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.
KOKU Notches $2M In Funding; Citi Taps Into Biometrics In Asia
April 18, 2019
Welcome to The Axis, your late look at payments news from around the world. Coverage includes the $2 million pre-series A raise for Singapore’s KOKU. In addition, Citi is rolling ... Read moreCiti’s Earnings Pick Up 11 Pct Year On Year
April 15, 2019
While investors were ultimately bucked up by a buyback, results were missed when Citigroup reported earnings earlier on Monday (April 15).
By the numbers, earnings came above expectations at $1.87 per ... Read moreCiti Releases Annual Digital Money Index Report
March 28, 2019
Citi and the Imperial College Business School have released the latest Digital Money Index, a report that tracks 84 countries and their digital money readiness, Citi said in a news ... Read moreCiti Launches Digital Consumer Payments Platform
March 26, 2019
Citi’s Treasury and Trade Solutions, a unit of Citi, announced Tuesday (March 26) it is developing a new business unit that will enable consumers to make digital payments to institutions.
In ... Read moreCiti: Global Payments In Crosshairs Of Treasurers’ Biggest Challenges
March 14, 2019
Volatile times make for sleepless nights for corporate executives, particularly those whose job it is to manage the cash positions of their organizations. For corporate treasurers, Manish Kohli, global head of ... Read moreCross-Border Payments’ Pre-Validation Push
March 1, 2019
One mistyped account number can bring cross-border payments to a grinding halt — incurring fees and delays along the way. In February’s B2B API Tracker, Citi’s Global Head of Payments ... Read moreCiti: Pre-Validation Can Speed Cross-Border Payments
February 28, 2019
Demand for real-time payments is on the rise around the globe, and financial, tech and retail players are angling for a chance to more easily leverage them. As the Federal ... Read moreKyriba Links Treasurers To Citi Accounts Via API
February 27, 2019
Corporate treasury and cash management solutions provider Kyriba is linking its business users to faster payments functionality through a new collaboration with Citi.
In a press release issued on Tuesday (Feb. ... Read moreIn China, Some Banks Shy Away From Letting Cards Max Out
February 18, 2019
In China, Reuters reports that banks have resisted “maxing” out their credit card business, eyeing consumer spending and the fact that credit card lending has become what the newswire calls a ... Read moreCiti Digitizes Cash Pooling For Treasurers
February 14, 2019
Citi is launching a digital liquidity solution for corporate treasurers, the bank announced on Wednesday (Feb. 13).
The CitiDirect BE Cash Concentration solution provides digital cash pooling structure management for treasurers ... Read more
Blockchain Steers Toward Auto Supply Chain Transparency
April 24, 2019
To that end, Volkswagen, the German car manufacturer, said this week it is launching a blockchain pilot aimed at tracking battery supply chains that wend their way from production to ... Read moreExpensify Integrates With Grab
April 23, 2019
Corporate travel and expense management software provider Expensify is expanding its reach in Southeast Asia through a new collaboration with the region’s leading ridesharing company, Grab.
A press release Tuesday (April ... Read moreKroger Risks Losing The Digital Grocery Race
April 23, 2019
The world of groceries in the U.S. is a tough market – and getting tougher. And while the clash of the titans that is Amazon and Walmart’s battle for the consumer’s ... Read moreViva Air To Tap Into Mobile Payments; Bookme Closes Pre-Series A Funding Round
April 22, 2019
Welcome to The Axis, your late look at payments news from around the world. Coverage includes CellPoint Mobile’s plans to enable mobile payments for Viva Air, which has destinations in places ... Read morePayPal Eyes Credit To Monetize Venmo
April 21, 2019
Venmo, the digital payments company, is reportedly considering launching credit cards as a way to profit from its large customer base.
According to a report in The Wall Street Journal citing ... Read moreCan A Poverty-Fighting Tool In Bhopal Work For Customers In Brooklyn?
April 20, 2019
Microlending is a relatively simple concept that can be complicated to evaluate. The theory behind it, pioneered by Nobel Prize-winning economist Muhammad Yunus, is pretty straightforward. By accessing small loans at moderate ... Read moreSpring Break Goes High-Tech
April 20, 2019
From smart bags to social media, spring break is becoming a surprisingly digital and high-tech travel period in the U.S.
The words “spring break” evoke all kinds of mental images. Beaches, ... Read moreWhy Grab Built Its Ecosystem Around Drivers
April 19, 2019
Ankur Mehrotra, managing director and head of financial services for Grab, still gets emotional when talking about the drivers and their dreams of owning cars. Not exactly in a tearful ... Read moreKOKU Notches $2M In Funding; Citi Taps Into Biometrics In Asia
April 18, 2019Welcome to The Axis, your late look at payments news from around the world. Coverage includes the $2 million pre-series A raise for Singapore’s KOKU. In addition, Citi is rolling ... Read morePassport Taps Ex-Sage CEO To Lead Payments
April 18, 2019
Passport, the mobility management platform, announced Thursday (April 18) that it has named Greg Hammermaster as head of payments.
In a press release, Passport, which has more than $1 billion in ... Read more
Blockchain Steers Toward Auto Supply Chain Transparency
April 24, 2019To that end, Volkswagen, the German car manufacturer, said this week it is launching a blockchain pilot aimed at tracking battery supply chains that wend their way from production to ... Read moreExpensify Integrates With Grab
April 23, 2019Corporate travel and expense management software provider Expensify is expanding its reach in Southeast Asia through a new collaboration with the region’s leading ridesharing company, Grab.
A press release Tuesday (April ... Read moreKroger Risks Losing The Digital Grocery Race
April 23, 2019The world of groceries in the U.S. is a tough market – and getting tougher. And while the clash of the titans that is Amazon and Walmart’s battle for the consumer’s ... Read moreViva Air To Tap Into Mobile Payments; Bookme Closes Pre-Series A Funding Round
April 22, 2019Welcome to The Axis, your late look at payments news from around the world. Coverage includes CellPoint Mobile’s plans to enable mobile payments for Viva Air, which has destinations in places ... Read moreCan Millennials Revive Call Center Commerce?
April 22, 2019
Millennials have long borne the blame for a variety of problems in commerce, including the decline in popularity of diamonds and certain fast casual restaurants. Now that segment of young ... Read moreeBay In Talks To Invest In Paytm Mall
April 22, 2019
eBay is reportedly in talks to lead an investment in Paytm Mall in an effort to branch into offline-to-online commerce in India.
According to a report in the Economic Times, citing ... Read moreHow Credit Unions Face — And Embrace — Digital Disruption
April 22, 2019
“You can’t teach an old dog new tricks” — so goes the dim, cynical saying. That would seem to apply to credit unions (CUs), and to Consumers Credit Union of Illinois specifically, one ... Read morePayPal Eyes Credit To Monetize Venmo
April 21, 2019Venmo, the digital payments company, is reportedly considering launching credit cards as a way to profit from its large customer base.
According to a report in The Wall Street Journal citing ... Read moreCan A Poverty-Fighting Tool In Bhopal Work For Customers In Brooklyn?
April 20, 2019Microlending is a relatively simple concept that can be complicated to evaluate. The theory behind it, pioneered by Nobel Prize-winning economist Muhammad Yunus, is pretty straightforward. By accessing small loans at moderate ... Read moreSpring Break Goes High-Tech
April 20, 2019From smart bags to social media, spring break is becoming a surprisingly digital and high-tech travel period in the U.S.
The words “spring break” evoke all kinds of mental images. Beaches, ... Read more
Retailers Up Their Game To Win Over Gen Z
April 23, 2019
Part of the trick in retail is knowing when to pass the torch, so to speak – in other words, focusing more effort on reaching younger consumers and meeting their desires. ... Read moreKroger Risks Losing The Digital Grocery Race
April 23, 2019The world of groceries in the U.S. is a tough market – and getting tougher. And while the clash of the titans that is Amazon and Walmart’s battle for the consumer’s ... Read moreCan Millennials Revive Call Center Commerce?
April 22, 2019Millennials have long borne the blame for a variety of problems in commerce, including the decline in popularity of diamonds and certain fast casual restaurants. Now that segment of young ... Read moreSpring Break Goes High-Tech
April 20, 2019From smart bags to social media, spring break is becoming a surprisingly digital and high-tech travel period in the U.S.
The words “spring break” evoke all kinds of mental images. Beaches, ... Read moreChina’s Starbucks Rival Luckin Raises $150M
April 18, 2019
Luckin, a Chinese coffee startup that aims to dominate rival Starbucks in the Chinese coffee market, has raised $150 million in a Series B-plus fundraising round, according to a report. ... Read moreMarket Love For ‘A Tech Firm Delivering Pizzas’
April 18, 2019
Domino’s got a big boost in its share price, care of a big up-vote from Morgan Stanley Analyst John Glass in the form of a raised rating to overweight from ... Read moreWill Telling A Story Drive Foot Traffic To Macy’s?
April 18, 2019
2019 got off to a bumpy start for Macy’s, as holiday sales slumped when they were expected to soar.
“The holiday season began strong – particularly during Black Friday and the ... Read moreRetail Sales Mark Comeback, Rising 1.6 Pct In March
April 18, 2019
Spring has sprung, as March marched to the best showing of monthly retail sales data in a year and a half.
In terms of headline numbers, the data released by the ... Read moreAmazon To Shutter China Marketplace
April 18, 2019
Amazon is set to shut down its domestic marketplace in China by mid-July. Citing people familiar with the matter, Reuters reported that the eCommerce giant has decided to focus on ... Read moreHow 5G Could Be Rocket Fuel To Retail
April 17, 2019
The race to 5G retail is on.
The new, faster mobile network technology is a big part of the plans for many commerce and payments operators, even though specific use cases ... Read more