XTransfer and Maybank announced a strategic partnership to expand cross-border payment and Shariah-compliant solutions. Coinciding with Singapore FinTech Festival 2025, senior representatives of XTransfer and Maybank officially signed the Memorandum of Understanding (MOU) at the event. Bill Deng, Founder and CEO of XTransfer (Left) and Dato' Sri Khairussaleh Ramli, President and Group CEO of Maybank (Right) signed MOU during Singapore Fintech Festival 2025.
Under the collaboration, XTransfer and Maybank will harness their respective strengths to deliver one-stop cross-border financial solutions, spanning domestic and cross-border payments and FX conversion, across key ASEAN markets, Hong Kong, United Kingdom and United States. The parties will leverage new technologies and innovations, including APIs, digital platforms, collection solutions, and virtual accounts, to enable automated, real-time, and seamless FX conversion and transaction processing, enhancing the scalability, efficiency, and reliability of cross-border financial services. Recognising the growing demand for Islamic finance-compliant services in ASEAN, X Transfer and Maybank will also explore and develop Shariah-compliant FX and payment offerings tailored to regional needs, broadening financial inclusion and meeting the evolving requirements of businesses seeking Shariah-compliant solutions".
This comprehensive partnership deepens XTransfer's Southeast Asia coverage and multi-currency settlement capabilities, while supporting Maybank's strategy to strengthen its regional franchise and ecosystem connectivity.
