General

Recently, XTransfer's 2nd National Foreign Trade New Year's Eve speech was held in Shanghai. Deng Guobiao, founder and CEO of XTransfer, said that the new crown epidemic has brought many changes to international trade, one of which is notable: the blockade of international exchanges has accelerated the transfer of foreign trade business from offline to online. Digital technology and way of thinking will be integrated into all aspects of foreign trade, fully embracing digitalization, which has become the consensus of every foreign trade person.

According to data released by the General Administration of Customs on January 14, in 2021, the total import and export value of my country's trade in goods will reach 39.1 trillion yuan, a year-on-year increase of 21.4%, and the scale has reached a record high. At the same time, public data shows that in the past five years, the scale of my country's export cross-border e-commerce has increased by nearly 10 times.

At the scene, economist Ma Hongman made his prediction: "From the perspective of transaction scale and package volume, cross-border e-commerce has entered a growth period with scale effects, and its volume is sufficient to support the management and technological upgrading of cross-border logistics. From the perspective of incremental trends, cross-border e-commerce exports are expected to maintain a growth rate of 30% in the next five years."

Regarding the payment field in the cross-border e-commerce field, Analysys recently released the "2021 China Cross-border Payment Industry Digital Special Analysis" (hereinafter referred to as "analysis"). "Analysis" shows that compared with the rapid development of personal consumer payment, B2B cross-border payment involves multiple institutions and links, and the payment procedures are more complicated. At the same time, "Analysis" believes that representative third-party B2B cross-border payment institutions such as XTransfer are powerful supplements to traditional financial institutions, and can help small, medium and micro foreign trade enterprises solve their difficulties in opening accounts, low capital flow efficiency and cost. problems, etc.

Deng Guobiao said that XTransfer is a B2B digital cross-border payment and risk control platform, dedicated to providing strong support for the global competition of China's entire industrial chain. "We have built a set of global treasury management platform for small, medium and micro foreign trade enterprises that can only be owned by large multinational corporations in the past. Using digital technology, we can greatly reduce the explicit settlement cost of cross-border trade. At the same time, we have established a digital, automated and Internet-based and intelligent risk control infrastructure to escort the development of small, medium and micro foreign trade enterprises.” In addition, XTransfer will also launch a CRM system for small, medium and micro foreign trade enterprises in 2021. This management tool connects products, customers, business opportunities and transactions in Together, it closely integrates foreign trade business scenarios and provides a series of value-added services to help enterprises quickly realize digital management.

In terms of service scale, Deng Guobiao announced on the spot that XTransfer has served more than 200,000 small, medium and micro foreign trade enterprises. "Foreign trade is essentially establishing connections. What XTransfer wants to do is to make every connection deliver the greatest value."