Citi Launches New Payment Service

Citi has launched QuikRemitsm, a white-labelled remittance platform with distribution and foreign exchange capabilities spanning more than 90 countries. Citi is marketing the solution as enabling banks, corporations, and money transfer organisations to offer their customers and employees a secure and compliant solution for international funds transfer. The service was previously offered by PayQuik, a provider of money transfer solutions to banks, credit unions and money transfer organisations, which was acquired by Citi in January 2008.

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