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A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
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May 14, 2026
On the web
Citi: Bridging the 24/7 Divide: How Blockchain and Tokenization Can Propel Finance Into the Real-Time Future
Citigroup
"The financial industry faces an "Always-On Divide"—a structural gap between the 24/7 digital economy and a legacy financial system constrained by batch processing, market hours and fragmented liquidity Blockchain and tokenization offer a solution by creating a programmable infrastructure where digital assets, tokenized deposits and smart contracts enable real-time, continuous and automated financial operations."
April 28, 2026
On the wires
Ant International Launches PayTo Payment Solution for Australian SMEs
Business Wire
"Ant International announced an exclusive move to integrate PayTo into its Global Account Service in Australia. This solution enables Australian export SMEs to access a faster, cost-effective, and more secure alternative to account-to-account pull payments. The announcement is a collaboration with global leader in transaction banking, Citi. Citi's role as the initiator sponsor bank provides the foundation for the speed, security, and reliability of this new service."
April 13, 2026
On the web
Managing The Quantum Threat to Blockchains
Citigroup
"Quantum computing primarily threatens public-key cryptography especially digital signatures that secure authentication identity and blockchain ownership The most immediate risk to blockchains is exposed public keys and operational key infrastructure not the underlying blockchain protocol Even if cryptographically relevant quantum machines are years away companies must start preparing now because upgrading blockchains takes time."
March 12, 2026
On the web
Supercharged: AI and the New Age of Disruption
Citigroup
"Technology has always had the power to reshape societies. But the current wave of disruption – driven by advances in artificial intelligence – is unfolding at dizzying pace and on an unprecedented scale.Unlike previous technological revolutions, which generally took decades, AI is firing change across industries, institutions and societies in real time.It’s a challenge just to keep up. This Citi Institute report focuses on a few areas of disruptive technology, taking in innovations themselves, but also the shifts they will drive."
November 20, 2025
On the web
Beyond Stablecoins: Why Bank Tokens Could Boom
Citi
"New technology tends to follow a familiar pattern: we overestimate its impact in the short run and underestimate it in the long run. Blockchain should be no different. But this time, the scale could be extraordinary. By 2030, tokenized bank deposits—digital versions of insured money—could support $100-140 trillion in annual flows, rivaling or even surpassing stablecoins, according to Citi Institute’s latest projections in our recent report Stablecoins 2030: Web3 to Wall Street."
October 27, 2025
On the wires
Citi and Coinbase Join Forces to Boost Digital Asset Payment Capabilities for Global Clients
Business Wire
"Citi and Coinbase are collaborating to develop digital asset payment capabilities for institutional clients. The collaboration will first focus on streamlining fiat pay-ins/pay-outs and payments orchestration, enhancing the bridge between traditional and digital finance for Coinbase's on/off ramps."
October 16, 2025
On the web
GenAI in Treasury: A Practitioner's Guide
Citi
"Corporate treasury teams are increasingly expressing interest in Generative AI (GenAI). There is eager fascination in GenAI’s potential to enhance productivity, automate decisions, and simplify processes. However, for those tasked to deploy, there lies a sobering reality: most treasury teams struggle to move beyond experimentation. Production-ready GenAI solutions remain scarce, with many pilot initiatives failing to progress. And there is debate as to whether the recent growth of AI investment will be sustained."
September 30, 2025
On the web
Citi’s Tokenized Deposits Now Support Interbank Payments 24/7
Ledger Insights
"Currently many tokenized deposit solutions only work between customers of the same bank, rather than for interbank payments. Citi has partially addressed this drawback. The bank has integrated its blockchain-based Citi Token Services with its 24/7 USD Clearing solution, which runs on conventional technology. This enables Citi customers to initiate payments to any of the 250 banks in 40 jurisdictions that use 24/7 USD Clearing."
September 25, 2025
On the web
Stablecoins 2030: Web3 to Wall Street [Report]
Citi
"Back in April Citi Institute GPS: Digital Dollars, we argued that 2025 would be blockchain’s ChatGPT moment, with stablecoins igniting the shift. Now that transformation is unfolding at remarkable pace. This summer has brought a raft of announcements, especially by digitally native companies, to bring stablecoins to commerce and real-world activities. In addition, existing crypto-driven stablecoin activity has continued to grow. Issuance volumes are up from approximately $200 billion at the start of 2025 to about $280 billion."
On the wires
Citi and Dandelion Collaborate to Transform Cross-Border Payments, Enabling Near-Instant Payments into Digital Wallets Across the Globe
Business Wire
"Citi and Dandelion are collaborating to enable near-instant, full-value cross-border payments directly into digital wallets across the globe, leveraging Citi’s WorldLink® Payment Services and Dandelion’s extensive digital wallet network. The collaboration is launching in the Philippines, Indonesia, Bangladesh and Colombia, enhancing Citi’s offering and facilitating faster and more cost-effective business-to-consumer payments, from remittances to payroll and social benefits."
September 15, 2025
On the web
Citi & U.S. Bank to Pilot Mastercard’s AI Payments Service
Banking Exchange
"Citi and U.S. Bank Mastercard cardholders will be the first to trial Agent Pay, a new service that allows AI agents to initiate and complete transactions on behalf of users. Mastercard unveiled the technology in April and plans to roll it out to all US cardholders by the holiday season, ahead of a global launch. Agent Pay is designed to embed payments into the growing ecosystem of agentic AI, which are artificial intelligence tools that act independently to handle tasks for users."
August 15, 2025
On the wires
Citigroup Considers Custody and Payment Services for Stablecoins, Crypto ETFs
Reuters
"Citigroup is exploring providing stablecoin custody and other services, a top executive told Reuters, in a further sign sweeping policy changes in Washington are spurring major financial firms to expand into the cryptocurrency business. The U.S. bank is among a handful of traditional institutions, including Fiserv and Bank of America, considering pushing into stablecoins after Congress passed a law paving the way for the crypto tokens to become widely used for payments, settlement, and other services."
July 18, 2025
On the web
Citi and Ant International Pilot AI-enabled Forecasting Solution to Enhance FX Risk Management for Airline Customers
Ant International
"Citi and Ant International announced that they are piloting the use of Ant International's Falcon Time-Series Transformer (TST) Model to deliver an enhanced FX risk management solution for their customers. Developed with aviation clients as an initial use case, the solution aims to offer greater payment solutions for the airline industry, which processes billions of payment transactions annually."
July 16, 2025
On the wires
Some Big US Banks Plan to Launch Stablecoins, Expecting Crypto-Friendly Regulations
Reuters
"Some large U.S. lenders, including Bank of America and Citibank, are working on launching stablecoins at a time when the country is looking to adopt more crypto-friendly regulations. BofA CEO Brian Moynihan said on Wednesday the bank is working on launching a stablecoin, and investors can expect the lender to move forward with it, without giving a timeline."
June 12, 2025
On the web
Citi Expands Global Payments Platform in Shift Towards ‘Self-Sustainable’ Model
The Banker
"Citi is pushing ahead with the global implementation of a new payments infrastructure that marks a break from reliance on external vendors, as the bank rolls out a platform first piloted in Malaysia last year. Citi’s engineers built the payments processing capabilities into microservices — and used the Icon Payments Framework to develop a common payments processing workflow. IPF underpins a microservices architecture for processing real-time gross settlement transactions on an ISO 20022 -native platform."
May 23, 2025
On the web
Citi Rolls Out PayTo Solution for Institutional Clients in Australia
IBS Intelligence
"Citi has launched its PayTo initiator service, providing institutional clients with a fast, secure and cost-effective alternative to traditional credit card, debit card, or direct debit payments. With PayTo, Citi’s institutional clients can now initiate real-time account-to-account pull payments, allowing their end-customers to authorise payments directly from their bank accounts. This capability facilitates instant transactions and improves transparency."
May 14, 2025
On the web
Stablecoins Will Expand Beyond Crypto Trading, Become Part of Mainstream Economy, Citi Predicts
CoinDesk
"The stablecoin market could soon eclipse the entire crypto trading ecosystem that gave birth to it as regulatory tailwinds allow for the integration of the fixed-value tokens into the mainstream economy, according to predictions from global bank Citi. Above and beyond their role as tokenized cash for the crypto trading community, stablecoins — digital tokens whose value is pegged primarily to the U.S. dollar — are already expanding into payments and remittances."
April 30, 2025
On the web
Digital Dollars: Banks and Public Sector Drive Blockchain Adoption
Citigroup
"Blockchain’s adoption is being driven by evolving regulation and a growing emphasis on transparency and accountability. This GPS report focuses on two key areas: enabling new financial instruments – such as stablecoins – and modernizing legacy systems. With the tailwind of regulatory support and factors such as the increased integration of digital assets into incumbent financial institutions and favorable macroeconomics, we expect increased demand for stablecoins ahead."
March 21, 2025
On the web
How Traditional Banks Are Making Embedded Finance Work Without Changing Their DNA
Tearsheet
"Legacy banks are embracing embedded finance to forge deeper relationships with clients and merchants beyond merely staying relevant. We deep dive into how J.P. Morgan Chase and Citi are building on their existing infrastructure to ramp up embedded payment investments, turning modern business needs into new opportunities, and what strategies have been working well in their favor."
January 3, 2025
On the web
How Citi Is Strengthening Its Merchant Relationships Through Citi Pay
Tearsheet
"Last year, Citi launched Citi Pay, a suite of pay-over-time solutions with digital credit lines and merchant installment loans to help consumers split large purchases. We explore what retailers seek from their banking relationships and why Citi opted for partnerships over in-house development when creating the Citi Pay suite."
November 13, 2024
On the web
Citi and Bank of Shanghai Launch First-of-Its-Kind Payments Solution for International Travelers in China
Business Wire
"Citi and Bank of Shanghai launched a first-of-its-kind payments solution on Bank of Shanghai’s TourCard. The TourCard aims to provide international travelers a straightforward, cost-efficient and more streamlined Chinese yuan renminbi (CNY) payment journey while traveling in China."
October 14, 2024
On the web
Citi Token Services for Cash Goes Live
Ledger Insights
"A year ago, Citi unveiled two tokenized deposit solutions in pilot mode. Citi Token Services for Cash enables enterprises and institutions to move money between Citi branches around the world 24/7. This is now available commercially, with Mars as one of the first clients."
October 10, 2024
On the wires
Citi and Mastercard Join Forces to Transform Global Cross-Border Payments
Business Wire
"Citi and Mastercard announced a collaboration to offer cross-border payments to Mastercard debit cards in 14 receiving markets worldwide, with plans for further expansion. Citi is the first global bank to enable cross-border payments to Mastercard debit cards using Mastercard Move, tapping into the speed, security and transparency of the Mastercard network."
June 11, 2024
On the wires
Citi Launches Citi Real-Time Funding for Corporate Clients, Expanding Its Real-Time Treasury Suite
Business Wire
"Citi announced the launch of Citi Real-Time Funding (RTF), the latest addition to its real-time treasury suite of solutions for corporate clients. Citi Real-Time Funding is now available in Australia, Hong Kong and the United Kingdom, with plans to expand to additional markets later this year."
November 6, 2023
On the web
Citi's Latest Move Could Wreak Havoc on Consumers’ Finances
"Citi is doubling-down on its push to make customers switch to paperless billing. The bank is threatening to cut customer’s access to their bank accounts online if they refuse to go the paperless route."
October 19, 2023
On the wires
Citi and Navan Launch First Complete Travel and Expense System for Citi Commercial Bank Clients
Business Wire
"Citi and Navan, a leading modern travel and expense management solution, announced the launch of a new, jointly branded travel and expense system designed for Citi Commercial Bank (CCB) cardholders."
September 20, 2023
On the web
Citi Develops New Digital Asset Capabilities for Institutional Clients
Citigroup
"Citi Treasury and Trade Solutions announces the creation and piloting of Citi Token Services for cash management and trade finance. The service uses blockchain and smart contract technologies to deliver digital asset solutions for institutional clients."
September 14, 2023
On the wires
Citi Launches Suite of Auto-Enabled Payment Solutions for Financial Institutions
Businesswire
"Citi Treasury and Trade Solutions launches a set of four payment solutions for Financial Institution (FI) clients, which are designed to improve the client experience for their end users. It includes: Extending the capabilities of Citi’s 24/7 USD Clearing for FIs to include payments to companies and individuals; Confirmed Value Transfer (CVT), allowing for transparency on associated deducted fees ahead of initiating a transaction when there are multiple parties involved in processing a USD cross-border payment; Ability to initiate payments in over 70+ currencies from a single USD account; Access to Swift Go"
June 19, 2023
On the web
Citi TTS Selects Pismo to Enrich Global Demand Deposit Account Solutions
Citigroup
"Citi Treasury and Trade Solutions (TTS) and Pismo, the next-gen banking and payments software company, jointly announced their relationship in which Citi will use Pismo’s technology platform to help strengthen Citi’s corporate demand deposit accounts (DDA), to clients worldwide."
May 24, 2023
On the web
Citigroup to Spin Off its Mexico Business, Banamex, After Sale Efforts Collapse
CNBC
"Citigroup said Wednesday it plans to pursue an initial public offering of its Mexico business, Banamex, scuttling a 16-month effort to find a buyer for the unit. The bank expects to complete the separation in the second half of 2024, with a public offering likely to follow in 2025, Citigroup said in a release. It hasn’t yet decided on a listing destination, but a dual listing in Mexico and the U.S. is possible, a source familiar with the plans told CNBC."