Payoneer (NASDAQ: PAYO), the global fintech company powering cross-border growth for businesses, has partnered with Citi to roll out 24/7 blockchain-enabled treasury transfers using Citi® Token Services. This tokenized liquidity and payment platform now enables Payoneer to move funds instantly between its own accounts in participating markets and currencies.
Driving Financial Modernization
This collaboration represents a significant milestone in Payoneer’s strategy to modernize its financial infrastructure. Moreover, it allows the company to transfer money faster, with more automation and greater transparency. As a result, Payoneer can reduce its reliance on traditional banking systems, which are often slowed by cut-off times, holidays, and weekends. In addition, the partnership strengthens Payoneer’s long-standing relationship with Citi, which already supports the fintech’s Banking-as-a-Service, FX, and cross-border payment needs.
Clear Benefits for Liquidity and Efficiency
By integrating Citi’s blockchain technology, Payoneer expects several key benefits:
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Instant Global Liquidity: Funds can move 24/7 between Payoneer entities in the U.S., UK, and Singapore, therefore removing delays linked to non-business days.
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Improved Treasury Efficiency: Transfers are faster, more transparent, and automated, consequently improving cash management and reducing FX risks through programmable settlements.
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Simple Integration: Modern APIs and blockchain protocols fit seamlessly into current systems, while minimizing infrastructure changes.
Voices from Both Sides
Bea Ordonez, CFO at Payoneer, emphasized the transformation: “Blockchain-based infrastructure is changing how money moves globally. With this collaboration, we can move money in real time, across borders, and deliver a faster, more efficient experience for our customers.”
From Citi’s side, Ryan Rugg, Global Head of Digital Assets for Treasury and Trade Solutions, explained: “Citi Token Services is redefining how clients manage liquidity and payments. Therefore, we are excited to work with Payoneer in delivering secure, scalable, and transparent payments worldwide.”
Proven Blockchain Capability
Since launching in 2024, Citi Token Services has processed billions in transaction value. Meanwhile, it has enabled multimillion-dollar transfers across Citi branches in the U.S., UK, Singapore, and Hong Kong. Currently, the service supports U.S. dollar transfers and operates continuously, avoiding delays caused by time zones or banking schedules.
Strengthening SMB Growth Globally
Founded in 2005, Payoneer focuses on enabling small and medium-sized businesses, particularly in emerging markets, to access global opportunities. Over the years, it has built a robust financial platform for sending, receiving, and managing funds in multiple currencies. By adding Citi’s blockchain solution, Payoneer further expands its ability to offer fast, secure, and borderless payment services — keeping it competitive in the rapidly evolving fintech space.