Citi’s Treasury and Trade Solutions (TTS) has extended its WorldLink Payment Services (WorldLink) cross-border ACH capabilities to 60 countries.
The WorldLink functionality has been expanded to help users send ACH payments into 10 additional markets in the Europe, Middle East and Africa (EMEA) region.
WorldLink provides a global and digital cross-currency payments solution with service offered across a range of payment options in 135 currencies and 195 countries.
In early 2018, Citi is also planning to expand the services to nine cross-border ACH corridors.
Once operational, WorldLink users can access to file based cross-border ACH solutions in over 34 currencies and 69 countries.
Through processing more than 50 million payments per year, WorldLink serves over 3,500 clients in around 195 countries.
WorldLink offers direct access to around 250 local and regional clearing systems.
Citi Treasury and Trade Solutions’ payments and receivables global head Manish Kohli said: “We are focused on delivering the power of Citi to our clients by building integrated global solutions that connect our clients to every part of our continuously expanding global payments network in an efficient and consistent manner.
"This expanded capability will offer clients the ability to participate in commerce in new markets, through low cost payment options delivered through digital channels.”
Citi’s TTS provides an integrated suite of cash management and trade finance services to multinational corporations, financial institutions and public sector organizations across the world.
Citi offers consumer banking and credit, corporate and investment banking, securities brokerage, transaction and wealth management services to the consumers, corporations, governments and institutions.
Image: Citigroup headquarters in Lower Manhattan. Photo: courtesy of Beyond My Ken.