Citibank expands Ex­press Wire Asia pro­gramme

The Pak Banker - - Front Page -

HONG KONG

Bank­ing gi­ant Citi has ex­panded its Ex­press Wire for Asia ca­pa­bil­i­ties, with a ded­i­cated In­dia Desk.

Citi, one of the premier providers of cross-bor­der pay­ments, an­nounced to­day that it is fur­ther ex­tend­ing its US Dol­lar Ex­press Wire for Asia ser­vices by launch­ing Ex­press Wire In­dia Desk. Citi's Ex­press Wire for Asia Ser­vice helps stream­line the ex­e­cu­tion of US Dol­lar pay­ments by send­ing transactions to the ben­e­fi­ciary bank in Asia ex­pe­di­ently. If a pay­ment or­der re­quires re­pair, Citi's ex­pe­ri­enced op­er­a­tions pro­fes­sion­als are avail­able to cor­rect for­mat­ting er­rors on a timely ba­sis. Citibank launched a ded­i­cated China Desk to ex­pe­dite Asian pay­ments in 2010. Given ex­pand­ing trade re­la­tion­ships be­tween In­dia and the rest of the world, the need for more ef­fec­tive pay­ment so­lu­tions into In­dia has in­creased.

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