Citi has announced that its Global Transaction Services business’ EMEA platform for Citi Prepaid Services is now live in Germany, Belgium, Portugal, Switzerland, Ireland.
Citi has reported that its prepaid services will provide customized prepaid card solutions, in pounds sterling, Euro, Swiss Franc and US dollar, for corporate and public sector clients looking for simple and convenient ways to deliver payments, including payroll, consumer rewards and employee incentives that the recipients can then use worldwide.
Further, the company claims that these solutions provide clients with substantial cost savings, operational efficiencies, risk mitigation, a robust reporting package, fully customized materials and valuable employee benefits.
Rajesh Mehta, Managing Director and Regional Head for treasury and trade solutions for Europe the Middle East and Africa, Citi, said: “These solutions further reinforce Citi Prepaid’s position as a dynamic tool and delivery platform and the top choice for companies initiating payroll, consumer rewards, sales incentives and government benefits. The roll out of these state-of-the-art products across these five new markets underscores Citi’s commitment to our clients in the region and our vision to be a one-stop provider of customized services allowing our clients greater flexibility across borders.”
