Citi and Dandelion Collaborate to Transform Cross-Border Payments, Enabling Full Value, Near-Instant Payments into Digital Wallets Across the Globe

NEW YORK – Today, Citi and Dandelion, a Euronet Worldwide, Inc. (NASDAQ: EEFT) company, announced a collaboration to enhance cross-border payments, powered by the integration of Citi’s cross-border payments solution WorldLink® Payment Services and Dandelion’s expansive digital wallet network. The collaboration empowers Citi’s institutional clients to deliver near-instant, full-value payments into digital wallets across the globe, with near 24/7 availability. The capability will initially extend to the Philippines, Indonesia, Bangladesh and Colombia, with plans for further expansion.
 
Paying into wallets not only enables Citi to enhance its offering to its financial institution clients, especially in the remittances space, but the solution also enables Citi’s corporate clients to make faster and cost-effective business-to-consumer (B2C) payments. For corporate and public sector clients, this solution addresses a growing need for B2C payments into wallets. This includes everything from employee payouts, like payroll and expense reimbursements, to social benefits, customer refunds, compensation payments, and more seamless transfers to freelance and gig-economy workers.