pymnts Profile:
Citigroup Inc. (NYSE: C)
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services corporation headquartered in New York City.
Papaya Global Integrates Citi Solutions to Enhance Cross-Border Workforce Payments
July 2, 2025
Papaya Global has integrated Citi’s payment solutions to enhance cross-border payments made through its workforce payroll and payments platform. The integration of Citi’s CitiConnect for API, Payer ID and WorldLink solutions ...Read moreCiti UK CEO: Regulators Should Not Force Crypto Into Shadow Banking Sector
June 26, 2025
Citi UK CEO Tiina Lee reportedly said Thursday (June 26) that regulators should not place restrictions on banks’ cryptocurrency holdings that are so “prohibitive” that those assets are driven into ...Read moreUBS Invests in Icon’s Payment Modernization Efforts
June 23, 2025
Payments technology FinTech Icon Solutions has landed an equity investment from UBS. This investment, announced in a news release Wednesday (June 18), comes on top of additional funding from existing investors ...Read moreCiti and Carlyle Group Partner on ‘Side-by-Side’ FinTech Fund
June 12, 2025
Citigroup and Carlyle Group have reportedly joined forces to fund FinTech companies. As Bloomberg News reported Thursday (June 12), the companies have signed an agreement that lets them jointly invest in ...Read moreCitigroup Increases Loan Loss Provisions Due to ‘Macro Environment’
June 10, 2025
Citigroup is reportedly preparing for a possible decline in consumer financial health by putting aside more provisions for potential losses on loans. “Given the macro environment, etc., cost of credit compared to ...Read moreCiti to Sell Polish Consumer Banking Business Amid ‘Strategic Refresh’
May 27, 2025
Citi Handlowy, a Polish banking business that is majority-owned by a Citigroup subsidiary, plans to sell its consumer banking business to VeloBank S.A., a Poland-based universal bank. The transaction, which is expected to ...Read moreCiti Introduces Account-to-Account Payment Tool PayTo
May 22, 2025Citi has debuted its PayTo initiator, a payment solution for its institutional clients. PayTo lets clients access what Citi calls a “faster, cost-effective, and more secure” alternative to credit cards, debit cards ...Read moreCiti CEO Jane Fraser: Tariffs May Create ‘More Multipolar System’
May 20, 2025
A more multipolar system of trade and capital could emerge from the current disruptions caused by tariffs, Citi CEO Jane Fraser wrote in a Friday (May 16) blog post. Tariffs have ...Read moreCiti: Stablecoin Market Could Hit $3.7 Trillion by 2030
May 12, 2025
Could the stablecoin market someday surpass the larger cryptocurrency ecosystem? New regulatory efforts promoting the integration of the dollar-pegged coins into the mainstream economy might soon make that happen, CoinDesk reported ...Read moreCorporate Lending and Spending in ‘Wait and See’ Mode Amid Tariff Uncertainty
April 21, 2025
Through the past few weeks, bank earnings and American Express’ latest results point to a commercial lending environment where demand is muted in real estate, stronger in other sectors — ...Read more
Digital Wallets Help Rewrite the Calculus for Cross-Border SMB Growth
July 7, 2025
Cross-border transactions have historically been the Achilles’ heel of small- to medium-sized businesses (SMBs). While digital tools and eCommerce platforms have lowered barriers to finding international customers and suppliers, sending and ...Read moreBanks Risk Market Share Loss Without Instant Payment Options
July 7, 2025
While real-time networks like The Clearing House’s RTP® network have surpassed 1 billion transactions, a critical gap persists. The PYMNTS Intelligence report “The Real-Time Leap: Closing the Gap Between Receiving and ...Read moreDigital Wallets and Bank Accounts Capture Consumer Rush to Instant Payments
July 3, 2025
Recent data underscores a durable trend: Consumers expect and demand instant access to their money, particularly for larger sums, and exhibit clear preferences for where this money lands — primarily ...Read moreDeutsche Bank Reportedly Plans Crypto Custody Service
July 1, 2025
Deutsche Bank is reportedly planning to debut its cryptocurrency custody service in 2026. The banking giant recruited the technology division of crypto exchange Bitpanda to help develop the offering, Bloomberg reported ...Read moreSouth Korea Pauses CBDC Efforts Amid Rising Stablecoin Excitement
June 30, 2025
The Bank of Korea is reportedly suspending its digital currency program amid increased stablecoin enthusiasm. The central bank (BOK) has paused preparations for the next phase of its digital won program, Bloomberg News reported ...Read moreAltcoins Threaten to ‘Wither Away’ Amid Bitcoin’s Ascendency
June 30, 2025
So far, this has been a great year for cryptocurrency. Or at least one form of cryptocurrency. As Bloomberg News reported Monday (June 30), while bitcoin has enjoyed a rally thus far in ...Read moreCrypto Custodian Anchorage Phasing Out USDC Use
June 29, 2025
Cryptocurrency custodian Anchorage Digital has decided it will stop supporting the popular USDC stablecoin. As Coindesk reported Friday (June 27), this move has provoked sharp criticism from USDC-issuer Circle and other ...Read moreRevolut Reportedly Acquiring Argentinian Lender Banco Cetelem
June 26, 2025
Digital bank Revolut is buying Banco Cetelem, a small Argentinian lender owned by BNP Paribas. “Argentina’s digital banking industry has seen significant growth in recent years, with the majority of the ...Read moreSpending Dips 13% As Gen Z Makes Saving ‘Cool’
June 25, 2025
For younger Americans in the Generation Z cohort, spending is out, while saving is reportedly in. That’s according to a report Tuesday (June 24) by the Wall Street Journal (WSJ), citing ...Read moreHow Can We Best Monitor AI Agents?
June 25, 2025
This paper examines the critical challenge of monitoring AI agent transaction execution within decentralized digital ecosystems, highlighting the deficiencies of traditional centralized AI-driven supervision, including opacity, bias, and systemic vulnerabilities. ...Read more
Digital Wallets Help Rewrite the Calculus for Cross-Border SMB Growth
July 7, 2025Cross-border transactions have historically been the Achilles’ heel of small- to medium-sized businesses (SMBs). While digital tools and eCommerce platforms have lowered barriers to finding international customers and suppliers, sending and ...Read moreFreightos, Seko Expand Global Shipping Partnership Amid Supply Chain Uncertainty
July 7, 2025
Freightos and Seko Logistics are expanding their partnership to improve the speed and accuracy of multimodal shipments worldwide. Seko is scaling its use of Freightos’ 7LFreight and WebCargo forwarder solutions, ...Read moreBanks Risk Market Share Loss Without Instant Payment Options
July 7, 2025While real-time networks like The Clearing House’s RTP® network have surpassed 1 billion transactions, a critical gap persists. The PYMNTS Intelligence report “The Real-Time Leap: Closing the Gap Between Receiving and ...Read more30% of Rural Businesses Say Sales Are Down
July 7, 2025
While many small- to medium-sized businesses (SMBs) nationwide are charting a course toward long-term growth, a new financial analysis reveals a geographic divide in their optimism. The PYMNTS Intelligence report “The ...Read moreAppeals Mount Against NCAA Settlement Over Athlete Compensation
July 6, 2025
The National Collegiate Athletic Association (NCAA) is now facing a series of legal challenges after a federal judge in California approved a groundbreaking multibillion-dollar settlement meant to compensate athletes for ...Read moreNew AI Startup Turns a Dog’s Bark Into a Human Conversation
July 3, 2025
Animal behaviorist Con Slobodchikoff has spent decades listening to how prairie dogs talk to each other. Now, the biologist is teaching machines to do the same — starting with dogs. As ...Read moreDigital Wallets and Bank Accounts Capture Consumer Rush to Instant Payments
July 3, 2025Recent data underscores a durable trend: Consumers expect and demand instant access to their money, particularly for larger sums, and exhibit clear preferences for where this money lands — primarily ...Read moreWise Files Application to Create National Trust Bank in US
July 2, 2025
London-headquartered payments firm Wise reportedly filed an application to create a national trust bank in the United States. The application was filed June 16 with the U.S. Office of the Comptroller ...Read moreNavan CTO on Building an Agentic AI Platform With ‘Zero Critical Hallucinations’
July 2, 2025
When Navan, a business travel and expense management company, set out to build its artificial intelligence-powered virtual travel agent called Ava, it faced the challenge of making sure the system ...Read morePapaya Global Integrates Citi Solutions to Enhance Cross-Border Workforce Payments
July 2, 2025Papaya Global has integrated Citi’s payment solutions to enhance cross-border payments made through its workforce payroll and payments platform. The integration of Citi’s CitiConnect for API, Payer ID and WorldLink solutions ...Read more
Report: Michaels Gains Customers After Rival Retailers’ Store Closures
June 26, 2025
Crafts retailer Michaels reportedly saw a 2.3% increase in same-store sales in the quarter ended May 1. In a private report to its debtholders, the company attributed the increase in part ...Read moreConsumers Say Merchants Shifting Blame for Higher Prices to Tariffs
June 26, 2025
Getting married this summer? Know someone who is? A wedding dress will set you back on average $2,100, according to The Knot. While that’s roughly on par with prior years, ...Read moreSpending Dips 13% As Gen Z Makes Saving ‘Cool’
June 25, 2025For younger Americans in the Generation Z cohort, spending is out, while saving is reportedly in. That’s according to a report Tuesday (June 24) by the Wall Street Journal (WSJ), citing ...Read moreWalmart Testing Dark Stores to Provide Faster Delivery to Customers
June 24, 2025
Walmart is reportedly testing the use of dark stores to provide faster delivery to customers. The company has opened a dark store in Dallas, plans to add one in Bentonville, Arkansas, ...Read moreTarget Testing Factory-Direct Shipping of Low-Cost Products
June 24, 2025
Target is reportedly testing a service that would ship products directly from factories to customers’ homes. The service would focus on low-cost products like apparel, household goods and other non-food items, Bloomberg reported Tuesday ...Read moreTariffs Could Tack Extra $2K Onto Car Price Tags
June 19, 2025
American tariff policy is reportedly set to make the cost of buying a car even higher. Auto prices are expected to climb by nearly $2,000 per vehicle, Bloomberg News reported Thursday ...Read moreWalmart Working on Shoppable Ads for Vizio TVs
June 17, 2025
Walmart reportedly aims to enable consumers to make purchases through TV remotes and interfaces while they are watching TV shows. This plan is one of several that the retailer is working ...Read moreAt Home Seeks Bankruptcy Protection From ‘Impact of Tariffs’
June 17, 2025
Home décor chain At Home is shuttering dozens of stores as it seeks bankruptcy protection. The retailer, which has more than 200 locations throughout the U.S., announced its Chapter 11 filing in a Monday (June ...Read moreAuto Sales Return to Normal After Two-Month ‘Tariff Surge’
June 3, 2025
Auto sales reportedly returned to a normal level in May after spiking for two months when consumers sought to make purchases before new tariffs set in. Wards Intelligence reported Tuesday (June ...Read moreReport: Temu Loses 58% of US Daily Users Due to Tariffs
June 2, 2025
Temu reportedly lost 58% of its eCommerce platform’s daily U.S. users in May after the U.S. ended the de minimis exemption on imported goods from China on May 2. Reuters reported ...Read more