Citi and PayPal Extend Partnership to Institutional Payments
Citi Treasury and Trade Solutions Enables Payments into PayPal Digital Wallets, Expanding Customer Choice
Citi clients will now have the added option of being able to pay directly into
“Mobile and digital wallets are becoming increasingly important alternative payment methods for our clients as they respond to changing consumer payment preferences. The growing digitization of our personal, professional and business experiences calls for ubiquitous and frictionless means of payment,” said
Citi and PayPal’s payment partnership highlights a shared vision to create a large interconnected ecosystem of global businesses and consumers that can make and receive fast, flexible and secure payments for commerce. Both Citi and
“Consumers are increasingly turning to mobile devices and digital wallets to manage and move their money. At the same time, we’re seeing global financial institutions, corporate enterprises and public sector entities needing more flexible ways to deploy payments,” said
WorldLink®, Citi’s flagship institutional cross-border payments solution, leverages the latest technology and serves more than 3,500 clients in over 195 countries. WorldLink® uses Citi's extensive network, on-the-ground branch presence and the bank’s direct access to approximately 250 local and regional clearing systems.
Citi Treasury and Trade Solutions (TTS) helps enable clients' success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions and public sector organizations across the globe. Based on the foundation of the industry's largest proprietary network with banking licenses in over 90 countries and globally integrated technology platforms, TTS continues to lead the way in offering the industry's most comprehensive range of digitally enabled treasury, trade and liquidity management solutions.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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