Emirates Awards Citi Global Cash Management Mandate
Emirates, a Dubai-based airline, has selected Citi to handle its global cash management operations in Africa, Asia and North America. Executed by Citi’s global transactions services (GTS), the solution aims at optimising global cash management by providing a combination payments technology geared to fully leverage the airline’s deployment of Oracle enterprise resource planning (ERP) across the globe, as well as receivables and liquidity tools tailored to Emirates’ operational process flows and systems.
Citi’s technology platform as well as global footprint, expertise and proven track record were decisive factors in winning this key mandate.
The mandate also complements Citi’s long-term partnership with Emirates, which has been built over two decades. Throughout this period, the partnership has covered financing of Emirates’ expanding fleet, including A380 Aircraft, as well as developing value-added consumer products, such as the co-branded Emirates Citibank credit cards and debit cards, which reward cardholders with Skywards Miles on their card spend.
Steve Donovan, head of Citi’s GTS, Middle East and Pakistan, said: “At Citi, we value our strategic alliance with Emirates which is one of the leading brands in the world, and we’re proud to provide global cash management services that meet the exact needs of the company. This is demonstrative of our ability to offer clients worldwide local and regional solutions with global service standards.”