---
title: "\"Payment Solutions in the Era of Globalisation: How Cross-Border Transactions for Businesses Are Facilitated\" - Powered by XTransfer"
description: Join XTransfer to explore the complexities of global trade dynamics and discover how trends shape B2B digital payment development in this insightful session.
---

[SFF 2024 Session Recordings-Payments ](https://39936595.hs-sites.com/sff-2024-session-recordings-payments)

# ["Payment Solutions in the Era of Globalisation: How Cross-Border Transactions for Businesses Are Facilitated" - Powered by XTransfer](https://39936595.hs-sites.com/sff-2024-session-recordings-payments/sff-2024-videos-payments/payment-solutions-in-the-era-of-globalisation-how-cross-border-transactions-for-businesses-are-facilitated-powere)

 Written by [Singapore FinTech Festival](https://39936595.hs-sites.com/sff-2024-session-recordings-payments/author/singapore-fintech-festival) | Nov 15, 2024 5:00:00 AM

 

Bill Deng, founder and CEO of XTransfer, speaks about B2B payment solutions in the era of globalisation.

 

Key highlights

- **Importance of Globalisation**: He emphasises their belief in globalisation and the valuable connections built through it.
- **Deglobalisation Trends**: Acknowledges the trend of deglobalisation and its impact.
- **SMEs' Role**: Discusses the critical role of SMEs in global trade — 90% of cross-border trade involves SMEs.
- **Challenges Faced by SMEs**: Identifies challenges in financial services, particularly the difficulty in opening and maintaining bank accounts in a traditional bank due to AML regulations.
- **XTransfer’s Solutions**: Provides detailed solutions offered by XTransfer, such as global and local collection accounts.
- **Risk Management and AI**: Explains the use of AI and large language models to manage risks effectively and efficiently.
- **Customer Experience**: Highlights the importance of providing excellent customer experience and how AI aids in this.

 

Conclusion

Bill points out the challenges SMEs face, particularly in financial services, and describes how XTransfer innovatively addresses these issues with their global and local collection accounts.

 

Watch Full Session

 

Speaker:

- Bill Deng, Founder & Chief Executive Officer, XTransfer

[View full post](https://39936595.hs-sites.com/sff-2024-session-recordings-payments/sff-2024-videos-payments/payment-solutions-in-the-era-of-globalisation-how-cross-border-transactions-for-businesses-are-facilitated-powere)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Singapore FinTech Festival"
  },
  "dateModified" : "2025-10-06T07:32:55.776Z",
  "datePublished" : "2024-11-15T05:00:00Z",
  "headline" : "\"Payment Solutions in the Era of Globalisation: How Cross-Border Transactions for Businesses Are Facilitated\" - Powered by XTransfer",
  "image" : {
    "@type" : "ImageObject",
    "height" : 720,
    "url" : "https://39936595.fs1.hubspotusercontent-na1.net/hubfs/39936595/Imported_Blog_Media/tech%20d2__Payment%20solutions%20in%20the%20era%20of%20globalisation_%20How%20cross-border%20transactions%20for%20businesses%20are%20facilitated_%20-%20Powered%20by%20XTransfer.png",
    "width" : 1200
  },
  "mainEntityOfPage" : "https://39936595.hs-sites.com/sff-2024-session-recordings-payments/sff-2024-videos-payments/payment-solutions-in-the-era-of-globalisation-how-cross-border-transactions-for-businesses-are-facilitated-powere",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "SFF 2024 Session Recordings-Payments"
  }
}
```