Citi has launched a new cross-border platform to help its multinational clients manage the complexities in collecting cross border business-to-business payments, according to Crowdfund Insider.
According to Citi, Citi Global Collect will help multinational clients continue to extend their global reach. The financial group claims the processing will make it easier to collect funds from overseas payers and apply cash faster.
Citi went on to add that Citi Global Collect is one of the new solutions being added to Citi’s continuously-expanding product suite, including Citi Payment Insights, Citi Virtual Accounts, Citi Smart Match, and Citi Payment Outlier Detection.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.