Citi set to upgrade its WorldLink Payment Services platform


Daniel Webber
Daniel Webber
Founder & CEO
Daniel is Founder and CEO of FXcompared and has 18 years of experience in the international finance world focusing on cross-border payments, technology and the property sectors. Daniel is widely… Read more
  • Citi to change its WorldLink Payment Services Platform to help clients get access to more currencies and to work in more economies around the world
  • Clients will also be able to use data generated by the platform as a way to get more data and to increase transparency
  • “Citi is a leader in the trade and payments space, and we are harnessing the synergies and strength of our WorldLink platform to deliver more choice and increased efficiency to our clients,” says Citi spokesperson

Well-known global financial services institution Citi has announced that it will upgrade its WorldLink cross border payments service.

As part of the upgrade, WorldLink – which is an institutional international money transfer system – will be able to work in 195 nations around the world.

It will also be able to work in over 145 currencies.

When a Citi customer goes to use the new service, they will find themselves faced with two different platforms – and choose which one they want to use.

They will then be able to use it settle bills, and also to conduct transactions with their suppliers in a preferred, chosen currency.

In addition to these payment features, it will also become possible for clients to use the Supplier Finance system to add suppliers to their system electronically.

As part of this development, clients will be able to enjoy increased transparency and visibility around their programme reporting.

According to Citi TTS’ global head of trade, John Ahearn, the new move will provide “centralised access”.

“Now more than ever, institutional clients are faced with challenges and the complexity of paying their suppliers around the world while ensuring working capital is effectively utilised,” he said.

“By providing centralised access to these two digital solutions, we are able to give our clients a seamless and efficient process to help manage their supplier finance needs.”

And in addition, Citi TTS’ global head of payments and receivables – Manish Kohli – pointed out that Citi is a “leader in the trade and payments space”.

“As institutions increasingly become global and source goods from suppliers internationally, it is important for banks to support their clients with comprehensive supply chain finance and global payments solutions,” he said.

“Citi is a leader in the trade and payments space, and we are harnessing the synergies and strength of our WorldLink platform to deliver more choice and increased efficiency to our clients,” he added.

Citi is part of Citi Group, and it offers a large range of institutional financial services to a range of clients.

It also offers both wholesale and consumer banking products.

According to its own figures, it provides “cash management and trade solutions to 90 percent of Global Fortune 500 companies” and has trading floors in over 75 markets across the globe, as well as a range of other offices.

To discover more about what’s happening in the online payments space and to keep up to date with the activities of big firms such as Citi, check out our news pages.

Most Read

Use Our Currency Comparison Tool

Select country...

Select country...


Editor's Choice is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.