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Hokodo announces Series B funding extension from Citi

News | Payments General | 25 Apr 2023

UK-based Buy Now, Pay Later solution Hokodo has received a Series B funding extension from financial services provider Citi to support the former’s expansion.

BNPL, funding, expansion, investment, Citi

Citi foresees USD 4 tln in value of tokenized assets by 2030

News | Cryptocurrencies | 05 Apr 2023

US-based bank Citi has released a report that outlines the future for asset tokenization and the token economy.

blockchain, tokenization, Citi, report, security token

Citi launches Citi Travel in partnership with

News | Ecommerce | 19 Aug 2022

US-based bank Citi has rolled out a new travel booking platform in collaboration with and Rocket Travel.

Citi, crypto, partnership, loyalty programme, travel payments, ecommerce

Citi, Global Cleantech Capital lead Crowdz' USD 10 mln investment

News | E-invoicing, SCF & E-procurement | 12 May 2022

SME finance platform Crowdz has secured USD 10 million in investment.

investment, e-invoicing, accounts payable, accounts receivable, Citi

Citi expands ecommerce payments offering through EBANX

News | Online Payments | 26 Apr 2022

US-based bank Citi has partnered with payments processor EBANX to provide an end-to-end digital payments solution for its clients in LATAM.

Citi, partnership, digital payments, local payment method, digital wallet, payment processing

Citi will use recycled plastic for corporate cards

News | Payments General | 25 Apr 2022

Financial service multinational, Citi, has announced it introduced recycled PVC for its corporate cards, with the initiative first rolling out in Europe, the Middle East, and Africa.

credit card, sustainability , payments , Citi, green finance, corporate card

Marqeta, Citi Commercial Cards to power global mobile wallets offering

News | Cards | 09 Mar 2022

Modern card issuing platform Marqeta has announced that Citi Commercial Cards has selected its tokenization-as-a-service capabilities to facilitate the provisioning of cards into mobile wallets. 

partnership, Marqeta, Citi, mobile payments, corporate card, e-wallet

Citi sells Taiwan consumer banking presence to DBS

News | Online & Mobile Banking | 01 Feb 2022

Singapore-based DBS has decided to buy Citi’s consumer-banking business in Taiwan for cash equivalent to the net assets transferred plus a premium of roughly USD 704.2 million, according to Banking Dive.

Citi, acquisition, retail banking

Swiss National Bank successfully tests wholesale CBDC settlement

News | Cryptocurrencies | 13 Jan 2022

The Swiss National Bank (SNB), BIS and SIX have successfully tested the integration of wholesale CBDC settlement with commercial banks.

CBDC, central bank, digital currency, Citi, DLT

The Home Depot launches new credit options for Pro customers

News | Cards | 12 Jan 2022

US-based retailer The Home Depot has introduced the Pro Xtra credit card, a new iteration of its Commercial Revolving Charge, as well as updates to its commercial account card.

credit card, product upgrade, retail, Citi, loyalty programme

Citi's Present and Pay introduces account authentication and real-time payments

News | Online Payments | 14 Dec 2021

Global bank Citi’s Treasury and Trade Solutions (TTS) has announced the improvement of in-house payment platform Present and Pay by introducing real-time payments. 

Citi, payment processing, e-invoicing, online payments, mobile payments

Mercado Libre receives USD 375 mln in credit from Citi

News | Payments General | 01 Dec 2021

LATAM’s biggest ecommerce platform Mercado Libre has borrowed USD 375 million from Citi Bank to expand its credit offer to SMEs, entrepreneurs, and consumers across Mexico and Brazil. 

investment, Citi, Mercado Libre, financial inclusion, expansion, online payments

Citi Australia to offer 5 per cent cashback on credit cards

News | Cards | 10 Nov 2021

Citing a survey conducted on its clients, Citi Australia has announced that it will offer 5% cashback on credit cards for Christmas 2021 shopping.

online shopping, online payments, credit card, Citi

Mastercard and Citi expand partnership for financial inclusion

News | Payments General | 08 Oct 2021

Mastercard has announced a new partnership with Citi to support local residents and small businesses through public-private sector collaboration.

Mastercard, Citi, financial inclusion, partnership

Citi launches technology hub in Bahrain

News | Payments General | 29 Sep 2021

Citi has introduced a dedicated technology hub in Bahrain in order to develop its digital-first platforms.

Citi, fintech, digital banking

BNY Mellon, Citi, Verizon launch real-time bill pay

News | Online & Mobile Banking | 20 Sep 2021

BNY Mellon and Citi have collaborated with Verizon to allow the company to send request-for-payment messages to consumers who bank with Citi, according to the official press release. 

ACH, real-time payments, online banking e-payment, Citi, Open Banking

BNY Mellon and Citi collaborate with Verizon for real-time bill pay

News | Online Payments | 16 Sep 2021

BNY Mellon and Citi have collaborated with Verizon to be one of the companies to send request-for-payment messages to consumers who bank with Citi.

Citi, partnership, product launch, retail, Request to Pay, banks, real-time payments

PayMate enters UAE with new partnerships

News | Cards | 26 Aug 2021

PayMate, an Indian-based payment solution provider, has partnered with Visa and Citi to automate the way businesses pay their suppliers in the UAE.

B2B payments, Visa, Citi, partnership, corporate card

Citi launches Spot. Buy Now Pay Later

News | Ecommerce | 04 Aug 2021

Citi Australia has opened pre-registrations for its BNPL service called ‘Spot. Buy Now Pay Later.’ 

Citi, product launch, BNPL, ecommerce, online shopping

Where Open Banking and payments innovation meet - interview with Citi

Interviews | Payments General | 27 Jul 2021

Mark Smith, Head of Treasury and Trade Solutions for EMEA at Citi, discusses payments innovation, investments, ISO 20022, and how banks can monetise on Open Banking

Citi, digitalisation, treasury, instant payments, ISO 20022, Open Banking