Citi and Mastercard have announced a partnership to offer faster, more efficient cross-border payments using Mastercard debit cards across 14 global markets, with plans for expansion.
Through Citi’s WorldLink Payment Services and Mastercard Move, businesses in sectors like e-commerce, financial institutions, and corporates can make near-instant, full-value payments 24/7.
This collaboration supports use cases such as insurance payouts, airline refunds, and payments to gig-economy workers.
Citi is the first global bank to enable such capabilities, further strengthening its relationship with Mastercard.
Global Reach and Efficiency
Citi’s clients, operating across 65 originating countries, can leverage this innovative payment solution to streamline cross-border payments while benefiting from Mastercard’s network of over 3.4 billion issued cards.
With Mastercard’s extensive global presence and Citi’s proprietary payment infrastructure, this partnership addresses the growing demand for seamless, real-time cross-border transfers in a digitised global economy.
Expanding Cross-Border Payments
Debopama Sen, Citi’s Head of Payments, highlighted the growing need for secure and fast cross-border payments in the digital economy.
“As the global economy has become increasingly digital, our continued investment in the future of cross-border payments helps us drive innovation at scale for our clients.
This collaboration builds on our longstanding relationship with Mastercard and leverages the strength of our global proprietary network combined with other leading digital wallet and card capabilities.”
Mastercard’s Alan Marquard emphasised the milestone this partnership represents in bringing the convenience and security of domestic payments into the international arena, underscoring Mastercard’s continued focus on innovation in the cross-border payments sector.
By integrating these services, the partnership not only simplifies international transfers but also enhances security, transparency, and customer satisfaction, positioning both companies as leaders in the evolving payments ecosystem.
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