More NewsCiti Expands Availability of Virtual Card Accounts

Citi Expands Availability of Virtual Card Accounts

Citigroup, through its global transaction services (GTS) unit, has launched Citi Virtual Card Accounts (VCA) in South Africa and the United Arab Emirates (UAE), as well as the completion of enhancements to support clients’ growing use of the VCA solution for accounts payable (A/P) spend and complex vendor payments globally. VCA is a global, electronic payment (e-payment) solution that offers security, control, and efficiency using single-use commercial card account numbers.

With these launches, the Citi VCA solution is now available in nearly 60 countries, including 28 with local-currency offerings that span 17 different currencies.

“We’ve seen tremendous interest from organisations around the world since the Citi Virtual Card Accounts solution was first introduced,” said Paul Horn, global product director, Citi Commercial Cards. “Since our initial launch, we have continued to expand and evolve the product to better meet the needs of our clients.”

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha