XTransfer and BBVA Team Up to Boost Cross-Border Payments in Latin America and Europe — XTRANSFER INC.

Event summary

XTransfer and BBVA signed an MOU on June 3, 2026, during Money20/20 Europe 2026 in Amsterdam to enhance cross-border payment infrastructure across Latin America and Europe.
The partnership aims to integrate FX conversion, local payments, and cross-border payments, leveraging APIs, digital platforms, and virtual accounts for more automated and real-time transactions.
XTransfer's network includes over 897,000 SME clients worldwide, while BBVA's strong presence in Latin America and Europe will strengthen XTransfer’s reach and competitive position.
XTransfer data shows a 94% year-over-year increase in payment collections from Latin America in 2025, highlighting the region's growth potential.

The big picture

The partnership between XTransfer and BBVA comes at a time when trade between China and Latin America is expanding rapidly. By combining XTransfer’s global B2B cross-border trade payment platform with BBVA’s strong regional presence, the collaboration aims to tackle significant hurdles faced by SMEs, including slow onboarding, FX constraints, and complex compliance. This strategic move is poised to enhance the scalability, efficiency, and reliability of cross-border financial services for SMEs engaged in international trade.

What we're watching

Market Expansion: How the partnership will affect XTransfer’s market penetration in Latin America and Europe, particularly in high-growth corridors for Chinese exporter settlements.
Technological Integration: The pace at which XTransfer and BBVA can integrate their technologies to deliver seamless, real-time cross-border financial solutions.
Regulatory Compliance: Whether the collaboration can effectively address compliance challenges and streamline onboarding processes for SMEs in the region.