NewTech Friday: XREX – Enhancing cross-border trading and security for SMEs

Digital Reinvention
30/08/2024Interview

XREX is a blockchain-enabled financial institution that provides services to businesses in or dealing with emerging markets, and novice-friendly financial services to individuals worldwide. Wayne Huang, Co-Founder and Group CEO, tells Qorus’ Boris Plantier about the company and its offer.


What led to the creation of XREX?

XREX Group solves financial challenges that businesses face in emerging markets, particularly US dollar liquidity issues that hinder participation in global cross-border trade.

Founded on the ideals of financial inclusion and equal access to the global financial system, XREX Group leverages blockchain technologies such as stablecoins, and bridges traditional financial institutions to provide safe, accessible and trusted financial services for payments, remittances, transactions and asset allocation across their borders.

Want to keep reading?

Create a web account to get access to more insights

Related news & insights

21/11/2024News

Sumeria’s Café: Where banking meets community

French neobank Sumeria, a subsidiary of Lydia, has launched Un vrai coffee shop, a unique space open to all—customers and...

SME Banking
21/11/2024News

Westpac to boost SME support with 200 new bankers by 2027

Westpac has announced its commitment to hire 200 additional small business and SME bankers across Australia by the end of...

Digital Reinvention
20/11/2024Article

Revolutionizing financial services: The limitless potential of BaaS

In this article, Fatih Ogun, Head of Strategy at Akbank, sheds light on the concept of BaaS, its emerging use-cases...

20/11/2024News

TBC Uzbekistan launches state-of-the-art payments processing centre

This custom-built facility positions TBC to accelerate the rollout of innovative products and services in Uzbekistan, Central Asia’s most populous...

Digital Reinvention
20/11/2024News

Mastercard to eliminate passwords and card numbers for payments

Mastercard's approach combines tokenization, which protects sensitive data, with biometrics, ensuring transactions remain secure and efficient.

SME Banking
20/11/2024News

Fairplay secures $35 million USD financing from BBVA Spark

Fairplay, a leading platform for working capital solutions for small and medium-sized enterprises (SMEs) in Mexico, has announced a new...

19/11/2024Article

Qorus celebrates the success of its recent leaders roundtables

As demand grows for peer-to-peer intelligence in the banking industry, Qorus has stepped up with a unique approach: highly targeted,...

SME Banking
19/11/2024News

Airwallex launches program to support Kiwi startups

The initiative aims to empower Kiwi startups with resources to accelerate growth, offering practical tools, networking opportunities, and exclusive product...