Citi and Emirates NBD Collaborate to Launch First-of-Its-Kind 24/7 USD Cross Border Payments in the Middle East

Citi and Emirates NBD have launched the Middle East’s first 24/7 USD cross-border payment service, enabling real-time international transactions. This innovative service offers unprecedented convenience and efficiency for businesses and individuals, marking a significant milestone in the region’s financial landscape.

Citi, a global banking leader, and Emirates NBD, one of the largest banking groups in the Middle East, have joined forces to introduce a groundbreaking 24/7 USD cross-border payment service. This pioneering initiative is set to transform the financial landscape in the region, offering unprecedented convenience and efficiency for businesses and individuals alike.

In an era where speed and reliability are paramount, the collaboration between Citi and Emirates NBD addresses the growing demand for seamless international transactions. This service, the first of its kind in the Middle East, enables real-time processing of USD payments across borders at any time of the day, throughout the year.

The innovative service leverages cutting-edge technology and robust banking infrastructure to ensure secure and swift transactions. By eliminating the traditional constraints of banking hours and weekend closures, Citi and Emirates NBD are empowering their clients with the ability to conduct business and personal transactions with greater flexibility and ease.

“We are thrilled to partner with Emirates NBD to deliver this revolutionary service,” said a Citi spokesperson. “This collaboration underscores our commitment to providing innovative financial solutions that meet the evolving needs of our clients in a rapidly changing world.”

Emirates NBD echoed this sentiment, emphasizing the significance of this service in enhancing the banking experience for their customers. “Our collaboration with Citi marks a significant milestone in the Middle Eastern financial sector. By offering 24/7 USD cross-border payments, we are setting a new standard for efficiency and customer satisfaction,” stated an Emirates NBD representative.

This new service is expected to benefit a wide range of clients, from multinational corporations to small and medium-sized enterprises (SMEs) and individual customers who frequently engage in international transactions. The real-time capability of the service not only accelerates business operations but also provides a competitive edge in the global market.

Furthermore, the launch of this service aligns with the broader strategic goals of both banks to enhance digital banking capabilities and expand their global reach. As the financial industry continues to evolve, the partnership between Citi and Emirates NBD serves as a testament to the power of collaboration and innovation in driving forward the future of banking.