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XTransfer and Banking Circle Announce Strategic Partnership

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Collaboration Set to Boost Payment Capabilities for Importers/Exporters in Europe and the Middle East

HONG KONG, June 11, 2024 /PRNewswire/ — XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, and Banking Circle, the innovative tech-driven Payments Bank, have entered into a strategic partnership. This collaboration aims to reduce the cost and processing time of cross-border payments for XTransfer’s clients, particularly benefiting Chinese suppliers with significant markets in Europe and the Middle East.

Both XTransfer and Banking Circle are committed to minimising the cost associated with global trade payments. XTransfer focuses on providing SMEs with secure, compliant, fast, and cost-effective cross-border payment and fund collection solutions, thereby enhancing global competitiveness and facilitating international expansion. Banking Circle has established a comprehensive local clearing network for major currencies and an effective FX engine supporting 24 currencies, ensuring quick, low-cost payments without hidden fees.

Through the integration of Banking Circle’s infrastructure, XTransfer can now offer its clients a broader array of local payment and fund collection options. Clients will be able to receive payments not only in major currencies like the US Dollar, Euro, GBP, and Danish Krone, but also in six additional currencies in Europe and the Middle East. This partnership is expected to expand further, with plans to introduce even more currency options in the near future.

This development is particularly advantageous for businesses dealing with Chinese suppliers. Buyers in Europe and the Middle East will have the convenience of paying Chinese suppliers in a wider range of local currencies.

Bill Deng, Founder and CEO of XTransfer, commented on the partnership, “Our alliance with Banking Circle represents a significant step forward in our expansion into the European and Middle Eastern markets. This partnership not only accelerates XTransfer’s global ambitions but also promises to revolutionise the international trade landscape for businesses. We are eager to see the continued success of this collaboration.”

Laust Bertelsen, Co-Founder and CEO of Banking Circle, added, “We are thrilled to support XTransfer’s vision for global trade. By leveraging Banking Circle’s accounts and payment rails, XTransfer can streamline the payment process for its clients, reducing both costs and transaction times.”

About XTransfer
XTransfer, World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, is dedicated to providing SMEs with secure, compliant, fast, convenient and low-cost foreign trade payment & fund collection solutions, significantly reducing the cost of global expansion and enhancing global competitiveness. Founded in 2017, the company is headquartered in Shanghai and has branches in Hong Kong SAR, the United Kingdom, the Netherlands, the United States, Canada, Japan, Australia, and Singapore. XTransfer has obtained local payment licenses in Hong Kong SAR, the United Kingdom, the United States, Canada, and Australia. With more than 450,000 enterprise clients, XTransfer has become the industry No.1 in China.

By cooperating with well-known multinational banks and financial institutions, XTransfer has built a unified global multi-currency clearing network and built a data-based, automated, Internet-based and intelligent anti-money laundering risk control infrastructure centred on small and medium enterprises. XTransfer uses technology as a bridge to link large financial institutions and small and medium enterprises around the world, allowing SMEs to enjoy the same level of cross-border financial services as large multinational corporations.

XTransfer completed its Series D financing in September 2021 and achieved unicorn status. The Company possesses a diverse composition of international investors, including D1 Capital Partners LP, Telstra Ventures, China Merchants Venture, eWTP Capital, Yunqi Capital, Gaorong Capital, 01VC, MindWorks and Lavender Hill Capital Partners.

For more information: https://www.xtransfer.com/

About Banking Circle S.A.
Banking Circle S.A. is the Payments Bank for the new economy. As a fully licenced bank, free of legacy systems, Banking Circle enables payments companies and banks of any scale to seize opportunities in the new economy – quickly, at low cost.    

Banking Circle S.A. is a modern correspondent bank committed to building a local clearing network for all major currencies, to deliver fast, low-cost payments with no hidden fees for the beneficiary. It provides a suite of unique and award-winning banking solutions, including multi-currency banking accounts and Virtual IBANs, bank connections for local clearing and cross-border payments, all underpinned by market leading compliance and security.    

Through bespoke, flexible, scalable and futureproof solutions Banking Circle S.A. is enabling financial institutions to help their customers transact across borders in a way that was previously not possible.    

Headquartered in Luxembourg, Banking Circle S.A. has offices in London, Munich and Copenhagen.    

 

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SOURCE XTransfer

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COMPUTEX 2025: Gartner® as Featured Guest, Showcasing Future AI and Emerging Technologies

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TAIPEI, April 9, 2025 /PRNewswire/ — TAITRA (Taiwan External Trade Development Council) announced that Gartner is invited to deliver Gartner Special Event at COMPUTEX 2025. This Event will be on 10:00, May 21, (UTC+8), at Taipei Nangang Exhibition Center Hall 2 7F.

Gartner provides in-depth analysis to help businesses navigate technological disruptions and leverage emerging innovations. During the special event, Gartner will explore how AI-driven infrastructure, edge computing, and intelligent automation are transforming industries and redefining global business strategies.

The featured speaker for the Gartner Special Event will be Bill Ray, distinguished Vice President Analyst at Gartner. With extensive experience in telecommunications, cloud computing, and AI infrastructure, Ray plays a key role in shaping Gartner’s strategic insights on emerging technologies and digital transformation. His research focuses on the convergence of AI, edge computing, and next-generation connectivity, helping enterprises and technology leaders anticipate industry shifts and capitalize on new opportunities.

COMPUTEX 2025 with the theme “AI Next,” is set to take place from May 20th to May 23rd at Taipei Nangang Exhibition Center Hall 1 & 2. This event will host nearly 1,400 exhibitors across 4,800 booths, showcasing three major themes: AI & Robotics, Next-Gen Tech, and Future Mobility.

Registration for the Gartner Special Event will open soon, industry professionals are welcome to register for a visit: https://events.computextaipei.com.tw/en/.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

For more exhibition information:

COMPUTEX: www.computextaipei.com.tw

InnoVEX: www.innovex.com.tw

About COMPUTEX

COMPUTEX was founded in 1981. It has grown with the global ICT industry and become stronger over the last four decades. Bearing witness to historical moments in the development of and changes in the industry, COMPUTEX attracts more than 40,000 buyers to visit Taiwan every year. It is also the preferred platform chosen by top international companies for launching epoch-making products. 

Taiwan has a comprehensive global ICT industry chain. Gaining a foothold in Taiwan, COMPUTEX is jointly held by the Taiwan External Trade Development Council and Taipei Computer Association, aiming to build a global tech ecosystem. COMPUTEX uses cross-domain integration and innovation services as the most powerful driving forces for achieving the goal of becoming a new platform for global technological resources.

About TAITRA:

Founded in 1970, TAITRA is Taiwan’s foremost nonprofit trade-promoting organization. Sponsored by the government and industry organizations, TAITRA assists enterprises in expanding their global reach. Headquartered in Taipei, TAITRA has a team of 1,300 specialists and operates 5 local offices as well as 62 branches worldwide. Together with Taipei World Trade Center (TWTC) and Taiwan Trade Center (TTC), TAITRA has formed a global network dedicated to promoting world trade.

TAITRA’s five local branch offices in Taoyuan, Hsinchu, Taichung, Tainan, and Kaohsiung provide services to companies outside metropolitan Taipei. Through these domestic offices, TAITRA is able to maintain close contact and interaction with local companies in their respective areas and provide direct and substantial services in areas such as feature trade promotion, business information, market seminars, on-the-job training, procurement meetings, meeting room rental, etc. Branch offices play vital roles in Taiwan Trade Shows coordination between Taipei headquarters and local companies, and invite buyers to visit local industries.

View original content to download multimedia:https://www.prnewswire.com/news-releases/computex-2025-gartner-as-featured-guest-showcasing-future-ai-and-emerging-technologies-302424362.html

SOURCE COMPUTEX

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Czech Semiconductor Centre Launches in Brno, Strengthening Europe’s Chip Autonomy

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BRNO, Czech Republic, April 9, 2025 /PRNewswire/ — A new chapter in Europe’s semiconductor independence has begun in Brno with the launch of the Czech Semiconductor Centre (CSC). The centre, located in one of Europe’s strongest regions for chip design, will focus on supporting innovation, prototyping, and the growth of European fabless companies. As the Czech national competence centre under the European Chips Act, CSC aims to strengthen Europe’s semiconductor independence.

The CSC is led by Brno University of Technology, in collaboration with Czech Technical University in Prague, onsemi, Codasip, the Czech National Semiconductor Cluster, and innovation agency JIC. Together, they aim to build a European hub of excellence in chip design, education, talent development, and small and medium-sized enterprises (SME) support.

The centre will support European fabless companies with mentoring, financial guidance, access to advanced design tools, prototyping platforms, and small-scale chip production — all critical for the growth of European SMEs in semiconductor design and instrumentation, and for reducing reliance on overseas supply chains. To achieve this, the CSC will leverage the Brno region’s deep expertise in IP design, Electronic Design Automation (EDA) tool development, and extensive materials research and characterization.

Besides chip design, what makes the Brno region’s role in the semiconductor landscape particularly unique is its dominance in electron microscopy — technology crucial for semiconductor development, manufacturing, and quality control throughout the entire chip lifecycle.

“One in every three electron microscopes used globally comes from Brno. This concentration of electron microscopy expertise strengthens a strategic advantage for Europe’s semiconductor ambitions in terms of a resilient supply chain,” says Petr Strelec, director of the Brno site of Thermo Fisher Scientific.

Brno is home to global leaders in electron microscopy—Thermo Fisher Scientific, Tescan, and Delong Instruments. In 2023, they exported 93% of production and invested heavily in R&D, reinforcing the region’s deep tech credentials.

In 2023, South Moravia became the first Czech member of the European Semiconductor Regions Alliance.

“The Czech semiconductor ecosystem, with Brno at its centre, represents a vital piece of Europe’s strategy to reduce reliance on non-European chip production,” explains Karel Masarik, director of CSC and founder of RISC-V company Codasip. “With Brno’s unique combination of chip design expertise and complementary technologies like electron microscopy, we are contributing critical capabilities to Europe’s semiconductor value chain.”

View original content:https://www.prnewswire.co.uk/news-releases/czech-semiconductor-centre-launches-in-brno-strengthening-europes-chip-autonomy-302423221.html

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ATFX Q2 2025 Trader Magazine: Adapting to Global Uncertainty

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HONG KONG, April 9, 2025 /PRNewswire/ — Global markets face heightened volatility in Q2 2025, with economic warfare, inflation, and shifting trade policies creating uncertainty. Martin Lam, ATFX Chief Analyst of Asia Pacific, highlights how geopolitical tensions, shifting trade dynamics, and emerging technologies like blockchain and Central Bank Digital Currencies add to market instability. Amid these challenges, safe-haven assets such as gold are expected to gain traction, emphasizing the need for diversification and risk management.

According to Mohammed Shanti, ATFX’s Head of Market Research & Analysis, the US stock market had a strong start in 2025 but now faces mounting risks. The S&P 500’s rally has slowed amid rising bond yields and tech sector struggles, with major banks divided on its future trajectory. Meanwhile, Dr. Mohamed Nabawy highlights potential corrections in European markets due to US tariffs on European exports, though fiscal stimulus and European Central Bank (ECB) rate cuts may provide support.

Nick Twidale, ATFX’s Chief Market Analyst (Australia), highlights AUDUSD’s volatility, with rate cuts and commodity prices driving movement. Lucas Nguyen, ATFX Market Analyst (Vietnam), highlights the euro’s challenges, driven by inflation risks, political instability, and an unclear ECB policy outlook. Dean Chen, ATFX Guest Analyst, examines global currency trends, noting a weak Canadian dollar, a strengthening yen, and limited growth prospects for USDCNH due to geopolitical risks.

Diego Albuja, ATFX LATAM Market Analyst, analyzes USDMXN’s depreciation, driven by US tariffs and diverging interest rates. Gonzalo Cañete, ATFX Global Chief Market Strategist, examines the dollar’s resilience in 2024 despite economic challenges. He also provides a GBPUSD outlook for 2025 and discusses Japan’s economic struggles, where inflation and Bank of Japan rate hikes have strengthened the yen. Jessica Lin, ATFX Global Market Analyst (Asia Pacific), projects gold’s continued rise, driven by central bank demand and Federal Reserve rate cuts, with silver following a similar trend.

Gab Santos, ATFX Market Analyst (Philippines), projects lower oil prices in 2025 amid Trump’s trade policies and OPEC+ production cuts. Gabi Dahduh, ATFX Senior Market Analyst (MENA), explores how blockchain are reshaping global finance, particularly in economic warfare. Lin also stresses the importance of disciplined trading amid market volatility, advising investors to stay flexible and focus on long-term trends.

In 2025’s unpredictable markets, staying informed is crucial. Get expert insights in our Q2 2025 Trader Magazine.

About ATFX

ATFX is a leading global fintech broker with a local presence in 23 locations and licenses from regulatory authorities including the UK’s FCA, Australian ASIC, Cypriot CySEC, UAE’s SCA, Hong Kong SFC and South African FSCA. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX provides exceptional trading experiences to clients worldwide.

For further information on ATFX, please visit ATFX website https://www.atfx.com.

View original content:https://www.prnewswire.com/apac/news-releases/atfx-q2-2025-trader-magazine-adapting-to-global-uncertainty-302424363.html

SOURCE ATFX

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