XTransfer and Deutsche Bank have reached a significant achievement in their collaboration by completing the initial onshore Thai Baht (THB) trade in Thailand, enabling smooth cross-border transactions.
HONG KONG, Feb. 8, 2024 /PRNewswire/ — XTransfer, World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, is thrilled to announce a major milestone in its partnership with Deutsche Bank. In a groundbreaking move, Deutsche Bank has successfully executed XTransfer’s first onshore Thai Baht (THB) trade in Thailand, leveraging the latest version of the Bank of Thailand’s Non-Resident Qualified Company (NRQC) rules.
Under the NRQC program, XTransfer can now receive local payments from Thai buyers on behalf of export companies. In a seamless process facilitated by Deutsche Bank, THB payments are converted to HKD and RMB before being transferred to XTransfer’s…
