XTransfer and Maybank have signed a MoU to expand cross-border payment and Shariah-compliant solutions. The signing took place at the Singapore Fintech Festival 2025.
The partnership aims to provide one-stop cross-border financial solutions, including domestic and cross-border payments and FX conversion, across ASEAN markets, Hong Kong, the UK, and the US.
Both parties plan to use technologies such as APIs, digital platforms, collection solutions, and virtual accounts to enable automated, real-time FX conversion and transaction processing.
XTransfer and Maybank will also explore Shariah-compliant FX and payment services to meet the growing demand for Islamic finance in the region.
Bill Deng, Founder and CEO of XTransfer, said,
“With stronger local collection, FX conversion, and potential Shariah-compliant settlement capabilities, we will help businesses reduce costs, enhance cash flow, and improve transaction efficiency.”
Dato’ Sri Khairussaleh Ramli, President and Group CEO of Maybank, said,
“Together with XTransfer, we can enable more seamless cross-border payments and collections with competitive forex rates for merchants engaged in ASEAN-China trade. This collaboration also opens opportunities to develop innovative solutions for businesses.”
Featured image credit: Maybank
