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Payoneer Leverages Citi's Blockchain Technology to Enable 24/7 Global Intracompany Money Transfers

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Payoneer (NASDAQ: PAYO) has announced a strategic collaboration with Citi to implement blockchain-enabled treasury transfers through Citi® Token Services. This integration enables 24/7 real-time fund transfers between Payoneer's global accounts in participating branches and currencies.

The partnership leverages Citi's blockchain solution to enhance Payoneer's existing Banking as a Service relationship, focusing on cross-border FX and payment capabilities. Key benefits include instant global liquidity across markets like the U.S., UK, and Singapore, improved treasury efficiency through programmable blockchain-based settlements, and simplified integration via modern APIs.

Citi Token Services, launched in 2024, has already processed billions in transaction value and is currently operational in the United States, United Kingdom, Singapore and Hong Kong branches with USD transfers.

Payoneer (NASDAQ: PAYO) ha annunciato una collaborazione strategica con Citi per implementare trasferimenti di tesoreria abilitati alla blockchain tramite Citi® Token Services. Questa integrazione consente trasferimenti di fondi in tempo reale 24/7 tra i conti globali di Payoneer nelle filiali e valute partecipanti.

La partnership sfrutta la soluzione blockchain di Citi per potenziare l'attuale rapporto di Banking as a Service di Payoneer, con un focus sulle capacità di FX e pagamenti transfrontalieri. I vantaggi principali includono liquidità globale immediata in mercati come Stati Uniti, Regno Unito e Singapore, una maggiore efficienza di tesoreria grazie a regolamenti programmabili basati su blockchain e un'integrazione semplificata tramite API moderne.

Citi Token Services, lanciato nel 2024, ha già elaborato transazioni per miliardi di dollari ed è attualmente operativo nelle filiali di Stati Uniti, Regno Unito, Singapore e Hong Kong per trasferimenti in USD.

Payoneer (NASDAQ: PAYO) ha anunciado una colaboración estratégica con Citi para implementar transferencias de tesorería habilitadas por blockchain a través de Citi® Token Services. Esta integración permite transferencias de fondos en tiempo real 24/7 entre las cuentas globales de Payoneer en las sucursales y monedas participantes.

La alianza aprovecha la solución blockchain de Citi para reforzar la relación de Banking as a Service de Payoneer, centrándose en las capacidades de FX y pagos transfronterizos. Los beneficios clave incluyen liquidez global instantánea en mercados como EE.UU., Reino Unido y Singapur, mayor eficiencia de tesorería mediante liquidaciones programables basadas en blockchain y una integración simplificada mediante API modernas.

Citi Token Services, lanzado en 2024, ya ha procesado miles de millones en valor de transacciones y actualmente opera en las sucursales de Estados Unidos, Reino Unido, Singapur y Hong Kong con transferencias en USD.

Payoneer (NASDAQ: PAYO)가 Citi와 전략� 협력� 발표하고 Citi® Token Services� 통해 블록체인 기반 재무(트레저�) 이체� 구현합니�. � 통합은 참여 지점과 통화� 있는 Payoneer� 글로벌 계좌 간에 24시간(24/7) 실시� 자금 이체� 가능하� 합니�.

이번 파트너십은 Citi� 블록체인 솔루션을 활용� Payoneer� 기존 Banking as a Service 관계를 강화하며, 국경 � FX � 결제 기능� 중점� 둡니�. 주요 이점으로� 미국, 영국, 싱가포르 � 시장에서� 즉각적인 글로벌 유동�, 블록체인 기반� 프로그래� 가능한 결제� 통한 향상� 재무 효율�, 최신 API� 통한 간편� 통합 등이 있습니다.

2024년에 출시� Citi Token Services� 이미 수십� 달러 규모� 거래� 처리했으� 현재 미국, 영국, 싱가포르 � 홍콩 지점에� USD 송금 서비스를 운영 중입니다.

Payoneer (NASDAQ: PAYO) a annoncé une collaboration stratégique avec Citi pour mettre en place des transferts de trésorerie rendus possibles par la blockchain via Citi® Token Services. Cette intégration permet des transferts de fonds en temps réel 24/7 entre les comptes mondiaux de Payoneer dans les agences et devises participantes.

Le partenariat s'appuie sur la solution blockchain de Citi pour renforcer la relation Banking as a Service de Payoneer, en se concentrant sur les capacités de change et de paiements transfrontaliers. Les principaux avantages incluent une liquidité mondiale instantanée sur des marchés comme les États‑Unis, le Royaume‑Uni et Singapour, une meilleure efficacité de trésorerie grâce à des règlements programmables basés sur la blockchain, et une intégration simplifiée via des API modernes.

Lancé en 2024, Citi Token Services a déjà traité des milliards de dollars de transactions et est actuellement opérationnel dans les agences des États‑Unis, du Royaume‑Uni, de Singapour et de Hong Kong pour des transferts en USD.

Payoneer (NASDAQ: PAYO) hat eine strategische Zusammenarbeit mit Citi angekündigt, um blockchain-gestützte Treasury-Transfers über Citi® Token Services umzusetzen. Diese Integration ermöglicht rund um die Uhr in Echtzeit verfügbare Geldtransfers zwischen Payoneers weltweiten Konten in teilnehmenden Niederlassungen und Währungen.

Die Partnerschaft nutzt die Blockchain-Lösung von Citi, um Payoneers bestehende Banking-as-a-Service-Beziehung zu erweitern, und konzentriert sich auf grenzüberschreitende FX- und Zahlungsfunktionen. Zu den wichtigsten Vorteilen zählen sofortige globale Liquidität in Märkten wie den USA, dem Vereinigten Königreich und Singapur, eine höhere Treasury-Effizienz durch programmierbare, blockchain-basierte Abwicklungen sowie eine vereinfachte Integration über moderne APIs.

Citi Token Services, 2024 gestartet, hat bereits Milliarden an Transaktionsvolumen verarbeitet und ist derzeit in den Niederlassungen der Vereinigten Staaten, des Vereinigten Königreichs, Singapur und Hongkong für USD-Transfers im Einsatz.

Positive
  • Implementation of 24/7 real-time fund transfers, eliminating delays from banking cut-off times and holidays
  • Enhanced treasury efficiency through automated intra-company transfers and improved FX risk mitigation
  • Simplified integration with existing systems through modern APIs, reducing infrastructure complexity
  • Access to Citi's established blockchain platform that has processed billions in transactions
Negative
  • Limited availability to only participating Citi branches and USD transfers
  • Dependency on Citi's blockchain infrastructure for critical treasury operations

Insights

Payoneer's adoption of Citi's blockchain technology for 24/7 global transfers improves liquidity management and operational efficiency.

Payoneer's implementation of Citi Token Services represents a significant technological advancement in its treasury operations infrastructure. By leveraging blockchain technology for intracompany transfers, the company is addressing a critical pain point in cross-border payment systems: the time delays and constraints of traditional banking hours and settlement periods.

This infrastructure upgrade delivers three key operational advantages:

  • AG˹ٷ-time liquidity movements across global entities regardless of banking hours or holidays
  • Enhanced treasury efficiency through programmable, automated settlements
  • Streamlined integration with existing systems via modern APIs

From a financial operations perspective, this capability could meaningfully improve Payoneer's working capital efficiency by reducing trapped liquidity across jurisdictions. Traditional cross-border transfers often require maintaining higher cash buffers in multiple locations due to settlement delays - a challenge that real-time transfers can mitigate. The system's ability to operate continuously (24/7) means Payoneer can potentially optimize its global cash positions with greater precision and timing flexibility.

While the press release focuses on internal treasury transfers rather than end-customer transactions, the operational efficiencies gained could eventually translate to enhanced customer experiences through faster payment processing or extended service hours. Payoneer's strategic adoption of this technology aligns with broader industry trends toward blockchain-based financial infrastructure that enables programmable money movements with enhanced transparency and control.

The fact that Citi's platform has already processed billions in transaction value since its 2024 launch suggests this is mature, tested technology rather than experimental implementation, reducing implementation risk for Payoneer as they modernize their financial stack.

NEW YORK, Aug. 12, 2025 /PRNewswire/ -- (NASDAQ: PAYO), the global financial technology company powering business growth across borders, today announced a collaboration with Citi to launch real-time, blockchain-enabled treasury transfers via Citi® Token Services, the firm's tokenized liquidity and payment platform. This new capability enables Payoneer to transfer funds between its global accounts in participating branches and currencies with greater speed, automation and transparency.

This marks a major step in Payoneer's long-term commitment to modernizing its financial stack through thoughtful, purpose-driven innovation. The collaboration leverages Citi's blockchain-based solution to move money across Payoneer-owned accounts, helping to reduce reliance on traditional payment methods and delays caused by banking cut-off times, holidays and weekends. This builds on Payoneer's existing relationship with Citi to leverage the global bank's Banking as a Service and cross-border FX and payment capabilities.

"We're constantly looking for ways to simplify the complex world of cross-border payments," said Bea Ordonez, Chief Financial Officer, Payoneer. "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."

The expected benefits of this infrastructure include:

  • Instant Global Liquidity: Transfer funds 24/7 between Payoneer entities in markets like the U.S., UK, and Singapore, reducing delays and constraints tied to weekends or holidays.
  • Improved Treasury Efficiency: Enables fast, transparent, and automated intra-company transfers, streamlining both cash management and FX risk mitigation through programmable, blockchain-based settlements.
  • Simple Integration: Modern APIs and blockchain protocols allow for easy integration with existing treasury and payment systems, minimizing the need for complex infrastructure changes and accelerating time to market.

"Citi Token Services is transforming how our global clients manage liquidity and payments, providing real-time, 24/7, cross-border access and significantly improving efficiency," said Ryan Rugg, Global Head of Digital Assets, Treasury and Trade Solutions at Citi. "In this rapidly evolving digital banking landscape, we're pleased to collaborate with clients, like Payoneer, on a range of our cross-border payments capabilities to deliver secure, scalable and transparent payments globally."

Launched in 2024, Citi Token Services facilitates multimillion-dollar transactions and provides always-on cross-border liquidity and payments between participating Citi branches. It has processed billions in transaction value since its launch. Citi Token Services is live in the United States, United Kingdom, Singapore and Hong Kong branches with transfers in US dollars (USD).

About Payoneer

Payoneer is the financial technology company empowering the world's small and medium-sized businesses to transact, do business, and grow globally. Payoneer was founded in 2005 with the belief that talent is equally distributed, but opportunity is not. It is our mission to enable any entrepreneur and business anywhere to participate and succeed in an increasingly digital global economy. Since our founding, we have built a global financial stack that removes barriers and simplifies cross-border commerce. We make it easier for millions of SMBs, particularly in emerging markets, to connect to the global economy, pay and get paid, manage their funds across multiple currencies, and grow their businesses.

For more information, visit .

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SOURCE Payoneer Inc

FAQ

What is Payoneer's new blockchain partnership with Citi in 2025?

Payoneer has partnered with Citi to implement blockchain-enabled treasury transfers through Citi® Token Services, enabling 24/7 real-time fund transfers between global accounts in participating branches.

How will Citi Token Services benefit Payoneer's operations?

The service provides instant global liquidity, improved treasury efficiency through automated transfers, and simplified integration with existing systems, enabling 24/7 cross-border transfers without delays from banking holidays or weekends.

Where is Citi Token Services currently available for Payoneer?

The service is available in United States, United Kingdom, Singapore and Hong Kong branches, currently supporting transfers in US dollars (USD).

When did Citi Token Services launch and what is its transaction volume?

Citi Token Services launched in 2024 and has processed billions in transaction value since its launch.

How does this blockchain integration affect Payoneer's existing relationship with Citi?

This integration builds upon Payoneer's existing relationship with Citi, expanding their use of Citi's Banking as a Service and cross-border FX and payment capabilities through blockchain technology.
Payoneer Global Inc.

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