Citi Rewires Global Payments Through Single Swift Connection

Citi now enables its bank clients to access multiple cross-border instant payment markets through a single account structure, the bank said in a Tuesday (Sept. This solution also eliminates the need for these bank clients to have separate local banking relationships, bilateral agreements or local technical infrastructure, according to the release. Citi’s offering operates on the Swift payments scheme and is enabled through Citi’s Global Clearing network and WorldLink Payment