Payoneer, a company facilitating international financial transactions, is leveraging Citi’s blockchain-powered platform to enable round-the-clock, immediate money movement within its own corporate structure.
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Payoneer is adopting Citi Token Services, which serves as Citi’s platform for tokenized payment solutions, to streamline fund transfers between its numerous worldwide accounts. This partnership aims to enhance speed, automate processes, and increase transparency across various branches and currencies.
According to Payoneer, this move is expected to bring about immediate access to funds on a global scale, resulting in more effective treasury management. This will be achieved via straightforward API connectivity and seamless blockchain integration with the company’s current treasury and payment infrastructure.
Bea Ordonez, Chief Financial Officer at Payoneer, stated: “The emerging blockchain-based framework is reshaping the landscape of global money transfers. By utilizing Citi Token Services, we can facilitate real-time cross-border transactions, providing our clientele with a notably faster and more streamlined service experience.”