Citi Network Instant Payments leverages Citi’s global branch network to provide a quick and efficient way for our clients to send cross-border payments, up to USD $15 million in value instantaneously to another Citi client. The product will provide seamless FX services and connect domestic instant payments schemes to allow cross currency cross-border third party instant payments in the future.
Citi Network Instant Payments are simple to initiate and authorize anytime, anywhere via the CitiDirect® global banking platform online. Since the new payment choice is “always on” and payments are settled immediately, there is no need to worry about cut-off times or multi-day clearing and settlement cycles.
