XTransfer and Maybank Partner for ASEAN Cross-Border Payment Solutions

XTransfer and Maybank have announced a strategic partnership at the Singapore FinTech Festival 2025. This collaboration aims to enhance cross-border payment and Shariah-compliant solutions across ASEAN, coinciding with increasing ASEAN-China trade activity.

The alliance will integrate technologies like APIs and digital platforms to streamline FX conversion and transactions. This enhances financial service efficiency in key ASEAN markets and beyond, including the UK and US.

In response to the rise in Islamic finance demand, the companies will develop Shariah-compliant financial offerings, broadening their customer base and fostering financial inclusion.

This initiative strengthens XTransfer's multi-currency and settlement capabilities while aligning with Maybank's regional connectivity goals. The partnership aims to provide competitive forex rates and innovative solutions for businesses engaged in ASEAN-China trade, expected to reach USD1 trillion this year.