Citi and Mastercard Revolutionize Cross-Border Payments with New Partnership

The collaboration enables near-instant payments to Mastercard debit cards across 14 markets, enhancing speed, security, and transparency.

Citi is the first global bank to use Mastercard Move for cross-border payments, offering services in 14 markets including Europe, Asia, Africa, Latin America, and the U.S.
The partnership leverages Citi's WorldLink Payment Services and Mastercard Move to provide near-instant payments to Mastercard debit cards with 24/7 availability.
This service supports various use cases such as insurance payouts, airline refunds, gig economy payments, and e-commerce transactions.
Mastercard Move's network covers over 95% of the world's banked population, aiming to streamline cross-border transactions and improve cash flow management.
The collaboration addresses the growing demand for faster, more transparent international payments, challenging fintech competitors and traditional banking methods.