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Treasury and Trade Solutions
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The Request to Pay Revolution
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CITI NEVER SLEEPS
The sun never sets on many multinationals – as one
business day winds down, another swings into action.
Companies accustomed to being ‘always on’
somewhere
are getting used to being always on
everywhere
.
In the same way that Citi provides global access to ACH
and RTGS clearings systems, we will provide clients with a
single point of access to the new real time payments and
collections systems, including RTP and other value added
services. Global merchants, marketplaces and fintechs seek
access to the new real time systems through harmonized
global interfaces.
Citi’s real time payments and collections capabilities are
integrated with our established transaction banking and
foreign exchange platforms: local bank accounts, global
liquidity structures, traditional payments and collections
instruments and reporting and analytics. Citi delivers this
‘multi-domestic’ model in around 100 countries.
As RTP develops, Citi will share lessons between markets,
working with regulators, governments and partner financial
institutions to deliver payment system innovations that work
at national and international levels, and for the individual
payment system user, whether consumer or business.
In doing so we enable progress through the inputs
from sophisticated clients – merchants, multinationals,
marketplaces, non-bank financial institutions, banks,
fintechs and governments – all of whom have a vital
role to play in the next generation of payment system
innovation. We invite our clients to engage with Citi to drive
developments, address challenges and benefit from the new
possibilities provided by real time payments and collections.
“We see an accelerated
convergence of payment methods
through rapid digitization. New
enablers like real time technologies,
regulations such as PSD2 and
wider digital transformations like
Internet of Things (IoT) vastly
increase the scope of electronic
payments beyond traditional
retail and banking sectors.
Worldline has a division dedicated
to digital payment solutions
in sectors such as e-ticketing,
connected objects, government
e-collection and healthcare.
Amazing possibilities are open in
our rapidly advancing industry!”
Gilles Grapinet, CEO Worldline