Citi to roll out consumer e-payments business in Asia and other markets by Q1 2020
This signals the US bank's move to capture last-mile C2B flows, which are growing fast in Asia and Asean
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CITI is aiming to launch its digital consumer payments business in Asia and elsewhere by the first quarter of 2020, so it can ride the wave of the region's growing flows and digital ecosystems, said a senior executive of the US bank on Thursday.
In an e-mail interview with The Business Times, Rajesh Mehta, the bank's head of treasury and trade solutions for the Asia-Pacific, said: "Citi is targeting to be live in 20 markets across all regions, including Asia, by the first quarter of 2020."
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