Citigroup today announced that its Global Transaction Services business has extended its Commercial Cards offering to Israel.
With Israel added to the list of issuing countries, Citi Commercial Cards solutions are now available in 102 countries, which include 64 local currency programs. The launch is part of Citi's strategy to support its Clients by continuously expanding its Cards business globally.
Manish Kohli, Global Head of Commercial Cards, Citi Global Transaction Services, said: "We are very pleased to offer Commercial Card solutions to our Clients in Israel. By adding this sophisticated payment method to our local offering, we are helping Clients to move from traditional payment instruments to electronic ones, thus enabling digitization and providing a more secure, efficient and transparent solution that is underpinned by a best in class reporting tool. We are committed to expanding the global coverage of our Commercial Cards business and look forward to further strengthening our network."
Ralph Shaaya, Country Corporate Office for Israel added: "The launch of Commercial Cards in Israel is a terrific addition to our franchise as we are now able to leverage another global solution locally. This enables us to support both our local and multinational Clients by offering them a state of the art, standardized tool which addresses their growing need for greater efficiency in payments, processes and working capital management."