(19 August 2025 – United States) Payoneer has announced a collaboration with Citi to launch real-time, blockchain-enabled intracompany treasury transfers using Citi Token Services, the firm’s tokenised liquidity and payment platform.
Payoneer, the global financial technology company powering business growth across borders, is now capable of transferring funds between global accounts in participating branches and currencies with greater speed, automation and transparency.
The collaboration leverages Citi’s blockchain-based platform for money movement across Payoneer-owned accounts, helping to reduce reliance on traditional payment methods and delays caused by banking cut-off times, holidays and weekends. The collaboration builds on Payoneer’s existing relationship with Citi to leverage the global bank’s Banking as a Service (BaaS) and cross-border FX and payment capabilities.
“Citi Token Services is transforming how our global clients manage liquidity and payments, providing real-time, 24/7, cross-border access and significantly improving efficiency. In this rapidly evolving digital banking landscape, we’re pleased to collaborate with clients, like Payoneer, on a range of our cross-border payments capabilities to deliver secure, scalable and transparent payments globally” stated Citi Global Head of Digital Assets, Treasury and Trade Solutions, Ryan Rugg.
“We’re constantly looking for ways to simplify the complex world of cross-border payments. Blockchain-based infrastructure is transforming how money moves globally and with Citi Token Services, we gain the ability to move money in real time across borders, delivering a faster, more efficient experience for our customers” commented Payoneer CFO, Bea Ordonez.
Citi Token Services facilitates multimillion-dollar transactions and provides always-on cross-border liquidity and payments between participating Citi branches. It has processed billions in transaction value since its launch and is live in US, UK, Singapore and Hong Kong branches for transfers in US dollars (USD).