Payoneer Global (PAYO) said Tuesday it entered into a collaboration with Citigroup (C) to move money across Payoneer-owned accounts via Citi Token Services.
The company said real-time, blockchain-enabled treasury transfers through Citi Token Services will cut dependence on traditional payment methods and minimize delays due to banking cut-off times, holidays and weekends.
Payoneer said the partnership builds on its existing relationship with Citi to leverage the bank's banking as a service and cross-border foreign exchange and payment capabilities.
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