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Citi launches supplier finance mobile app in Latin America

Source: Citi

Citi launched a new mobile app in Latin America to facilitate suppliers enrolled in Citi Supplier Finance domestic programs access to working capital.

This new user-friendly digital tool provides suppliers 24/7 visibility of receivables available for discount, payment status and transactions history.

The Citi Supplier Finance mobile app initially launched this month for both iOS (12+) and Android (7+)* smartphones in Brazil, El Salvador, Honduras, Paraguay, and Peru. Citi plans to offer this app in other countries in the region in the near future. Currently, Citi Supplier Finance programs serve hundreds of corporate clients and more than 18,000 suppliers across Latin America.

“In the past months, we have showed our clients that we are here to support their business needs and those of their suppliers. We are very excited to launch this app and be able to offer suppliers across Latin America a convenient and easy-to-use channel, wherever they are**,” said Mauricio Tarazona, Latin America Trade Working Capital Finance Head.

Citi is driving the digitization of transaction banking in Latin America and its digital solutions have helped clients to overcome financial challenges due to the COVID-19 pandemic. This new mobile app comes as an additional component of the digital offering, joining other solutions such as the electronic self-service tools to onboard suppliers. “With clients increasingly embracing mobile, we continue to innovate, reflecting the changes in clients’ business models and certain priorities,” said Andre Carvalho, Latin America Trade Head. In 2019, Citi launched CitiDirect BE® app for mobiles and tablets* to allow users of our next-generation banking platform to work quickly and efficiently.

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