Citi’s transaction banking franchise in the Philippines has aligned its strategy with the fastest-growing areas of client demand: e-commerce, bank-to-bank cross-border flows, and digitised trade.
Building on its payments and liquidity platforms, the bank expanded a bespoke collections solution that allows foreign merchants to receive funds at scale from the country’s fast-growing online shopper base. Filipino financial institutions have leaned on Citi to support their global ambitions, awarding mandates that use Citi’s innovative cross-currency payments rails and USD clearing, leveraging the bank’s international network to compress frictions and accelerate settlement.
Trade finance has been another bright spot.
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