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XTransfer Partners with BNP Paribas to Simplify Cross-Border Payments at Money20/20 Europe

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AMSTERDAM, THE NETHERLANDS – Media OutReach Newswire – 10 June 2025 – XTransfer, the world’s leading and China’s No.1 B2B cross-border trade payment platform, and BNP Paribas, the European Union’s leading bank, have signed a landmark Memorandum of Understanding (MOU) to roll out comprehensive cross-border financial services during Money20/20 Europe in Amsterdam. This collaboration aims to reduce the cost and processing time of cross-border payments for XTransfer’s clients, particularly benefiting global traders with significant markets in the Eurozone.

The signing ceremony was held at Money20/20 Europe, with senior representatives from both companies in attendance. The MOU was signed by Bill Deng, Founder and CEO of XTransfer, and Bruno Mellado, Global Head of Payments and Receivables at BNP Paribas, marking a significant milestone in their strategic partnership.

Bill Deng, Founder and CEO of XTransfer (Left), and Bruno Mellado, Global Head of Payments and Receivables at BNP Paribas (Right), at the ceremony.

China and the EU are each other’s major trading partners. In terms of bilateral trade, according to China’s customs, the total import and export of goods between China and the EU in 2024 was US$785.8 billion, representing a 0.4% year-over-year increase. The EU is China’s third-largest export destination and second-largest import source, while China remains the EU’s largest import source and third-largest export destination.

The partnership between XTransfer and BNP Paribas is set to simplify cross-border payment solutions for European SMEs engaged in international trade. By leveraging BNP Paribas’ extensive network across Europe, XTransfer will empower its Chinese clients to collect funds in Euros seamlessly, while assisting European SMEs in making direct payments in Euros to reduce foreign exchange complexities and enhance transactional efficiency. This partnership is expected to expand further, with plans to introduce even more currency options in the near future.

Bill Deng, Founder and CEO of XTransfer, said, “It is a great honour to join hands with BNP Paribas. This MOU reflects our mutual ambition to empower SMEs with enhanced cross-border financial solutions. As we continue to grow our European footprint, partnerships like this are instrumental in building robust, compliant, and innovative financial infrastructure for international trade.”

Bruno Mellado, Global Head of Payments and Receivables at BNP Paribas, added, “By combining BNP Paribas’ extensive European network with XTransfer’s expertise in B2B cross-border trade payments, we aim to simplify international trade transactions, reduce costs, and enhance the global competitiveness of our clients. This partnership marks a significant step forward in our mission to provide innovative and efficient financial solutions for businesses operating in the global market.”

The partnership is designed to facilitate seamless trade between SMEs in China and European countries, at the same time streamlining foreign trade transactions between European businesses and their global partners. By simplifying cross-border payments and reducing transactional complexities, this collaboration will lower the costs associated with global trade and significantly enhance the global competitiveness of European SMEs.
Hashtag: #XTransfer #BNPParibas #Money2020EU #Crossborder #Payment #SMEs





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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 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, and Nigeria. XTransfer has obtained local payment licenses in Mainland China, Hong Kong SAR, Singapore, the United Kingdom, the Netherlands, the United States, Canada, and Australia. With more than 600,000 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 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 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.

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BNP Paribas
Leader in banking and financial services in Europe, BNP Paribas operates in 64 countries and has nearly 178,000 employees, including more than 144,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Türkiye, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.

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Vingroup And Kinshasa Strengthen Comprehensive Cooperation in Green Mobility

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KINSHASA, CONGO – Media OutReach Newswire – 29 December 2025 – Vingroup today announced the signing of a trilateral Memorandum of Understanding (MoU) with Kinshasa (Democratic Republic of Congo) and Exposure SARL, establishing a comprehensive cooperation framework to support the development of a sustainable, modern, and accessible urban transportation system in Kinshasa. The agreement represents an important step forward in advancing urban infrastructure modernization and accelerating the green transition in the capital of the Democratic Republic of Congo.

From left to right: Mr. Fely Lukwaka Samuna, Director of Exposure Sarl; Ms. Nguyen Hoang Phuong, CEO of Vingroup Africa; Mr. Fiston Lukwebo Musengo, Provincial Minister for Public–Private Partnerships, Trade and Industry; and Mr. Jésus-Noël Sheke Wa Domene, Provincial Minister for Planning, Budget, Transport and Urban Mobility, at the signing ceremony.

Under the MoU, Vingroup, Exposure, and the City of Kinshasa, through its relevant authorities, will collaborate to study and promote the procurement and deployment of VinFast’s fully electric vehicles, including electric buses, electric cars, and electric scooters, to meet the transportation needs of the city and its residents. In parallel, the parties will jointly develop a comprehensive electric mobility ecosystem encompassing charging infrastructure and after-sales services.

To support the transition to electric mobility, the cooperation will focus on modernizing and greening Kinshasa’s transportation system across public transport services, mobility solutions for government officials and civil servants, and transportation options for the general public.

Vingroup, through its subsidiary VinFast, will provide detailed commercial and technical proposals for vehicle fleets, including buses, cars, and scooters. Exposure will be responsible for developing a detailed preliminary business plan for vehicle procurement and infrastructure development, as well as initiating the necessary local administrative and legal procedures for importation, distribution, and operations. Meanwhile, the City of Kinshasa will review and propose appropriate incentive mechanisms, covering tax policies, regulatory frameworks, and access to infrastructure, to encourage the development and adoption of green mobility. A designated focal authority will also be appointed to manage and oversee the electric bus fleet.

During the initial phase, expected to run from now through the end of Q1 2026, the parties have agreed on a roadmap to conclude formal contracts to operationalize the above objectives. Under this roadmap, VinFast is expected to supply approximately 500 electric buses and 1,000 electric cars for public fleet operations in Kinshasa. Over the same period, VinFast and Exposure plan to implement supply and distribution agreements to introduce between 10,000 and 20,000 electric cars and between 50,000 and 100,000 VinFast electric scooters to the local market.

In pursuit of a comprehensive green ecosystem, the parties will cooperate in developing an extensive charging station network and an authorized service workshop system, ensuring stable operations and convenience for electric vehicle users.

Specifically, Vingroup reaffirmed its commitment to sustainable development and positive local impact through knowledge transfer and human resource development. These initiatives include training programs for drivers, technicians, and on-site operations personnel, as well as technical design support for electrified transportation infrastructure. Exposure will undertake technical and economic assessments of the charging network and vehicle maintenance and repair facilities. For its part, the City of Kinshasa has committed to supporting land allocation, identifying locations for charging stations, and ensuring reliable power supply solutions, thereby establishing a solid infrastructure foundation for Vingroup’s green mobility ecosystem in the city.

Mr. Jésus-Noël SHEKE WA DOMENE, Provincial Minister of Planning, Budget, Public Service, Employment, Tourism, Transport and Urban Mobility, representative of the City of Kinshasa stated: “The City of Kinshasa highly values our cooperation with Vingroup in advancing green and smart mobility solutions. This is a strategic step aligned with the city’s sustainable urban development vision, aiming to reduce environmental impacts, improve transportation infrastructure, and deliver long-term benefits to our citizens. We believe this partnership will help transform Kinshasa into a dynamic, modern, and livable city in the region.”

Mrs. Phuong NGUYEN, General Director of Vingroup Africa shared: “Vingroup is honored to partner with the City of Kinshasa on the journey toward building a modern, civilized, and sustainable living environment. The deployment of green and smart mobility solutions will not only gradually transform Kinshasa’s urban transportation landscape, but also create long-term, tangible value by improving quality of life for residents and supporting the city in achieving its future sustainable development goals.”

Previously, the Government of Kinshasa and Vingroup also signed a Memorandum of Understanding to explore large-scale urban development projects in the Democratic Republic of Congo. Under the MoU, the two parties will jointly study and develop a large riverside urban project covering approximately 6,300 hectares, strategically located within the capital’s urban expansion plan.

The mega urban development is expected to include residential areas, villas, hospitals, schools, shopping centers, hotels, entertainment complexes, and future government and ministerial offices, positioning it as a new tourism destination and a landmark of Kinshasa’s development. The city is expected to allocate land for the project in accordance with the agreed cooperation framework.

These strategic agreements underscore Vingroup’s international vision and growing global presence, reaffirm its pioneering role in green mobility, and further deepen economic cooperation between Vietnam and the Democratic Republic of Congo, as both countries pursue green growth and sustainable development.

Vingroup is Vietnam’s largest private conglomerate, operating across six core sectors: Industrials & Technology, Real Estate & Services, Infrastructure, Green Energy, Culture and Social Enterprises, guided by the vision of “To Create a Better Life for People”.

With a strong track record, scale, and proven capabilities, Vingroup continues to expand its international footprint. The Group was recognized by TIME magazine (USA) in the “TIME World’s Best Companies 2025” list, ranking among the world’s top 1,000 companies for outstanding contributions to sustainable development, innovation, and global impact.Hashtag: #Vingroup

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Security Tokenization Enters Operational Phase: BGEANX Exchange Enables Full Transaction and Settlement Workflow

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COLORADO, US – Media OutReach Newswire – 29 December 2025 – Recently, BGEANX Exchange announced that its security tokenization trading system has been completed and officially launched. The system has enabled seamless operation across key links such as trading and settlement, reflecting substantial progress by BGEANX in RWA (Real World Asset) related business.

For a long time, security tokenization has been regarded as an important direction for connecting traditional finance and the crypto industry. The challenge lies not in technological implementation, but in whether it can follow the settlement logic of mature securities markets. Without unified standards, it is often difficult to operate at scale and in compliance.

In this newly launched security tokenization system, BGEANX has integrated with the DTCC (Depository Trust & Clearing Corporation) settlement framework, making the transaction, asset registration, clearing process, and operational mechanism of digital securities complete and closely aligned with the logic of traditional securities markets.

Notably, BGEANX Exchange has simultaneously established a business rule system that matches the attributes of securities. In key areas such as product structure, investor access, information disclosure, and trading restrictions, it has introduced regulatory logic from traditional securities markets, providing clearer boundaries and rules.

On the user experience side, investors can participate in stock and ETF trading and portfolio management within a unified account system. This convenient experience lowers the operational barriers between different asset systems and enhances the ease of asset allocation.

Industry analysts point out that a security tokenization system built according to DTCC settlement logic is easier for traditional financial institutions and professional investors to understand, helping to narrow the institutional gap between digital assets and traditional securities markets.

With the official launch of the security tokenization system of BGEANX Exchange, digital securities have moved from conceptual exploration into practical operation, providing a reference pathway for the continued advancement of security tokenization.

Hashtag: #BGEANX

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Security Tokenization Moves Toward Practical Adoption, BGEANX Exchange Highlights Compliance Framework

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COLORADO, US – Media OutReach Newswire – 29 December 2025 – According to market sources, the security tokenization trading system of BGEANX Exchange has been completed and officially launched. Compared to earlier platforms that focused mainly on “on-chain” solutions, the present-day market cares more about whether related products have clear rules, stable operational capabilities, and can meet the needs of ordinary users.

As a future trend in finance, investors are most concerned with the operating rules and settlement mechanisms of security tokenization. Public information shows that BGEANX Exchange has introduced DTCC (Depository Trust & Clearing Corporation) standards, completing the processes of trading, registration, clearing, and settlement—giving security tokens a clear operational order within the platform.

The security tokenization products of BGEANX Exchange offer explicit rules at the regulatory level. Before participating in trading, users can clearly understand asset trading restrictions, settlement methods, and information disclosure requirements. For professional users, the clarity of these rules provides a more stable foundation for trading strategies and risk management arrangements.

Market participants point out that the key to broader market participation in security tokenization is having a sound operational mechanism. When trading, settlement, and rule disclosure form a unified system, security-type digital assets come closer to the form of financial products that can operate sustainably over the long term.

Amid the continuous emergence of RWA products, the security tokenization system of BGEANX Exchange is regarded as one of the most mature product models. From its launch, the system has incorporated compliance requirements, rule disclosures, and risk controls into a unified framework, enabling security-type digital assets to operate stably within a regulated structure. This provides a clear reference for the long-term development of security tokenization in the crypto industry.

Hashtag: #BGEANX

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