Which key Malaysian financial institutions are partnering with XTransfer?

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Key Malaysian Financial Institutions Attended XTransfer's Malaysia Office Inauguration

XTransfer's new office in Malaysia was officially inaugurated with the attendance of leaders and partners from several major local financial institutions. Among those present were representatives from Maybank, CIMB, and OCBC.
Representatives from Major Banks Present

The inauguration ceremony saw the presence of Ms Winnie Wong, Director of Financial Institutions Group at Maybank, Ms Sylvia Wong, Regional Head at CIMB, and Ms Daphne Yoo, Director at OCBC. These individuals, along with other representatives from various institutions and associations, participated in the ribbon-cutting ceremony, marking a significant milestone for XTransfer's regional expansion.
Expectations for Future Collaboration

Guests at the event conveyed their congratulations and expressed expectations that XTransfer will continue to support the development of local trade. They anticipate that XTransfer will offer Malaysian small and medium-sized enterprises (SMEs) more efficient and secure cross-border payment solutions. Several bank representatives indicated a look forward to deepening collaboration with XTransfer.
Focus on Ecosystem Development

Representatives from multiple banks noted their anticipation of strengthening ties with XTransfer. The aim is to collectively enhance localised settlement networks and jointly promote the development of the cross-border payments ecosystem. This suggests a shared interest in building a more robust financial infrastructure for international trade.
Conditional Approval for Payment Licenses

In February of this year, XTransfer secured conditional approval from Bank Negara Malaysia (BNM) for key payment licenses. Upon fulfilling the pre-issuance conditions and receiving authorisation to launch, XTransfer plans to introduce digital payment services aimed at supporting businesses, particularly SMEs involved in international trade.

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Which key Malaysian financial institutions are partnering with XTransfer?

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