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XTransfer gains Malaysian payment license, enabling SME-focused cross-border services in Southeast Asia.
XTransfer has received conditional approval from Malaysia’s central bank, Bank Negara Malaysia, for key payment licenses, enabling the company to launch digital payment services in the country.
The move supports XTransfer’s expansion into Southeast Asia, with Malaysia set to serve as a regional hub for operations, compliance, and customer support.
The company plans to offer streamlined, secure cross-border payment solutions tailored for small and medium-sized enterprises (SMEs) engaged in international trade, focusing on efficient foreign exchange, remittances, and settlements.
The approval reflects growing recognition of XTransfer’s role in facilitating intra-Asia and South-South trade, as the company continues to expand its global footprint since its 2017 founding.
XTransfer obtiene la licencia de pago de Malasia, lo que permite servicios transfronterizos centrados en las PYMES en el sudeste asiático.