XTransfer and BBVA Forge a New Digital Artery for Latin American Trade

MEXICO CITY – June 26, 2026

In the bustling conference halls of Money20/20 Europe in Amsterdam earlier this month, a quiet but significant agreement was signed. It wasn't a blockbuster merger, but a Memorandum of Understanding (MOU) that promises to reshape the trade landscape for hundreds of thousands of small businesses across Latin America. Bill Deng, Founder and CEO of fintech platform XTransfer, and Ksenia Nekrasova, Global Sector Co-Head of TMT at BBVA, formalized a partnership aimed at rewiring the very infrastructure of B2B cross-border payments.

This strategic alliance between a leading global financial group and a dominant B2B payment platform signifies a critical evolution in how global trade is conducted. For the small and medium-sized enterprises (SMEs) that form the backbone of the Latin American economy, this collaboration isn't just about technology; it's about opening doors to global markets that were previously difficult, expensive, and risky to access.

The Strategic Blueprint: Unclogging Global Trade Arteries

The MOU between XTransfer and BBVA is far more than a handshake deal; it is a blueprint for a new digital infrastructure. The collaboration aims to deepen the cross-border payment capabilities spanning the crucial trade corridors between Latin America, Europe, and Hong Kong SAR. By integrating their respective strengths, the two organizations plan to tackle the persistent friction points that plague international B2B transactions.

At the heart of the initiative is the plan to leverage advanced technology—including APIs, digital platforms, and virtual accounts—to create more automated, real-time, and seamless transaction processing. For an SME, this translates into moving away from slow, opaque payment systems toward a world of greater speed, predictability, and cost efficiency. The partnership is designed to streamline payment flows and enhance operational connectivity, boosting the scalability and reliability of financial services for businesses engaged in international trade.

This alliance strategically combines BBVA's deep-rooted presence and regulatory expertise across Latin America and Europe with XTransfer's agile, tech-driven network. XTransfer has built a formidable global B2B settlement and risk management network, dubbed "X-Net," which currently serves over 890,000 SMEs worldwide and processed over US$60 billion in 2025. By weaving this network into BBVA's established financial fabric, the partnership aims to offer the best of both worlds: the bank-grade resilience of a global financial institution and the user-centric efficiency of a leading fintech.

From Friction to Flow: Empowering the SME Engine

For the owner of a small manufacturing firm in Guadalajara or a growing exporter in São Paulo, the complexities of international trade often feel like a thousand tiny cuts. Fragmented local collection options, unpredictable foreign exchange (FX) rates, lengthy settlement cycles, and daunting compliance hurdles have historically acted as significant barriers to growth. These are precisely the challenges the XTransfer-BBVA partnership is designed to solve.

Data from XTransfer already shows a surging demand for better solutions, with payment collections from Latin America on its platform rising a staggering 94% year-on-year in 2025. This underscores a region hungry for growth and in need of modern financial tools. XTransfer's model directly addresses these pain points. In Mexico, for instance, it enables local collections in Mexican pesos (MXN), allowing local buyers to pay in their home currency while shielding global exporters from FX friction. Simultaneously, it provides Mexican enterprises with a single account for global payments to over 200 countries and regions, offering competitive FX rates and transparent fees.

The goal is to transform cross-border payments from a source of friction and anxiety into a seamless, predictable utility. By democratizing access to secure, compliant, and efficient payment capabilities, the collaboration levels the playing field, granting SMEs the kind of financial firepower traditionally reserved for multinational corporations. This is a tangible improvement in the lives of business owners, freeing up capital, reducing administrative burdens, and empowering them to compete on a global stage with greater confidence.

Mexico at the Crossroads: A Microcosm of Global Supply Chain Shifts

Nowhere is the need for this new infrastructure more apparent than in Mexico, a nation rapidly positioning itself as a critical hub in shifting global supply chains. The country's accelerating energy transition and rising demand for infrastructure are fueling a boom in two-way trade. This dynamic was on full display at the recent Expo Eléctrica International 2026 in Mexico City, where XTransfer had an active presence.

The buzz at the event, which is the region's premier exhibition for the power and energy sectors, wasn't just about turbines and transformers; it was about the financial wiring needed to connect them to the world. Mexican businesses in this sector are increasingly sourcing components from China, the U.S., and Europe, while Chinese exporters are looking for efficient ways to collect payments from their growing Mexican client base. XTransfer's on-the-ground engagement highlighted its role as a key facilitator in these intricate trade flows.

By providing a unified platform, the company helps a Mexican firm pay a supplier in Southeast Asia as easily as it collects payment from a buyer in the United States. This capability is essential for industries with complex, global supply chains. XTransfer's focus on Mexico is a strategic bet on the country's growing importance and a recognition that robust payment infrastructure is a prerequisite for realizing its full economic potential.

Building a More Inclusive Payment Network

In a crowded fintech market, XTransfer's strategy is one of symbiotic integration rather than pure disruption. By partnering with local banks and financial institutions across Brazil, Chile, Colombia, Mexico, and Peru, it extends its reach and reinforces its commitment to regulatory compliance. The collaboration with a global powerhouse like BBVA is the capstone of this approach, creating a powerful ecosystem that combines local access with global reach and security.

The ambition is clear: to build a more inclusive, efficient, and secure cross-border payment network for the B2B world. The challenges are significant, but the demand from a new generation of global-minded SMEs is undeniable. By laying down these new digital rails, the partnership is not just facilitating transactions; it is building a more resilient and accessible foundation for the future of global commerce.