Payoneer, the global fintech company that helps businesses grow across borders, is teaming up with Citi to launch real-time, blockchain-enabled treasury transfers through Citi Token Services, the bank’s tokenized liquidity and payment platform. This new capability allows Payoneer to move funds between its global accounts in participating branches and currencies faster, with greater automation and transparency.
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The collaboration marks an important step in Payoneer’s ongoing effort to modernize its financial infrastructure through purposeful, forward-looking innovation. By leveraging Citi’s blockchain-based platform, Payoneer can transfer money across its own accounts more efficiently, reducing reliance on traditional payment methods and avoiding delays caused by banking cut-off times, weekends, or holidays. This initiative builds on Payoneer’s ongoing partnership with Citi, which already supports them with Banking-as-a-Service and cross-border FX and payment solutions.
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“We’re always looking for ways to simplify the complex world of cross-border payments,” said Bea Ordonez, CFO of Payoneer. “Blockchain technology is changing the way money moves around the world.. With Citi Token Services, we can transfer funds in real time across borders, giving our customers a faster, more efficient experience.”
The new system is designed to deliver several key benefits:
Instant Global Liquidity: Move funds 24/7 between Payoneer entities in markets such as the U.S., UK, and Singapore, cutting delays tied to weekends or holidays.
Enhanced Treasury Efficiency: Automates intra-company transfers, streamlining cash management and mitigating FX risk through programmable, blockchain-based settlements.
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Seamless Integration: Modern APIs and blockchain protocols make it easy to connect with existing treasury and payment systems, reducing infrastructure complexity and speeding up time to market.
“Citi Token Services is redefining how global clients manage liquidity and payments,” said Ryan Rugg, Global Head of Digital Assets, Treasury and Trade Solutions at Citi. “It provides real-time, 24/7 cross-border access and significantly improves efficiency. We’re excited to collaborate with forward-thinking clients like Payoneer to deliver secure, scalable, and transparent payments globally.”
Since its launch in 2024, Citi Token Services has processed billions in transaction value, enabling multimillion-dollar transfers with always-on cross-border liquidity. The platform is currently live in Citi branches across the United States, United Kingdom, Singapore, and Hong Kong, supporting transfers in U.S. dollars.
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