. With more robust local collection and multi-currency settlement capabilities, we will make cross-border payments faster, cheaper, and more reliable, helping SMEs connect with global markets at lower costs and higher efficiency. Meanwhile, we will continue to enhance compliance and risk management to build a trusted cross-border financial infrastructure.”
Lin Chia Yun, Chief Executive of Bank SinoPac Hong Kong Branch, said, “Bank SinoPac has long been committed to providing innovative and diversified financial solutions. We look forward to this collaboration with XTransfer. It is not only a business alliance but also our shared commitment to creating value for the market. We believe that through our joint efforts, we can deliver better services and experiences to our customers. Looking ahead, we will continue to deepen cooperation and create more possibilities together.”
Hashtag: #XTransfer #BankSinopac #Crossborder #Payment #SMEs #HKFTW
https://www.xtransfer.com
https://www.linkedin.com/company/xtransfer.cn
https://x.com/xtransferglobal
https://www.instagram.com/xtransfer.global
The issuer is solely responsible for the content of this announcement.
About XTransfer
XTransfer, the world-leading and China’s No.1 B2B Cross-Border Trade Payment Platform, is dedicated to providing small and medium-sized enterprises (SMEs) with secure, compliant, fast, convenient and low-cost foreign trade payment and fund collection solutions, significantly reducing the costs 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, and Nigeria. XTransfer has obtained local payment licences in the Chinese Mainland, Hong Kong SAR, Singapore, the United Kingdom, the Netherlands, the United States, Canada, and Australia. To date, XTransfer serves over 700,000 enterprise clients worldwide.
By cooperating with well-known multinational banks and financial institutions, XTransfer has built a unified global multi-currency clearing network and a data-based, automated, internet-based and intelligent anti-money laundering risk control infrastructure centred on SMEs. XTransfer uses technology as a bridge to link large financial institutions and SMEs 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 has 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, please visit: https://www.xtransfer.com/
About Bank SinoPac
Bank SinoPac actively expands toward a global market, establishing 3 branches in the Hong Kong/Macau area, in Hong Kong, Kowloon, and Macau. In the first quarter of 2014, Bank SinoPac further established a new subsidiary, Bank SinoPac (China) Ltd, and a branch in Nanjing, China, becoming the first wholly-owned subsidiary in China by a Taiwanese bank. In January, 2025, Bank SinoPac acquired 80% equity in Amret Plc., the largest Microfinance Deposit-Taking Institutions in Cambodia. Complemented by service points around the Pacific Rim, including Los Angeles in the United States and Ho Chi Minh City and Hanoi in Vietnam, Bank SinoPac has formed a strong and extensive service network, providing customers with comprehensive and all-encompassing services.
Topuria officially joined the global 1win VIP Community on June 2, becoming part of the brand’s exclusive project that unites prominent figures from sports, music, and entertainment. Two weeks later, he is set to headline UFC Freedom 250 against Justin Gaethje in a lightweight title unification bout in the White House. The event is already being described as one of the most memorable spectacles in combat sports history.
“It’s not gonna be the biggest in UFC history – it’s gonna be one of the biggest events in sports history,” Topuria said ahead of the fight.
The bout marks the first defense of the lightweight title Topuria captured last year when he knocked out former champion Charles Oliveira to become only the tenth fighter in UFC history to win titles in two different weight classes. Holding a professional record of 17-0-0, “El Matador” Topuria enters the contest looking to further cement his legacy.
Known for his confidence and tireless pursuit of excellence, Topuria believes success is built on preparation rather than chance, a mindset that aligns closely with the philosophy behind the 1win VIP Community.
“Life is a game. Most people sit and hope for luck. I find it inefficient. I prefer control and precision, because when you set your own rules, winning stops being a surprise. If that’s your way of life, you’re welcome at my table with 1win,” stressed Topuria upon joining the 1win VIP community.
The fighter has repeatedly demonstrated confidence ahead of his clash with Gaethje, emphasizing his discipline, hard work, and dedication.
Ilia Topuria joins a growing roster of internationally recognized athletes and entertainers engaging with 1win, including 1win VIP member, rapper Tyga, and brand ambassadors and UFC fighters Jon Jones, Gable Steveson, and Ignacio Bahamondes.
Hashtag: #1win
The issuer is solely responsible for the content of this announcement.
About 1win
1win is an international entertainment platform operating across multiple markets worldwide. Through partnerships with internationally recognized athletes and celebrities, the company creates engaging experiences and premium content for audiences worldwide.
This year’s forum is an important supporting event of the 18th Cross-Strait Forum. During the event, nine Fujian-Taiwan financial integration projects were signed, with a total value of RMB 9.1 billion. The projects cover a wide range of financial services across areas including cross-strait industrial cooperation, water supply security for public welfare, capacity upgrades for long-established Taiwan-funded enterprises, technology and innovation industries, and modern agriculture. These initiatives continue to unlock the benefits of financial policies, promote shared access to financial resources for Taiwan compatriots and Taiwan-funded enterprises, and inject new momentum into industrial integration between Fujian and Taiwan.
At the forum, the Cross-Strait Wealth and Asset Management Cross-Sector Alliance was officially inaugurated. Supported by Jinyuan Group and jointly proposed by its affiliated financial institutions, the alliance was co-founded by Xiamen International Trust, Jinyuan Uni-President Securities, Yuanxin Yongfeng Fund, Fubon Bank (China), Junlong Life Insurance, and Xiamen Chang Gung Hospital, among others. Centered on serving the wealth management and asset management needs of people on both sides of the Taiwan Strait, the alliance aims to build a one-stop service platform covering asset allocation for Taiwan compatriots and Taiwan-funded enterprises on the mainland, family trusts and wealth succession planning, pension finance, and healthcare protection solutions.
The forum also unveiled a series of innovative financial achievements related to Taiwan. The banking industry’s first group standard dedicated to Taiwan-related financial services on the mainland, the “Specification for Taiwan-Related Financial Services of Banking Financial Institutions,” was officially released. At the same time, the “Bailufen” Taiwan Compatriot Financial Service Platform was introduced, further enhancing financial services for Taiwan compatriots living in Fujian and supporting the development of Taiwan-funded enterprises.
Hashtag: #StraitsFinancialForum
The issuer is solely responsible for the content of this announcement.
Media OutReach
Verdant Rock Receives BBB+ Long-Term Insurer Financial Strength Rating with a Stable Outlook from Fitch Ratings
“The infrastructure and capital markets we are targeting have been systematically underserved over the past decade. Verdant Rock enters this space with an investment grade rating, a strong capital position, the regulatory standing, the technical capability, and the long-term commitment that issuers and their advisers have been unable to find elsewhere.”
— Tolga Uzuner, Co-Founder, Chief Executive Officer, Verdant Rock Limited
The Fitch Ratings report can be accessed here:
Fitch Rates Verdant Rock at ‘BBB+’; Outlook Stable
Verdant Rock’s Class 3B registration can be verified via the BMA’s register of regulated entities (search “Verdant Rock”): https://www.bma.bm/regulated-entities
Notes to editors: For the May 2026 licensing announcement, see https://bernews.com/2026/05/walkers-supports-verdant-rock-licensing/
This announcement is (i) for information only; (ii) not an offer or solicitation to buy or sell any security, insurance product, or financial guarantee; and (iii) not for distribution in any jurisdiction where to do so would be unlawful. Forward-looking statements are not guarantees of future results, and Verdant Rock undertakes no obligation to update them. A credit rating is not a recommendation to buy, sell or hold any security and may be subject to revision, suspension or withdrawal at any time by the assigning rating agency.
Hashtag: #VerdantRock
The issuer is solely responsible for the content of this announcement.
ABOUT VERDANT ROCK
Verdant Rock Limited is a Bermuda-based insurance company, regulated by the Bermuda Monetary Authority, providing Basel III and Solvency II compliant financial guarantees in emerging markets, designed to qualify as eligible credit protection under Basel and major insurance solvency regimes, for the benefit of institutions globally.
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