Payoneer has partnered with Citi to implement blockchain enabled treasury transfers through Citi Token Services, allowing the fintech company to move funds between its global accounts around the clock. The collaboration eliminates delays caused by traditional banking cut off times, holidays and weekends.

The partnership enables Payoneer to transfer money between its global entities using Citi’s tokenized liquidity platform. The system provides automated intracompany transfers with improved transparency compared to conventional payment methods.

“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, delivering a faster, more efficient experience for our customers,” said Bea Ordonez, Chief Financial Officer at Payoneer. The company processed $80 billion in total transactions in 2024.

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