Citi Launches Global Collect Platform for Cross-Border B2B Payments

Citi announced the launch of Citi Global Collect in November 2019, a new cross-border platform designed to help multinational corporate clients collect international business-to-business payments more efficiently. The platform combines digital invoicing capabilities with integrated foreign exchange functionality, allowing clients to manage receivables across multiple currencies and geographies from a single interface. Citi Global Collect addresses pain points in cross-border collections, including fragmented invoicing processes, currency conversion complexity, and slow payment reconciliation.

The platform leverages Citi's global banking network spanning over 90 countries to provide broad geographic coverage. By embedding FX capabilities directly into the invoicing and collection workflow, the solution reduces the friction and cost associated with managing international receivables. The launch reflects Citi's strategy to build embedded treasury and payment solutions for its enterprise banking clients.

No specific pricing details were disclosed.