For Immediate Release
    Citigroup Inc. (NYSE: C)
    September 27, 2012

    Citibank Launches Corporate Payment Solution

    Lima – Citibank Peru, the leader in the Peruvian financial system with an uninterrupted presence of 92 years in the country, is consolidating its corporate payment solutions through the introduction of corporate credit cards in partnership with Visa Inc.

    “We see a great opportunity to serve businesses and make a significant contribution to their efficiency processes,” said Ricardo Hesse, Transaction Services Business Director at Citibank Peru. “Citibank Peru’s corporate payment solution will allow companies to optimize their use of resources and expense and report analysis. We are proud to consolidate our business offerings with Visa as a strategic ally.”

    “The corporate sector is the backbone of our economies’ global expansion process and is therefore a strategic segment for Visa,” commented Diego Rodríguez, Regional Commercial Products Director at Visa Inc. “This launch is a sign of our commitment to offering a portfolio of products and solutions that allow corporations to administer their payments with greater flexibility, visibility and efficiency, reduce costs and increase their productivity so they can focus their resources on growing their businesses.”

    Citibank’s corporate payment solution is aimed at businesses with large sales volumes and allows them to choose between three types of cards:

    Corporate Card: For airline tickets, travel and representation expenses. Benefits:

    • Visa Inc. travel assistance service
    • $250,000 in travel-related accident coverage
    • $25,000 in emergency medical assistance
    • Automobile rental insurance anywhere in the world
    • $15,000 in corporate liability insurance

    Central Account: A centralized payment tool administered by the travel agency the company chooses. Benefits:

    • Visa Inc. travel assistance service
    • $250,000 in travel-related accident coverage
    • $25,000 in emergency medical assistance
    • $750 in lost luggage insurance

    Executive Corporate Card: For CEOs, financial managers, treasurers or other personnel that handles expenses. Benefits:

    • Visa Inc. travel assistance service
    • $250,000 in travel-related accident coverage
    • $25,000 in emergency medical assistance
    • Automobile rental insurance anywhere in the world
    • $15,000 in corporate liability insurance
    • $1,000 in lost luggage insurance
    • $2,500 in trip cancellation insurance
    • $100 for trips delayed more than six hours
    • Priority pass

    The launch also gives Citibank clients access to the Visa IntelliLink Spend Management solution. Visa IntelliLink is a global expense-reporting tool that enables companies and their employees to automate and facilitate the process of reporting travel-associated expenses.

    Unlike other programs, Citibank’s corporate payment solution allows for greater control, efficiency and access to differentiated information tools.

    Citi
    Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citigroup provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

    Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

    Visa Inc.
    Visa is a global payments technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories, enabling them to use electronic payments instead of cash and checks. Visa has built one of the world’s most advanced processing networks – VisaNet – capable of handling more than 20,000 transactions per second, with reliability, convenience and security, including fraud protection for consumers and guaranteed payment for merchants. Visa does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its bank customers to offer consumers more choices: Pay now with debit, ahead of time with prepaid or later with credit products. For more detailed information, please visit www.corporate.visa.com.

    *All references to Citibank should be understood as Citibank del Perú S.A.
    *Visa is not an insurance provider. Any insurance coverage provided through Visa products is offered by third parties.