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PicPay collaborates with Citigroup on US IPO

News | Mobile Payments | 20 Jun 2024

Brazil-based mobile banking app PicPay is allegedly in a close collaboration with banking group Citigroup for a potential initial public equity offering (IPO) in the US.

ecommerce, partnership, IPO, digital wallet, digital payments, digital banking, equity, cross-border payments, digitalisation, financial inclusion, financial services, fintech, local payment method, instant payments, public listing, PIX

Citigroup to cut 10% of its workforce as part of a corporate overhaul

News | Online & Mobile Banking | 16 Jan 2024

US-based Citigroup has revealed its plans to cut 10% of its workforce in an effort to improve the bank’s results and stock price.

banks, banking, financial institutions, spend management

Citigroup delays the launch of its China investment bank

News | Online & Mobile Banking | 19 Dec 2023

Citigroup has announced a delay in its strategy of developing a wholly-owned securities business in China in order to comply with the country’s data laws. 

product launch, banking, online banking, digital banking, mobile banking, financial services, financial institutions

Citigroup acquires Deutsche Bank's Mexico license

News | Online & Mobile Banking | 25 Jul 2023

US-based Citigroup has completed its acquisition of the Deutsche Bank AH’s Mexican bank license to set up a separate institutional bank in the region.

acquisition, banking, online banking, digital banking, mobile banking, banking license

US banking community starts digital dollar pilot

News | Online & Mobile Banking | 17 Nov 2022

Members of the US banking community have launched a proof of concept (PoC) project that will explore the feasibility of an interoperable digital money platform known as the regulated liability network (RLN). 

partnership, banks, DLT, digital currency, blockchain