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Dubai - Citi Treasury and Trade Solutions (TTS), the leading provider of cash management and trade services in the region and MasterCard, a leading technology company in the global payments industry, recently hosted a joint Commercial Card client engagement event to present their market leading capabilities in providing commercial payment solutions to businesses in the Middle East.
The event was held at the Conrad Hotel, and welcomed a number of Fortune 500 corporations and local conglomerates. Presentations focused on the rapid growth of commercial cards in the region and how Citi's innovative products, such as virtual cards, are enabling clients to take advantage of the benefits offered by card payments.
"We are seeing a rising number of corporations looking to the United Arab Emirates as a centralized hub to manage their B2B financial activities across the region, and as such, need global expense management and reporting solution capabilities" said Emre Karter, TTS Regional Head for Middle East, North Africa, Turkey and Pakistan. "At Citi, we are committed to providing businesses with globally consistent and innovative commercial payment solutions and aligning with Dubai's vision to support the corporate and public sectors with state-of-the-art payment solutions".
Raghu Malhotra, Division President - Middle East & North Africa, MasterCard commented: "Today, we are seeing a global evolution - a move from the physical to the digital in the consumer space which is also translating into the corporate space. Payments are migrating from cash and cheque to electronic and automated. MasterCard has a number of global solutions, which allows our key partners - such as Citi - to bring innovative commercial payment solutions that meet the unique needs of the market. We will continue to work with industry leaders to make electronic payments simpler, safer and more convenient for corporations across the region."
Citi's suite of commercial card products, which includes industry leading virtual cards platform, form the core of the expense management strategies for many multinational corporations, making it a premier card issuer in terms of technology, innovation and volume. Citi's commercial card programs have proven their value as an effective means for enhancing bottom-line profitability. Treasury departments of corporations and public sector entities can streamline their procurement processes, while cashing in on critical costing savings, increasing staff productivity, as well as improving their purchasing power and cash management efficiencies. Citi's program also provides increased transparency and control over travel &entertainment expenses.
For more information regarding any of Citi's innovative global solutions, please visitwww.citicommercialcards.com
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About Citi Treasury and Trade Solutions
Citi Treasury and Trade Solutions (TTS) enables clients' success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions and public sector organizations across the globe. Based on the foundation of the industry's largest proprietary network with banking licenses in over 100 countries and globally integrated technology platforms, TTS continues to lead the way in offering the industry's most comprehensive range of digitally enabled treasury, trade and liquidity management solutions.
About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
About MasterCard
MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world's fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard's products and solutions make everyday commerce activities - such as shopping, traveling, running a business and managing finances - easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardMEA, join the discussion on the Cashless Conversations Blog and subscribe for the latest news.
Contacts
Citi:
Tara Sirinyan
+971 (4) 509-9570
tara.sirinyan@citi.com
MasterCard:
Stephanie King
+971 (4) 33 44 930
Stephanie.King@hkstrategies.com
© Press Release 2015
