BBVA boosts international payments for enterprises with XTransfer

The bank strengthens its commitment to more agile and connected cross-border solutions in Europe, Latin America and Asia. The agreement improves operational efficiency and accelerates the development of new capabilities in payments, FX and liquidity management, in one of the fastest-growing trade corridors.

BBVA has signed a Memorandum of Understanding (MoU) with XTransfer, a global cross-border payment platform for SMEs, to strengthen its positioning in international payments and advance the development of more efficient solutions for companies with global operations.

The agreement comes amid strong momentum in trade flows between Asia, Europe and Latin America, with particular growth in the corridor between Asia and Latin America and, to a lesser extent, in markets such as Turkey. In this corridor, Asian enterprises are accelerating their international expansion and demanding more agile, efficient financial solutions tailored to complex operations. This momentum is reflected in the growth of flows in the region: according to XTransfer data, collections from Latin America on its platform increased by 94% year-on-year in 2025, highlighting the potential of this corridor and the need for more robust and scalable payment infrastructures.

In this context, BBVA strengthens its value proposition by combining its presence in key markets with global capabilities in payments, liquidity management and FX. The collaboration will optimize the execution and timing of cross-border transactions and reduce friction in managing collections and payments across multiple geographies while also driving the development of advanced technological capabilities such as APIs, virtual accounts and cash management solutions.

Ksenia Nekrasova, Global Sector Co-Head of TMT at BBVA, said: “Beyond the growth in flows, we are seeing a shift in how our clients operate: digital platforms with global, real-time and highly integrated needs. This agreement allows us to anticipate that evolution, strengthening our capabilities in the TMT space and supporting these clients in their international expansion with solutions designed for their scale and complexity.”

Bill Deng, Founder and CEO of XTransfer, said, “Latin America remains an active but underserved B2B trade corridor, where SMEs still encounter significant challenges. We are pleased to sign this MOU with BBVA, enabling us to leverage their expertise to bring X-Net’s infrastructure directly into the region. Together, we aim to simplify cross-border finance and improve the efficiency and inclusivity for global traders.”

With this initiative, BBVA strengthens its positioning in global payments and its ability to support companies with international operations in high-growth corridors, in an increasingly demanding and competitive environment.