Singapore · Payments & e-money
Xtransfer Pte. Ltd.
Xtransfer Pte. Ltd. is a private company incorporated in Singapore. The Monetary Authority of Singapore (MAS) licenses it as a major payment institution under the Payment Services Act 2019. The licence covers account issuance, domestic money transfer, cross-border money transfer and e-money issuance. According to the group, MAS issued the licence on 1 January 2025. The firm is the Singapore entity of the XTransfer group, a B2B cross-border trade payments business founded in 2017 and headquartered in Shanghai. The group offers business accounts, currency exchange and cross-border collection and payment services to small and medium-sized enterprises (SMEs) engaged in international trade. The group's Cayman Islands holding company, Extransfer Limited, applied to list on the Hong Kong Stock Exchange in April 2026.
Licences and registrations
Held by Xtransfer Pte. Ltd.. 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| MAS Financial Institutions Directory - Major Payment InstitutionMonetary Authority of Singapore (MAS) | Major Payment InstitutionPayment Institution | Not published by the register | Singapore | Active | — | — |
|
Search the register ↗ |
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
Swift network
Swift’s ISO 9362 BIC directory
Holds no BIC in Swift’s directory. No LEI is matched to this entry, and BICs are linked by LEI only.
Overview
Researched 29 Sep 2026 · Sources
Ownership
Group subsidiary
Firm type
FX and business payments
Trades as XTransfer
- Ownership
- The firm belongs to the XTransfer group, whose holding company is Extransfer Limited, incorporated in the Cayman Islands.
- Head office
- 96 Robinson Road, #17-04, SIF Building, 068899 Singapore, Singapore
- Company register
- ACRA UEN 202025088R
- Incorporated
- 2020
- Founder
- Bill Deng (Deng Guobiao)
Online
- Websites & references
- xtransfer.com ↗
- Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗
Sources · 11 pages consulted
- eservices.mas.gov.sg/fid/institution/detail/426704-Xtransfer-Pte-Ltd
- xtransfer.com/global
- xtransfer.com/about-us/company
- xtransfer.com/services/compliance
- xtransfer.com/protocol/xtransfer-user-agreement
- xtransfer.com/xshield/download
- prnewswire.com/apac/news-releases/xtransfer-officially-receives-mpi-license-from-the-monetary-authority-
- www1.hkexnews.hk/app/sehk/2026/108462/documents/sehk26042402940.pdf
- xtransfer.com/blog/is-xtransfer-safe-for-b2b-payments-a-deep-dive-into-regulation-and-security
- fintechnews.hk/38753/funding/xtransfer-ipo-hong-kong/
- membership.singaporefintech.org/company/202025088R
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
MAS licenses the firm as a major payment institution under the Payment Services Act 2019. The licence covers account issuance, domestic money transfer, cross-border money transfer and e-money issuance.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Monetary Authority of Singapore Singapore | Major Payment Institution (account issuance, domestic money transfer, cross-border money transfer and e-money issuance services) | — | In its own name | Active | eservices.mas.gov.sg ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsAt group level, XTransfer states that it keeps client funds separate from its operational funds, in segregated accounts at partner banks. The firm does not publish its Singapore safeguarding arrangement.
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
According to the group, the Singapore offering covers account setup, top-ups, currency exchange and cross-border collection and payment for SMEs engaged in international trade.
The MAS licence covers its payment services in Singapore. Group entities in other jurisdictions serve customers elsewhere.
- Sells to
- Small businesses · Enterprises
- Serves customers in
- Singapore
- Latest funding round
- Series E
Leadership
Researched 29 Sep 2026 · Sources
- Chair & chief executive
- Bill Deng (Deng Guobiao) Founder and CEO of XTransfer; Chairperson of the Board of Extransfer Limited (group level)
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The group holding company, Extransfer Limited, applied to list on the Hong Kong Stock Exchange, with UBS and CICC as overall coordinators.
www1.hkexnews.hk ↗ -
Funding
The XTransfer group completed a Series E round, which Fintech News Hong Kong reported at USD 69 million.
fintechnews.hk ↗ -
Licence
MAS granted the firm a Major Payment Institution licence under the Payment Services Act 2019, effective 1 January 2025.
prnewswire.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
- BIC
- Holds no BIC in Swift’s directory
- LEI
- No LEI mapped
- Elucidate firm ID
- b871e358313c
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Main licence class
- Payment Institution
- Activities
- Money remittance
- Payment services
- E-money / stored value
- Licensed in
- Singapore · East Asia & Pacific
- First registered
- Not published
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
No LEI is matched to this entry, so GLEIF relationship records cannot be linked.
Addresses
- Address on the register
- 96 ROBINSON ROAD #17-04 SIF BUILDING 068899, Singapore, 068899
- Country
- Singapore
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.
- Identified by
- Name and postal address. No LEI or clearing code is mapped in the directory
- Postal address
- Hybrid: town, postcode and country in their own elements, the rest in two address lines
<FinInstnId>
<Nm>Xtransfer Pte. Ltd.</Nm>
<PstlAdr>
<PstCd>068899</PstCd>
<TwnNm>Singapore</TwnNm>
<Ctry>SG</Ctry>
<AdrLine>96 ROBINSON ROAD #17-04 SIF</AdrLine>
<AdrLine>BUILDING 068899</AdrLine>
</PstlAdr>
</FinInstnId>- The address line repeats the town or postcode. Remove the repeat if your payment system rejects it.
CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.
The values are as published by the register. Check them against your own records before use.
Sources & method
Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.
An institution missing from these registers is not necessarily unregulated.
Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Register for this page
- MAS Financial Institutions Directory - Major Payment Institution—Monetary Authority of Singapore (MAS) · source ↗ as at 25 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
Assess the financial crime risk behind a licence
A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
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