Citi Global Transaction Services (GTS) has expanded its commercial card business into five new markets in the Europe, Middle East and Africa (EMEA) region, including Bulgaria, Egypt, Pakistan, Kenya, and Nigeria. Citi is also launching an International Payment Card Service in Saudi Arabia and simultaneously expanding its prepaid card services business into Egypt, Pakistan and Bahrain.
With these launches, Citi Commercial Cards are now available in 101 countries, including 64 where a local currency programme is available. Additionally, Citi’s prepaid solutions are now offered in 27 countries. These launches are part of Citi’s strategy to continuously expand its cards business across the EMEA region.
Rajesh Mehta, head of treasury and trade solutions for EMEA, Citi, said: “The launch of our commercial and prepaid card services into these new markets demonstrates our commitment to grow the transaction services business globally and address the need of greater efficiency in payments, processes and working capital. These launches enable Citi to support its clients’ in EMEA by offering an unmatched level of support through locally delivered solutions operating to global service standards.”
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