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The Latin American market is seeing a wave of change as banks withdraw or offload their businesses. In the transaction banking business, this is giving the remaining banks scope to reconsider their positions. Citi has decided to redouble its efforts in the region and the result is that Citi wins the award for the region’s best bank for transaction services.
Citi has taken a strategic approach to create greater alignment between payments and FX. Citi WorldLink launched a Brazilian real payment platform that enables local currencies to be paid directly into Brazil using straight-through processing.
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