XTransfer, a B2B cross-border trade payment platform, inaugurated a new office in Malaysia late last week, positioning the country as a strategic hub for its Southeast Asia operations and deepening its localized presence across the region.

In a statement last Friday, XTransfer said the opening ceremony featured the attendance of leaders from major Malaysian banks and financial institutions, with ribbon-cutting guests including Winnie Wong, Director of Financial Institutions Group at Maybank; Sylvia Wong, Regional Head at CIMB; Daphne Yoo, Director at OCBC; and XTransfer’s Malaysia team.

The new office can help XTransfer extend its reach across the Asia-Pacific market and accelerate regional business expansion, providing Malaysian SMEs engaged in international trade with cross-border payment and collection solutions, the trade payment platform said.

In February 2026, XTransfer received conditional approval from Bank Negara Malaysia for key payment licenses. Upon completing the pre-issuance conditions and being permitted to launch, the company will introduce digital payment services to support businesses, particularly SMEs engaged in international trade.

Bank representatives at the event said they look forward to deepening collaboration with XTransfer, improving localized settlement networks, and jointly promoting the development of the cross-border payments ecosystem.

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