HONG KONG SAR -
Media OutReach Newswire - 2 July 2024 -
XTransfer, the World's Leading & China's No.1 B2B Cross-Border Trade Payment Platform,
participated in the World Economic Forum's 15th Annual Meeting of the
New Champions (Summer Davos Forum) held in Dalian at the end of June.
Bill Deng, Founder and CEO of XTransfer, met with leaders of
renowned international financial institutions during the Forum to
explore collaboration opportunities. XTransfer was honoured to be
invited to join the Special Dialogue with Chinese Premier Li Qiang.
Bill was invited to share his insights at the "Decoding
E-Commerce Payments" panel discussion on the first day of the forum.
With the further development of cross-border trade, payment service
providers face different regulatory challenges in different regional
markets, ranging from data privacy and consumer protection to fraud
prevention and anti-money laundering, as well as managing national-level
regulations. Bill shared the current payment service challenges SMEs
face in cross-border transactions and how XTransfer addresses regulatory
requirements in different markets while assisting these SMEs in
expanding globally.
During the forum,
Bill was also invited to participate as a speaker in the "Next
Steps from Chinese Innovators" roundtable meeting. As a representative
of cross-border payment enterprises, Bill engaged in in-depth
discussions on innovative development with Gong Yuan, Managing Director
of HongShan, Anne Ma, Founder and CEO of SHUKUN, Alex Zhavoronkov,
Founder and CEO of Insilico Medicine, and Cheryl Cui, Co-Founder and CEO
of Bota Biosciences.
Innovation always accompanies competition in various industries. When
asked how to perceive competition in terms of innovation in China,
Bill pointed out, "Competition is a natural occurrence, and in
the process of innovation, competition is one of the driving forces.
Innovation and competition go hand in hand. From our perspective, it
requires us to provide quality services to our customers and ensure we
deliver excellent services."
China has built a globally competitive innovation ecosystem and has
experienced robust growth. However, this growth has also presented
challenges requiring innovative leaders to step up.
Bill stated "For foreign trade enterprises, the ability to keenly
sense industry changes and adapt to them is crucial for effectively
responding to challenges. XTransfer will play a significant role in
providing SMEs with secure, low-cost, and convenient payment services,
empowering SMEs to adapt to new changes and new markets quickly.
Finally,
Bill said, "Our participation in Davos resonated with Premier Li
Qiang's speech, highlighting the significance of international
cooperation and openness. The event expanded our perspectives, showcased
our capabilities, and enhanced our relationships with industry leaders
and government officials. This will positively impact our ability to
advance cross-border payments and fintech innovations on a global
level."
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