Saturday, November 29, 2025
11.3 C
London

Citi & Dandelion Partner to Enable Near-Instant Full-Value Digital Wallet Payouts Globally

Citi integrates its WorldLink platform with Dandelion’s digital wallet network to deliver cross-border payments directly into wallets, improving speed, cost-efficiency, and accessibility for B2C, payroll, remittance and social benefits use cases.

Highlights:

  • Citi, via its WorldLink Payment Services, has partnered with Dandelion (Euronet) to send near-instant, full-value payments into digital wallets across multiple globally emerging markets.

  • The initial rollout covers Philippines, Indonesia, Bangladesh, and Colombia, with plans to expand to more countries and destinations.

  • This capability addresses key corporate and public sector needs—such as payroll, remittances, social benefits, gig worker payouts—with nearly 24/7 availability, aiming for better speed, transparency, and lower cost.

Summary:

Citi has entered into a strategic collaboration with Dandelion, a subsidiary of Euronet Worldwide, to enhance its cross-border payment capabilities. Under this agreement, Citi’s WorldLink Payment Services is being integrated with Dandelion’s extensive digital wallet network, enabling institutional clients to deliver payments directly into digital wallets in near-real time.

At launch, this service will operate in four countries—Philippines, Indonesia, Bangladesh, and Colombia—serving use cases like remittances, payroll, expense reimbursements, social benefits, and payouts to gig-economy workers. Future expansion into more global destinations is planned.

By offering full value (no hidden fees deducted) payments, accessible nearly 24/7, this partnership aims to improve cost, speed, and flexibility in international B2C disbursements. For beneficiaries who rely on digital wallets rather than bank accounts, this transfer-into-wallet method addresses a vital need, making payouts more immediate and reliable. This move underscores Citi’s push for innovation in cross-border payments and allows corporate and governmental clients to enhance their financial operations globally

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

FinTech Alliance: Partners with Seedrs to facilitate funding opportunities for founders

FinTech Alliance: Partners with Seedrs to facilitate funding opportunities...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

What is Fintech?

Fintech: A term used to refer to innovations in...

Airwallex: Your Global Business Account

Airwallex: A global business account, built for the modern...

CME Group Faces Extended Outage Impacting Trading Operations

A deep dive into the hours-long disruption faced by...

Vodacom M-Pesa Expands Cross-Border Payment Options in Tanzania

New features enable seamless international transactions for users. Highlights: Vodacom...

EU Regulator Criticizes Commission for Rushing Sustainable Transparency Proposal

Striking a balance between sustainability initiatives and regulatory precision. Highlights:...

New EU Payment Services Regulation: Key Changes and Impacts

Understanding the recently agreed changes in EU payment regulations. Highlights:...

U.S. Bank Trials Stablecoin Issuance on Stellar Blockchain

Exploring new dimensions in digital currency and payment solutions. Highlights:...

CBA Hires Lloyds’ Chief Data Officer to Enhance AI Leadership

A strategic move to bolster AI capabilities in the...

AI Agents Transform Cash Management: Insights from BIS Research

Exploring how artificial intelligence enhances cash management efficiency. Highlights: AI...

Visa Partners with AquaNow for Stablecoin Settlement in CEMEA Region

Transforming cross-border transactions through stablecoin innovation. Highlights: Visa collaborates with...
spot_img

Related Articles

Popular Categories

spot_imgspot_img