Citigroup Inc said on Tuesday it is developing a consumer-payments platform, in ...
FILE PHOTO: A Citibank sign on a bank branch in midtown Manhattan, New York, November 17, 2010. REUTERS/Mike Segar/File Photo
Citi's new service will offer merchants a range of consumer payment options to collect money, including from credit cards and e-wallets, the company said. This will expand its product portfolios within its mainstay business-to-business payment offerings. [The digital payment industry has been growing rapidly as more and more consumers make purchases online and use digital checkout services such as e-wallets or cash on delivery.
Citi’s move is the latest foray by a major U.S. financial institution after U.S. fintech group Fidelity National Information Services Inc agreed to buy payment processor Worldpay for $34.83 billion, marking the biggest acquisition in the digital payments industry.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Citi aims to grow Asia wealth management client base by 10 pct in 2019Citigroup Inc said on Tuesday it planned to grow its Asia Pacific wealth managem...
Read more »
Citi fires eight Hong Kong traders after review finds misconduct: sourcesCitigroup Inc has fired eight bankers and suspended three others from its equiti...
Read more »
Citigroup to sell Venezuelan gold in setback to President Maduro: sourcesCitigroup Inc plans to sell several tons of gold placed as collateral by Venezue...
Read more »
Viacom, AT&T renew contract, avoid DirecTV blackoutViacom Inc has renewed its carriage contract with AT&T Inc, avoiding a blackout ...
Read more »
Ford names Amazon veteran Tim Stone as CFOFord Motor Co on Thursday named former Amazon.com Inc and Snap Inc executive Tim...
Read more »
Sage gets U.S. approval for first postpartum depression therapyThe U.S. Food and Drug Administration on Tuesday approved Sage Therapeutics Inc&...
Read more »
FDA puts partial hold on clinical trials of AbbVie's cancer drugAbbVie Inc said on Tuesday the U.S. Food and Drug Administration placed a partia...
Read more »
Viacom warns customers its channels may stop airing on DirecTVViacom Inc said on Tuesday it had begun warning DirecTV's 24 million subscr...
Read more »
Facebook removes accounts from Russia, Iran for 'coordinated inauthentic behavior'Facebook Inc said on Tuesday it has removed more accounts from Iran, Russia, Mac...
Read more »
AT&T Inc.AT&T and Viacom reach deal that will keep Comedy Central, MTV and other channels
Read more »