Citi Transaction Services (CTS) has launched a commercial cards programme in China, offering such capabilities to its large corporate and multinational clients.
Citi’s Commercial Cards solution will include the Travel and Expense Card, as well as Purchasing Card, and be available as a renminbi (RMB)-denominated card with China UnionPay, and a US dollar-denominated card with Visa and MasterCard.
Andrew Au, chairman and chief executive officer (CEO) of Citi China, noted that the commercial card complements Citi’s focus to pursue growth across multiple businesses in China. “The launch of the Citi Commercial Card completes the full suite of our cards offering to meet our corporate and consumer clients spending needs, as we strive to be the most innovative and customer focused financial services provider in China,” he said.
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