Citibank expands Express Wire Asia programme
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.