GUANGZHOU, China, April 17, 2025 /PRNewswire/ — At the grand opening of the 137th Canton Fair, XTransfer, the world’s leading and China’s No.1 B2B Cross-Border Trade Payment Platform, unveiled its groundbreaking solution — the Local Currency Account — designed to revolutionise global trade, especially with emerging markets.

The Canton Fair, widely regarded as a barometer of China’s foreign trade, has reached a record-breaking scale this year, attracting businesses from around the world. XTransfer’s presence at the event underscores its commitment to empowering SMEs in China to trade more effectively with fast-growing economies across Asia, Africa, and Latin America.

XTransfer’s Local Collection Account addresses long-standing pain points in traditional cross-border payments, such as high fees, slow processing times, and the risk of frozen accounts due to suspicious transactions. By enabling buyers to pay in their local currencies through local clearing networks, the product eliminates intermediary banks, reduces costs, and accelerates fund settlements, fastest within the same business day.

“As a small business trading with Africa, we used to face serious challenges when buyers couldn’t send USD payments through traditional banks,” said Li Pengsen, Chairwoman of Hebei Ovison Industrial Group. “XTransfer’s Local Currency Accounts made it easy and safe for our African clients to pay directly into our Chinese accounts, without currency hurdles or banking delays.”

Since launching the service in 2018, XTransfer has become a pioneer in local collection solutions. It now supports over 30 global and local currencies across more than 200 countries and regions, including key emerging markets like Kenya, Nigeria, Brazil, Mexico, Indonesia, and the Philippines. Today, it serves over 600,000 Chinese foreign trade enterprises, making it the largest B2B cross-border financial platform in China by client base.

“Trading with emerging markets presents huge growth opportunities, but payment friction often holds businesses back,” said Bill Deng, Founder and CEO of XTransfer. “Our mission is to remove those obstacles and make global trade more inclusive, efficient, and secure.”

As the Canton Fair continues to foster international cooperation and commerce, XTransfer remains at the forefront of digital financial innovation. It bridges the gap between Chinese exporters and emerging market buyers and unlocks new growth in global trade.

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LEH, India, April 18, 2025 /PRNewswire/ — In a groundbreaking achievement, Simpliforge Creations and IIT Hyderabad, in collaboration with the Indian Army under Project PRABAL, have successfully completed the world’s highest on-site 3D printed military structure at 11,000 feet in Leh. This milestone marks the first-ever protective military bunker built in high-altitude, low-oxygen (HALO) conditions using in-situ 3D construction printing.

The effort was led by Prof. K.V.L. Subramaniam of IIT-Hyderabad, Arun Krishnan—PhD scholar at IIT Hyderabad and a multidisciplinary team. The structure, printed in just 14 hours using locally sourced materials, demonstrates how indigenous technology can deliver infrastructure rapidly and sustainably.

Simpliforge’s specially developed robotic 3D printer was deployed and commissioned in under 24 hours, showcasing its agility in extreme terrain. CEO Dhruv Gandhi highlighted the challenges: “Reduced oxygen levels impaired power efficiency and human performance. Low humidity and high UV radiation impacted material integrity—but our systems delivered a robust structure in just 5 days.”

Prof. Subramaniam emphasized the importance of material science in the project: “Operating at high altitudes with thermal extremes required specially engineered concrete. Our team rigorously tested and optimized a mix suited to local aggregates and environmental stresses. This innovation was key to ensuring structural strength and durability.”

Arun Krishnan added, “Project PRABAL began during my M.Tech journey. Previous attempts to bring 3D construction to Ladakh faltered due to harsh conditions. It was the synergy between IIT Hyderabad and Simpliforge that finally overcame these barriers. We’ve proven that homegrown technology can thrive even in the toughest environments.”

Hari Krishna Jeedipalli, MD of Simpliforge, reflected on the journey: “From India’s first 3D printed bridge to the Army’s medical facility, each project has advanced the frontier. This Ladakh bunker is more than a defense milestone—it’s validation for extra-terrestrial applications. We see this as a stepping stone toward space construction on the Moon and Mars.”

This landmark project reaffirms India’s deeptech leadership, combining innovation, defense utility, and the Make-in-India vision to pioneer future-ready infrastructure.

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Leverage Machine Learning insights backed communications approachFacilitate digital enablement of field team and offer integrated payments

NEW DELHI, April 18, 2025 /PRNewswire/ — Tyger Capital, India’s leading non-banking financial company (NBFC), has joined hands with Credgenics, the leading provider of SaaS-based collections and debt resolution technology solutions worldwide. This technology collaboration marks a significant stride towards reshaping the debt collections landscape, leveraging Credgenics’ comprehensive suite of solutions to streamline and optimize Tyger Capital’s loan collections management process.

At Tyger Capital, Credgenics’ AI powered SaaS based platform will help adopt a data-insights backed personalized approach for communications with borrowers across multiple digital channels including WhatsApp, SMS, and emails. With Credgenics CG Collect, the mobile app for field collection teams, the last mile operations will be digitized to unlock higher productivity and operational efficiency.

Commenting on the partnership, Rajaram Manian B, Chief Risk Officer of Tyger Capital, said, “We are excited to leverage Credgenics technology solutions in collections as we are committed to deliver unparalleled financial services powered by cutting-edge technologies and customer-centric approaches. This collaboration aligns with our mantra ‘Customer first’ and our focus on providing exceptional service to our customers while optimizing our operations through innovation and digital transformation.”

Credgenics technology platform will optimize field team operations, enable seamless collection transaction reconciliations, provide digitized customer visit management, and provide real-time tracking capabilities. Credgenics Billzy payments platform will facilitate borrowers to make digital loan payments swiftly, securely, and conveniently. Adoption of cutting-edge solutions from Credgenics promises higher response rates, accelerated debt resolutions, and reduced operational costs, positioning Tyger Capital at the forefront of customer service excellence.

Rishabh Goel, Co-Founder and CEO of Credgenics, said, “Our engagement with Tyger Capital is an extremely valuable addition to our customer base from the NBFC segment. We are confident that Credgenics’ comprehensive solutions will tremendously enhance the collection management process at Tyger Capital. With our focus on continual innovation, enhanced customer experience and strict adherence to regulatory compliance, we aim to deliver significant business value at Tyger Capital.”

The collaboration between Credgenics and Tyger Capital is set to drive a transformative shift in collection management and debt resolution by leveraging cutting-edge technologies. This strategic partnership will enable both companies to deliver enhanced value to their customers while driving sustainable growth and profitability.

About Credgenics

Credgenics is the leading provider of Loan Collections and Debt Resolution technology platforms to Banks, Non-banking finance companies, FinTechs, and ARCs worldwide. The AI-powered SaaS-based platform has been recognized as the #1 Best Selling Loan Collections Platform in India by IBS Intelligence in their Annual Sales League Table for three years consecutively. Credgenics caters to the end-to-end collection lifecycle for retail and SME / MSME debt and works with over 150 customers. It handled more than 98 million retail loan accounts worth over USD 250 Billion in FY24 for collections and has sent over 1.7 billion omni-channel communications. With Credgenics, lenders have increased resolution rates by 20%, improved collections by 25%, reduced collections costs by 40%, reduced collections time by 30%, and improved legal process efficiencies by 60%. https://www.credgenics.com/ 

About Tyger Capital

Tyger Capital Private Limited is a Non-Banking Financial Company (NBFC) headquartered in Mumbai, Maharashtra, India. Established in 2016, the company commenced lending operations in April 2017 with a mission to support entrepreneurship by providing financial solutions tailored for Micro, Small, and Medium Enterprises (MSMEs) and rural development. Tyger Capital is dedicated to be the most “economical” and “convenient” lender – Instant disbursement to underserved communities and small businesses. The company’s vision is to be a trusted financial partner that educates, guides, and supports customers, fostering active participation in the financial ecosystem. Tyger Capital has a robust presence with a network of 250 branches across nine states: Andhra Pradesh, Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu, Telangana, and Uttar Pradesh. This extensive reach enables the company to effectively serve a diverse clientele. Tyger Capital is committed to empowering entrepreneurs and fostering economic growth through its comprehensive financial solutions and customer-centric approach. https://tygercapital.in/

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