Citi Launches New Supplier Finance Mobile App in Latin America

Miami, FL – Citi launched a new mobile app in Latin America to facilitate suppliers enrolled in Citi® Supplier Finance domestic programs access to working capital. This new user-friendly digital tool provides suppliers 24/7 visibility of receivables available for discount, payment status and transactions history.

The Citi Supplier Finance mobile app initially launched this month for both iOS (12+) and Android (7+)* smartphones in Brazil, El Salvador, Honduras, Paraguay, and Peru. Citi plans to offer this app in other countries in the region in the near future. Currently, Citi Supplier Finance programs serve hundreds of corporate clients and more than 18,000 suppliers across Latin America.

"In the past months, we have showed our clients that we are here to support their business needs and those of their suppliers. We are very excited to launch this app and be able to offer suppliers across Latin America a convenient and easy-to-use channel, wherever they are**," said Mauricio Tarazona, Latin America Trade Working Capital Finance Head.

Citi is driving the digitization of transaction banking in Latin America and its digital solutions have helped clients to overcome financial challenges due to the COVID-19 pandemic. This new mobile app comes as an additional component of the digital offering, joining other solutions such as the electronic self-service tools to onboard suppliers. "With clients increasingly embracing mobile, we continue to innovate, reflecting the changes in clients' business models and certain priorities," said Andre Carvalho, Latin America Trade Head. In 2019, Citi launched CitiDirect BE® app for mobiles and tablets* to allow users of our next-generation banking platform to work quickly and efficiently.

In 2019, Citi won 29 out of 32 of Global Finance's World's Best Corporate/Institutional Digital Banks Awards in the region.

* IOS is a trademark or registered trademark of Cisco in the U.S. and other countries and is used under license. Android is a trademark of Google LLC.
** Internet connection required.

For more information about Citi® Supplier Finance Mobile App, visit here.

For more information about CitiDirect BE® Digital Onboarding, CitiDirect BE® and CitiConnect®, visit here.

About Citi's Treasury and Trade Solutions
Citi Treasury and Trade Solutions (TTS) enables our clients' success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions and public sector organizations across the globe. Based on the foundation of the industry's largest proprietary network with banking licenses in over 90 countries and globally integrated technology platforms, TTS continues to lead the way in offering the industry's most comprehensive range of digitally enabled treasury, trade and liquidity management solutions.

About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi 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.

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Media Contact:
Alexandra Ravinet
+1 (305) 420-4292
alexandra.ravinet@citi.com

Sarai Cruz
+1 (305) 420-4364
sarai.cruz@citi.com