Citigroup (C) Opens Single Account Access To Multi Market Instant Payments

Citigroup (NYSE:C) has launched multi market instant payments on the Swift network, according to a recent company announcement. The bank now lets clients reach several cross border instant payment schemes through a single Citi account setup on Swift. The service is designed to work without separate local bank relationships, bilateral deals, or custom in house payment infrastructure. Citi plans to extend the Swift based instant payment coverage to more countries and currencies over time as...