Strong alliance! Thousand Islands Enterprise Services and XTransfer, a well-known cross-border financial service platform, have reached a cooperation agreement.

On April 3, Thousand Islands Enterprise Services and XTransfer, a financial service platform focusing on B2B cross-border trade collection and payment, held a cooperation signing ceremony in Guangzhou.

For a long time, Chinese enterprises doing business in Indonesia have often faced problems such as complicated exchange processes, long review cycles and potential exchange rate risks, and some of them have even encountered unnecessary legal and financial risks due to their reliance on unofficial channels.

This cooperation undoubtedly provides these enterprises with a compliant, safe, fast and low-cost one-stop solution for exchange and settlement of foreign exchange, and the two sides will fully integrate the cross-border financial strength and local service resources, and jointly build a brand-new "capital chain + service chain" double escort for China-Indonesia trade enterprises to go to sea! The two sides will fully integrate cross-border financial strength and local service resources to jointly build a new seafaring ecology for China-Indonesia trading enterprises with "capital chain + service chain" double escort! This will significantly improve the efficiency of capital flow and lay a solid foundation for the expansion of enterprises in the Southeast Asian market.

As a member of the China Clearing Association and a fintech company that has entered into a strategic partnership with the Bank of China, XTransfer has been providing professional and efficient cross-border payment services to foreign trade enterprises for nine consecutive years, thanks to its rigorous and compliant operational system and excellent reputation. At the same time, XTransfer has partnered with Deutsche Bank Jakarta to help Chinese foreign trade enterprises realize convenient payment and collection in local currencies in Indonesia.

Local Currency Receipt and Payment Efficiently and Quickly

Through the XTransfer platform, Indonesian buyers can make one-click payments in Indonesian rupiah directly to the XTransfer accounts of Chinese foreign trade bosses, eliminating the need for currency conversion and reducing transaction costs. For Chinese bosses based in Indonesia, the payment received can be directly exchanged on the XTransfer platform, and settled and withdrawn in RMB to their personal accounts in China, which is fast and greatly improves the efficiency of capital flow.

One-stop currency exchange Unlimited

XTransfer supports immediate foreign exchange of 30+ currencies including IDR, which is a one-stop solution for enterprises with foreign trade business in multiple countries and regions to solve the needs of foreign exchange and multi-currency payments and receipts, and enjoy preferential exchange rates. What's more, there is no limit for foreign exchange, which solves a major pain point for foreign trade bosses.

Compliance Settlement Safe Remittance

Fast and efficient fund flow is the key to the growth of foreign trade business. Through XTransfer, foreign trade bosses can settle the payment directly to the mainland enterprise account or personal account, which is convenient, safe and reliable, and completely solves the pain point of capital return.XTransfer has a one-stop risk control service system and a strong risk control audit team to deal with the cross-border financial risks, and all-roundly protects the customer's capital safety.

If you also have the need to receive and pay for the trade between China and Indonesia

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