Online card and wallet acquiring now available in Spring by Citi platform

Spring by Citi integrates online payment methods with back-office treasury management systems.

Citi has introduced online card and wallet acquiring options in the Spring by Citi platforms in Australia, Hong Kong, and Singapore.

Customers in the three markets can now enjoy online card and wallet-acquiring services alongside other forms of online payment acceptance, including instant payments and subscription-ready electronic direct debits.

Citi’s Treasury and Trade Solutions (TTS) business developed Spring by Citi, which integrates a wide range of payment methods with back-office treasury management systems and processes. It helps enterprise clients to reach more customers by offering them a seamless acceptance experience that increases sales conversion.

Spring by Citi eliminates the complexity associated with managing local payment methods and mitigates risk, the bank said.

Australia, Hong Kong and Singapore join Brazil, Canada, Germany, Ireland, Mexico, the Netherlands, the United Kingdom and the United States in enabling enterprise clients to accept a comprehensive range of local payment methods. 

Citi plans to offer the solution to more markets in the future.