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."
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."
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."
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."
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."
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."
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."
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."
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."
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."
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."
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."
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."
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."
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."
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."
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."
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."
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."
"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."
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."
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."
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"
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."
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."
Business Wire
"As a leader in U.S. payments, Citi Retail Services, one of North America's largest and most experienced retail payments and credit solution providers, is expanding its embedded payments strategy with its suite of Citi Pay® products. Designed with customers and merchants in mind, the new family of products will deliver a digital-first, consumer finance journey in partner checkout processes."
Citigroup
"Walmart and Citi are collaborating to introduce the Bridge built by Citi platform (“Bridge”) to Walmart’s 10,000 small- and medium-sized businesses (SMBs) in their US-based supplier network. Bridge is a digital platform that connects SMBs with a diverse group of more than 70 lenders that provide qualifying businesses with loans of up to $10 million."
Thomson Reuters Institute
“Banks and distributed ledger technology (DLT) companies are together exploring ways to bring regulated liabilities — commercial bank money, central bank money, and e-money — onto a blockchain network that could ultimately deliver an “always on”, programmable, instant transaction settlement system to replace legacy payments infrastructure. “As DLT has the potential to represent multiple forms of digital value, we might go further and envision the creation of networks that tokenize regulated liabilities and assets on the same chain,” wrote Tony McLaughlin, head of emerging payments and business development in Citibanks’ trade solutions business, in a recent article. “Such a network would be significantly different from today’s siloed financial architecture — a regulated internet of value.””
“Citi has announced the launch of Single Euro Payments Area (SEPA) Instant Payments in Europe, further increasing the bank’s global Instant Payments offering. The launch will provide clients with the ability to pay to and receive from 36 SEPA countries instantly. The offering allows SEPA Credit Transfers to be made within seconds, 24/7 and funds available to recipients immediately. Payments can be made to and received from SEPA Instant participating banks located anywhere within the 36 country SEPA zone. The new offering provides clients with a single point of access through Citi’s platforms, CitiConnect® for Files, CitiConnect® API and CitiDirect®, for executing Instant Payments. With standardized connectivity platforms, clients will benefit from a scalable solution that can facilitate rapid global expansion within a consistent architecture.”
“Citi Retail Services, Shell Oil Products US and Excentus, a PDI company, owner and operator of the Fuel Rewards® program, are excited to introduce the new Shell | Fuel Rewards Mastercard® and the private label Shell | Fuel Rewards Card. In an industry-first move, these cards will combine fuel and non-fuel savings opportunities through the Fuel Rewards program, simplifying the customer experience into a single product.”
