Citigroup Expands Commercial Card Programs Across Asia Pacific
MasterCard International and Citigroup Global Transaction Services have signed a multi-year agreement to launch commercial cards in Asia Pacific. The deal means Citigroup will provide MasterCard-branded card payment solutions to multinational corporate clients in the region through their Citibank Commercial Cards business. These solutions are aimed at helping companies and governments manage travel and entertainment expenses and pay for key supplies, control employee spending limits, meet cash flow needs, and track business expenses. The program will be launched in Hong Kong and Australia and expanded in Malaysia and Singapore. Citibank Commercial Cards business offers card programs in over 30 countries used by over one million corporate and government cardholders.