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Citi Launches Citi Supplier Finance app in LatAm for Supply Chain

The Global Economics by The Global Economics
July 25, 2020
in Banking, Trending
Reading Time: 1 min read
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Citi has launched a new mobile application in Latin America that enables suppliers access to working capital through enrollment in its Citi Supplier Finance domestic programs.  

To get the better of the novel coronavirus pandemic, Citi is driving the digitization of transaction banking in LatAm with access to better digital solutions. The app provides complete visibility of receivables for discounts, transaction history, and payment status, along with a seamless connection and user-friendly interface. The app will also cater to companies’ needs for electronic onboarding services.

Launched for Android and iOS platforms earlier this month, the app makes it to Brazil, Paraguay, El Salvador, Peru, and Honduras, with future plans to launch their services in other countries of the region. Currently, the Citi Supplier Finance programs are supporting several corporate clients and over 18,000 suppliers across Latin America.Mauricio Tarazona, Latin America Trade Working Capital Finance Head, has expressed his excitement of launching the app and helping suppliers across Latin America, saying that they have been showing their customers and their suppliers of supporting their business needs in the past months. 

The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

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