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XTransfer Launches Cross-border Payment Service in Chile

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XTransfer Launches Cross-border Payment Service in Chile

XTransfer, a leading global B2B cross-border trade payment platform, announced that XTransfer Chile SpA has completed registration with Chile’s Unidad de Análisis Financiero (UAF), marking a key milestone in its Latin America expansion.

The registration strengthens XTransfer’s local compliance foundation in Chile and supports its ability to provide cross-border payment solutions to businesses in the market. XTransfer specialises in serving SMEs engaged in international trade, helping them simplify international collections and payments while navigating cross-border trade and compliance requirements.

China–Chile Trade Growth Fuels Demand for Cross-border Payments
The China–Chile Free Trade Agreement was the first bilateral free trade agreement signed between China and a Latin American country, coming into effect in 2006. Bilateral trade between China and Chile grew from over US$7 billion in 2005 to US$66.905 billion in 2025, with China remaining Chile’s largest trading partner for many consecutive years, according to China Customs data. According to XTransfer data, payment collections from Latin America rose 94% year-on-year in 2025, with collections from Chile increasing by 79%, reflecting the deepening trade ties between the two countries.

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Solving the Export Payment Bottleneck However, many exporters still face the bottleneck of “easy to export, hard to get paid”. Latin American buyers often prefer paying in local currencies, while exporters may lack suitable collection channels. USD settlement can add FX costs and cross-border fees, and post-payment steps, including conversion, settlement, and repatriation, can slow cash flow and affect fulfilment.


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