Citi and PayPal have expanded their partnership to enable Citi’s institutional clients to make payments into customers’ PayPal digital wallets via the WorldLink cross-border payments platform.

Both Citi and PayPal have developed the partnership with the goal of making payments as simple and digital as possible, while offering choice and flexibility for customers at all times. Starting in the first quarter of 2020, Citi clients will be able to make payments into PayPal wallets globally in more than 200 markets.

WorldLink is Citi’s flagship institutional cross-border payments solution, leveraging the latest technology to serve more than 3,500 clients in over 195 countries.

Manish Kohli, global head of payments and receivables at Citi’s Treasury and Trade Solutions, explained: “Mobile and digital wallets are becoming increasingly important alternative payment methods for our clients as they respond to changing consumer payment preferences – the growing digitisation of our personal, professional and business experiences calls for ubiquitous and frictionless means of payment.”

Jim Magats, head of global payment product and engineering at PayPal, added: “Consumers are increasingly turning to mobile devices and digital wallets to manage and move their money – at the same time, we’re seeing global financial institutions, corporate enterprises and public sector entities needing more flexible ways to deploy payments.

“This expanded partnership between Citi and PayPal will help drive increased payment choice, convenience and speed for our shared customers.”

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