22 November 2017
visit www.aciworldwide.com

Citi launches US online shopping service in Singapore

13 May 2008  |  9521 views  |  0 keyboard

Citi has launched a service that enables its customers in Singapore to make purchases on US-based online shopping Web sites.

The bank says most US e-commerce Web sites do not ship goods outside the country or accept foreign credit cards.

The new Citi-Globeshopper service allows users to bypass these constraints through a US - Singapore shipping option and free concierge service that buys products on behalf of the customers on sites that don't accept foreign credit cards.

Citi says the service provides its Singapore card customers with access to almost all of the 300,000+ shopping sites in the US.

Users sign up for the service online and receive an ID and US shipping address. Customers use this as their delivery address before the goods are shipped to Singapore through the Globeshopper service. Cross-border e-commerce outfit Borderlinx and shipping firm DHL facilitate the service.

Radha Suvarna, director, portfolio management and cross sell, Citi Singapore, says: "We want to be able to capture and enlarge this already growing segment by making it easy for our customers to shop and ship from US as they would from a local merchant."

Citi cites a survey from Nielsen showing eight out of ten Singaporeans shop online. The bank says a favourable currency rate has seen growing popularity of US Web sites selling apparel, gadgets, books and cosmetics.

Since its introduction a few weeks ago, the service has already received more than 2500 sign-ups and over 1200 orders and shipments, says Citi.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Citi CEO takes aim at IT budgets under major cost reduction programme

Citi CEO takes aim at IT budgets under major cost reduction programme

18 April 2008  |  10564 views  |  0 comments
One in eight EU adults too scared to shop online

One in eight EU adults too scared to shop online

12 February 2008  |  5074 views  |  0 comments
Citibank Singapore rolls out biometric card payment service

Citibank Singapore rolls out biometric card payment service

10 November 2006  |  18806 views  |  0 comments

Related company news

 
visit www.solutions.lexisnexis.comvisit https://www.niceactimize.comvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple boss predicts central bank adoption of blockchainRipple boss predicts central bank adoption...
19979 views comments | 31 tweets | 33 linkedin
AmEx partners Ripple and Santander for blockchain-enabled cross-border paymentsAmEx partners Ripple and Santander for blo...
11970 views comments | 15 tweets | 42 linkedin
UK cryptocurrency exchange startup launches debit card for spending bitcoinUK cryptocurrency exchange startup launche...
9698 views comments | 26 tweets | 38 linkedin
Barclays warns of unprecedented online fraud this ChristmasBarclays warns of unprecedented online fra...
9517 views comments | 16 tweets | 33 linkedin
ING brings data privacy to blockchain transactionsING brings data privacy to blockchain tran...
7043 views comments | 22 tweets | 35 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job