Payments

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In an increasingly global marketplace, companies now operate supply chains, client bases, and workforce footprints that span continents. This evolution presents a timely opportunity to move beyond the fragmented banking structures and manual processes that can slow operations and add unnecessary cost.For companies with a growing international footprint, the complexity of managing cross-border payments is a significant challenge as many still grapple with a web of multiple currency accounts, inconsistent payment rails, and manual workflows. With pressure to do more with less, the need for a more efficient and scalable solution is clear.&nbsp;<h2>Building a foundation for scalable growth&nbsp;</h2>A more simplified cross-border payment solution provides a robust foundation for scalable growth. It allows businesses to quickly and easily start transacting with new international partners by reducing the number of international accounts needed, lowering costs and allowing for better visibility, and enabling companies to seize global opportunities as they arise.<h2>Preparing for what’s next&nbsp;</h2>To unlock the full value of a modern cross-border payments strategy, companies need an ally that brings a powerful global network and forward-looking innovation. This involves more than simply enabling a new payment rail; it requires a solution that is immediately available without a lengthy or complex implementation process.&nbsp;Citi’s Cross Border Funds Transfer (CBFT) provides that foundation for scalable global growth. CBFT is available in 83 countries and supports foreign currency inbound and outbound flows through the same account1.<h2>How Citi can help&nbsp;</h2>Citi understands the evolving needs of companies operating in the global marketplace. Our Cross Border Funds Transfer (CBFT) solution is specifically designed to help clients improve operational efficiency, simplify treasury management, and enhance their global commerce capabilities.&nbsp;Once a client opens a Citi account, CBFT becomes available – no lengthy implementation or additional setup required. CBFT provides a streamlined, scalable way to send wire payments in more than 130 currencies and receive in more than 38 currencies from a single operating account, optimizing global reach without operational complexity.&nbsp;1Capabilities may vary based on account location.

Delivering a Competitive Advantage<ul style="list-style-type:disc;"><li class="ck-list-marker-font-size" style="--ck-content-list-marker-font-size:18px;" data-list-item-id="ece62ff565608265324d1888c59e14bec">Expansive reach: Pay in more than 130 currencies and receive in more than 38 currencies, depending on account location</li><li class="ck-list-marker-font-size" style="--ck-content-list-marker-font-size:18px;" data-list-item-id="ea305f077a4358fc4fecd63acd16879a4">Flexible access: Integrate via our online banking portal known as CitiDirect®, ERP/H2H connections with File Transmission via CitiConnect®, SWIFT, or API</li><li class="ck-list-marker-font-size" style="--ck-content-list-marker-font-size:18px;" data-list-item-id="e39b606174a5243e69d65509a79fe0224">Automated efficiency: Leverage straight-through processing (STP) to reduce manual effort</li><li class="ck-list-marker-font-size" style="--ck-content-list-marker-font-size:18px;" data-list-item-id="e77344ef5f91010de884f53efe59a956e">Broad applicability: Ideal for both business-to-business (B2B) and business-to-consumer (B2C) payment flows of low to medium volumes</li></ul>

<ul><li data-list-item-id="ee36bb31182e5e3668997bd4ee695f13c">Simplify global B2B, B2C payments and treasury management with a single account solution for scalable growth with Citi’s Cross Border Funds Transfer (CBFT)</li><li data-list-item-id="ea52f339b5130adb262fd2777ebda1143">Increase operational efficiency, reduce costs and expand global reach with automated cross-border payments paying out in over 130 currencies and receiving in more than 38 currencies</li><li data-list-item-id="e29cc7392b2064d1bedaa72b88b39aa30">Prepare your business for the future of global commerce by leveraging Citi's payment innovation to gain a competitive advantage &nbsp;</li></ul>

For companies expanding their international footprint, managing multiple currency accounts and manual workflows creates complexity and unnecessary costs. A simplified, single-account solution for cross-border payments provides a robust foundation for scalable growth and a competitive advantage in the global marketplace.

 The Strategic Value of Simplified Cross-Border Payments

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<ul><li data-list-item-id="eea58ab89fe143b1d44faa6882624f80e">Corporate treasurers can leverage On-Behalf-Of (OBO) payment structures to centralize payments and optimize treasury operations.</li><li data-list-item-id="e9fa12d7b7ed06117d4f2b2b1fe23df98">Payment centralization aims to enhance control, improve cash and liquidity visibility and drive operational efficiency across the enterprise.</li><li data-list-item-id="ef0cea95bdc50634102177c2567181335">A successful treasury transformation requires a global banking partner to navigate regulatory complexity and implement solutions and functionality like virtual accounts and leveraging ISO 20022 standard.</li></ul>

As corporate treasurers continue to navigate the complexities of global payments and liquidity management, many are turning to advanced structures to build the treasury of the future. This article details how On-Behalf-Of (OBO) payment models provide a strategic approach to centralize control, enhance cash visibility, and drive operational efficiency.

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How Citi is helping corporate treasurers achieve payments optimization

As corporate treasurers continue to navigate the complexities of global payments and liquidity management, many are turning to advanced structures to build the treasury of the future.

Exploring On-Behalf-Of Payment Models

<ul><li data-list-item-id="ef4a654581d296aeaee80018efb539070">Direct Debit is an agile account-to-account (A2A) solution for automated digital collections, re-emerging as a strategic asset for modern treasury</li><li data-list-item-id="e7920f799815cc07b70349f14efe4b85a">Modernizing collections with Direct Debit can reduce costs, drive operational efficiency, and enhance cash-flow predictability</li><li data-list-item-id="e7d3db1a5a270e517805c326acb4f7af2">Innovations like APIs, eMandates and instant payments are transforming Direct Debit into a modern engine for digital treasury and commerce</li></ul>

The global landscape is rapidly shifting toward faster, digital-first payments, compelling corporate treasurers to modernize and digitalize their collections. Amid this transformation, Direct Debit—once viewed as a legacy tool—has been revitalized by recent innovations and has re-emerged as a strategic asset for modern treasury.

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The global landscape is rapidly shifting toward faster, digital-first payments, compelling corporate treasurers to modernize and digitalize their collections.

Beyond the Batch: How Direct Debit is Powering the Digital Payments Landscape

<ul><li data-list-item-id="ef294e1c0f61d3dcd0ddd6b1b7a4923da">Brazil's Pix instant payment system marks a historic milestone for commercial adoption as (C2B) volumes officially1 eclipse (P2P) transactions, transforming the real-time payments landscape</li><li data-list-item-id="e324f3ee33547afe39f95466ccc7a6e30">Corporations are capitalizing on the benefits of instant payments like Pix which offers lower costs, instant settlement and immediate liquidity to improve working capital management and cash-flow predictability</li><li data-list-item-id="e76a4effdbca0cb2331f298c21be64173">As the global shift toward real-time payments accelerates, Brazil's success provides a proven blueprint for commercial adoption, supports companies to deploy scalable payment infrastructures and power a global real-time enterprise treasury</li></ul>

No longer just for person-to-person (P2P) transfers, real-time payments are going mainstream with commercial clients. This transition is highlighted by Brazil's landmark milestone, where consumer-to-business (C2B) transaction volumes have officially eclipsed P2P activity, supporting a new era for commercial payments and enterprise treasury.1Source: Banco Central do Brasil. 2026. Pix Statistics <a href="https://www.bcb.gov.br/en/financialstability/pixstatistics">Pix Statistics</a>

A tipping point in the commercial adoption of Instant Payments

No longer just for person-to-person (P2P) transfers, real-time payments are going mainstream with commercial clients.