Over the last year and a half, COVID has fueled the growth of e-Commerce and new business models, with consumers increasingly interacting digitally with institutions, and sales shifting to direct-to-consumer online channels. Benefits of the platform to clients include the ability to launch globally consistent payment methods quickly in a consistent manner. Consumers benefit from speed, convenience and flexibility as well.Ĭiti’s Instant Payments consist of API-driven features and have been designed to provide a unified and globally consistent point of access for clients to implement domestic instant payments in multiple markets covering all regions and key economies. By using Citi’s innovative platform, institutional clients have the ability to receive and send payments instantly, 24/7. With instant payments, also known as real-time or immediate payments, funds can be transmitted within seconds, 24/7 and are available to recipients immediately. Usage of Citi’s instant payments platform has grown at an unprecedented rate of over 100% growth in the last 12 months.

New York Citi’s Treasury and Trade Solutions (TTS) launched domestic instant payments in Brazil, bringing its global footprint to 28 markets in multiple geographic regions.

Citi bank mobile global transfer limits