{"id":87630,"date":"2026-10-15T13:37:00","date_gmt":"2026-10-15T13:37:00","guid":{"rendered":"https:\/\/english.saigonbiz.com\/vn\/?p=87630"},"modified":"2026-10-16T01:49:41","modified_gmt":"2026-10-16T01:49:41","slug":"xtransfer-launches-cross-border-payment-service-in-chile","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/xtransfer-launches-cross-border-payment-service-in-chile\/","title":{"rendered":"XTransfer Launches Cross-border Payment Service in Chile"},"content":{"rendered":"<p><em>UAF registration strengthens compliance footing in Latin America<\/em><\/p>\n<p align=\"justify\">SANTIAGO, Chile, Oct.  15, 2026  (GLOBE NEWSWIRE) &#8212; <strong>XTransfer<\/strong>, a leading global B2B cross-border trade payment platform, announced that <strong>XTransfer Chile SpA<\/strong> has completed registration with<strong> Chile&#8217;s Unidad de An\u00e1lisis Financiero (UAF)<\/strong>, marking a key milestone in its Latin America expansion.<\/p>\n<p align=\"justify\"><img loading=\"lazy\" decoding=\"async\" alt=\"chile poster eng\" height=\"600\" src=\"https:\/\/ml.globenewswire.com\/Resource\/Download\/4770aba6-9fb8-445f-8743-e4c5135f6c9e\/chile-poster-eng.jpg\" width=\"480\" data-dpi=\"144\" data-caption=\"UAF registration strengthens XTransfer&apos;s compliance footing in Latin America\" data-filename=\"chile poster eng.jpg\" \/><\/p>\n<p align=\"justify\"><strong>The registration strengthens XTransfer&#8217;s local compliance foundation in Chile and supports its ability to provide cross-border payment solutions to businesses in the market.<\/strong> XTransfer specialises in serving SMEs engaged in international trade, helping them simplify international collections and payments while navigating cross-border trade and compliance requirements.<\/p>\n<p align=\"justify\"><strong>China\u2013Chile Trade Growth Fuels Demand for Cross-border Payments<\/strong><br \/>The China\u2013Chile Free Trade Agreement was the first bilateral free trade agreement signed between China and a Latin American country, coming into effect in 2006. <strong>Bilateral trade between China and Chile grew from over US$7 billion in 2005 to US$66.905 billion in 2025,<\/strong> with China remaining Chile&#8217;s largest trading partner for many consecutive years, according to China Customs data. <strong>According to XTransfer data, payment collections from Latin America rose 94% year-on-year in 2025, with collections from Chile increasing by 79%<\/strong>, reflecting the deepening trade ties between the two countries.<\/p>\n<p align=\"justify\"><strong>Solving the Export Payment Bottleneck<\/strong><br \/>However, many exporters still face the bottleneck of <strong>\u201ceasy to export, hard to get paid\u201d.<\/strong> Latin American buyers often prefer paying in <strong>local currencies<\/strong>, while exporters may lack suitable collection channels. USD settlement can add <strong>FX costs and cross-border fees<\/strong>, and post-payment steps, including conversion, settlement, and repatriation, can slow cash flow and affect fulfilment. Businesses therefore need a full-chain solution covering <strong>pay, collect, settle, and repatriate<\/strong>.<\/p>\n<p align=\"justify\">To address this, XTransfer leverages its global local collection network and partnerships with licensed financial institutions to provide eligible companies with<strong> local-currency collection accounts in key Latin American markets including Chile, Brazil, Mexico, Colombia, Argentina and Peru<\/strong>, supporting currencies such as Chilean Peso, Brazilian Real and Mexican Peso. Buyers can pay from local bank accounts via local clearing, while exporters can convert and settle into RMB through XTransfer, accelerating fund return and improving cash utilisation.<\/p>\n<p align=\"justify\">\u201cCompleting our UAF registration is a key milestone in our Latin America expansion,\u201d said<strong> Violas Xiao, Singapore and LatAm CEO of XTransfer<\/strong>. \u201cXTransfer will continue to invest in regulated markets and strengthen its payment infrastructure to support SMEs participating in cross-border commerce,\u201d she added.<\/p>\n<p>A photo accompanying this announcement is available at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NWoOJWBgSAoHn1JLQTbTs8SBM1LFk9FZx7hFkvSPQJuIpplKMuwJcfzwdwx6djWqjTDjsUqT4nHd85Q2vSqhyNLF8331JYniFOLUJUW_P-pLQ5_achwxEYqs2fOT2J9hNBEg8alA0Fi_Jh_Dft39yrrBLX8vQblSdJ3E_f2r7gaakKOup8UP5ruS94uFBhfezDgHbdlv9qGpQjbZXDvTcKHtlVNuzTdyeF5YdI2ewkPsPFbacCEOxejbLitQTsMpUMJbwbArhACH0ys0msgq1w==\" rel=\"nofollow\" target=\"_blank\" title=\"\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/4770aba6-9fb8-445f-8743-e4c5135f6c9e<\/a><\/p>\n<pre>CONTACT: Contact\nMaggie Ng\nMaggie.ng@xtransfer.com<\/pre>\n<p><img alt=\"\" src='https:\/\/ml.globenewswire.com\/media\/MzMxMTg5OWMtNDNkZi00YmU1LWFmMDctNWEwYmFiM2M3MDBmLTEzMjEyMjgtMjAyNi0xMC0xNS1lbg==\/tiny\/Xtransfer-Limited.png' referrerpolicy='no-referrer-when-downgrade' \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UAF registration strengthens compliance footing in Latin America SANTIAGO, Chile, Oct. 15, 2026 (GLOBE NEWSWIRE) &#8212; XTransfer, a leading global B2B cross-border trade payment platform, announced that XTransfer Chile SpA has completed registration with Chile&#8217;s Unidad de An\u00e1lisis Financiero (UAF), marking a key milestone in its Latin America expansion. The registration strengthens XTransfer&#8217;s local compliance [&#8230;]\n","protected":false},"author":1,"featured_media":87631,"comment_status":"open","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-87630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globe-newswire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.6 (Yoast SEO v21.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>XTransfer Launches Cross-border Payment Service in Chile - Biz and Live in Saigon<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/english.saigonbiz.com\/vn\/xtransfer-launches-cross-border-payment-service-in-chile\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XTransfer Launches Cross-border Payment Service in Chile\" \/>\n<meta property=\"og:description\" content=\"UAF registration strengthens compliance footing in Latin America SANTIAGO, Chile, Oct. 15, 2026 (GLOBE NEWSWIRE) &#8212; XTransfer, a leading global B\" \/>\n<meta property=\"og:url\" content=\"https:\/\/english.saigonbiz.com\/vn\/xtransfer-launches-cross-border-payment-service-in-chile\/\" \/>\n<meta property=\"og:site_name\" content=\"Biz and Live in Saigon\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SaigonbizGroup\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-15T13:37:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-16T01:49:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2026\/10\/xtransfer-launches-cross-border-payment-service-in-chile-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"2560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/xtransfer-launches-cross-border-payment-service-in-chile\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/xtransfer-launches-cross-border-payment-service-in-chile\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/person\/267b348e6cf32a66aab33637c2d399a6\"},\"headline\":\"XTransfer Launches Cross-border Payment Service in Chile\",\"datePublished\":\"2026-10-15T13:37:00+00:00\",\"dateModified\":\"2026-10-16T01:49:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/xtransfer-launches-cross-border-payment-service-in-chile\/\"},\"wordCount\":413,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#organization\"},\"articleSection\":[\"Globe Newswire\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/english.saigonbiz.com\/vn\/xtransfer-launches-cross-border-payment-service-in-chile\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/xtransfer-launches-cross-border-payment-service-in-chile\/\",\"url\":\"https:\/\/english.saigonbiz.com\/vn\/xtransfer-launches-cross-border-payment-service-in-chile\/\",\"name\":\"XTransfer Launches Cross-border Payment Service in Chile - 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