Citi expands global payment offering with new currencies

Citigroup has expanded its global payment service network’s cross-currency payment capabilities.

WorldLink Payment Services, the global payment arm of Citigroup, has expanded its automated clearing house (ACH) offering to include India, Mexico and Poland and an additional 13 transfer currencies for same day or next day settlement. WorldLink claims to have made it easier for clients to make payments into Malaysia, Haiti and Bermuda.

Morgan McKenney, global head of WorldLink Payment Services at Citi said: "Working with the right provider is vital to managing the many challenges our clients have in operating in a global and dynamic environment and making cross-currency payments effectively and efficiently.

"At Citi, given the scale, breadth and expertise of our foreign exchange and payments capabilities globally, we can truly work with clients to power their business and enable their global flows."

WorldLink has added the Aruban Florin, Congolese Frank, São Tomé and Príncipe-Dobra and Turkmenistani Manat as new funds transfer currencies and Kuwaiti Dinar as an available funding currency.

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