Payoneer, Citi Partner to Enable 24/7 Global Intra-Company Money Transfers Using Blockchain Technology

Payoneer has partnered with Citi to enable 24/7 global intracompany money transfers using Citi's blockchain technology. The integration offers real-time fund transfers, simplifying cross-border payments and enhancing treasury efficiency. Citi Token Services, launched in 2024, supports USD transfers in key markets. This collaboration reflects Payoneer's commitment to adopting cutting-edge technology to optimize global cash management.

In a significant move towards modernizing financial operations, Payoneer (NASDAQ: PAYO) has partnered with Citigroup (Citi) to introduce real-time, blockchain-enabled treasury transfers via Citi Token Services. This innovative collaboration aims to streamline cross-border payments and enhance treasury efficiency for Payoneer's global clients.

The partnership leverages Citi's blockchain-based solution to facilitate instant, 24/7 transfers between Payoneer's entities across various markets. This initiative marks a major step in Payoneer's ongoing commitment to adopting cutting-edge technology to optimize global cash management. The new capability promises to reduce delays and constraints associated with weekends and holidays, providing a faster and more efficient experience for customers.

"Blockchain-based infrastructure is transforming how money moves globally, and with Citi Token Services, we gain the ability to move money in real time across borders," said Bea Ordonez, Chief Financial Officer at Payoneer. "This collaboration reflects our dedication to delivering a faster, more efficient experience for our customers."

Citi Token Services, launched in 2024, supports multimillion-dollar transactions and provides always-on cross-border liquidity and payments between participating Citi branches. The platform has processed billions in transaction value since its inception and is currently live in the United States, United Kingdom, Singapore, and Hong Kong, facilitating transfers in USD.

The expected benefits of this infrastructure include instant global liquidity, improved treasury efficiency, and simple integration with existing treasury and payment systems. The new capability allows Payoneer to transfer funds between its global accounts with greater speed, automation, and transparency, helping to reduce reliance on traditional payment methods and delays caused by banking cut-off times.

"This collaboration demonstrates Citi's commitment to transforming the way our global clients manage liquidity and payments," said Ryan Rugg, Global Head of Digital Assets, Treasury and Trade Solutions at Citi. "We are pleased to work with Payoneer on leveraging our cross-border payments capabilities to deliver secure, scalable, and transparent solutions."

This partnership underscores Payoneer's strategic focus on leveraging advanced technology to simplify complex financial processes. By integrating blockchain technology, Payoneer aims to provide its clients with a more efficient and reliable global financial infrastructure.

References:
[1] https://finance.yahoo.com/news/payoneer-leverages-citis-blockchain-technology-120000576.html
[2] https://www.bloomberg.com/news/articles/2025-08-11/citi-oversaw-1-billion-for-trust-us-tied-to-sanctioned-oligarch