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Citi partners with PPRO to develop consumers payments solution

Citi’s Treasury and Trade Solutions division has announced a partnership with UK-based local payments platform PPRO in a bid to support the development of the Bank’s consumer payments offering- Spring by Citi. The Bank states that it is expected to leverage PPRO’s access to local payment methods and will implement Global Payments‘ card processing solutions for developing its impending solution.

“These partnerships are core to our building an end-to-end offering of transaction banking services, centralized under a single relationship and supported by fintech partners that accelerate the delivery of innovative solutions. It is another significant step towards our goal of delivering Spring by Citi — a client-driven solution that will benefit both our clients and our clients’ customers,” said Manish Kohli, Global Head of Payments and Receivables, Treasury and Trade Solutions, Citi.

According to reports, the Spring by Citi solution will utilize Mastercard’s payment gateway to enable merchants to collect from a number of payment methods including cards, e-wallets, and bank transfers. The solution aims to increase sales conversion, mitigate risks and brings together organizational objectives including that of corporate treasury, payments and the business.

“Delivering centralized access to local payment methods on a global scale helps Citi, and in turn their clients, reach more consumers. We’re very excited to partner with Citi on simplifying an increasingly complex payments landscape,” said Simon Black, CEO of PPRO.

The PPRO partnership will allow Citi to expand consumers’ payment options to non-bank channels for allowing better access to local payment methods across the world.

“We see tremendous client value in joining Citi’s transaction banking proposition with Global Payments’ Unified Commerce Platform. This partnership will provide market-leading innovation to create a frictionless payment experience for Citi’s multinational clients,” said Jeff Sloan, CEO of Global Payments.

Recently, PPRO entered into a partnership with Polish Payment Standard (PPS), the operator of Poland’s local payment method BLIK in a bid to expand acceptance for BLIK across the payment platform’s service provider network.

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