Citi and Bank of Shanghai Launch First-of-Its-Kind Payments Solution for International Travelers in China
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Citi and Bank of Shanghai have launched a new payments solution for international travelers in China, utilizing Bank of Shanghai's TourCard. This service aims to simplify and reduce costs for travelers using Chinese yuan, facilitated by Citi's USD Clearing solution.
November 12, 2024 | 10:15 pm
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Citi has partnered with Bank of Shanghai to launch a new payments solution for international travelers in China, enhancing the use of the TourCard for cost-effective yuan transactions.
The partnership with Bank of Shanghai to launch a new payments solution is likely to enhance Citi's presence in the Chinese market and improve its service offerings, potentially boosting its stock price.
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