Citi today announced that its Global Transaction Services business has launched Prepaid Visa Card Services in Egypt.
This new Prepaid Card solution provides a simple and convenient way for corporate and public sector clients to deliver payments, including payroll, per diem programs as well as sales incentives.With this launch, Citi’s Prepaid Card solutions are now offered in 29 countries around the world
Replacing existing checks, vouchers or cash payments with a more efficient, secure and convenient Prepaid Visa Card, Citi® Prepaid Services delivers personalised Visa® cards and accounts to recipients without any credit checks, required bank accounts or cumbersome applications..
Citibank’s Clients will now be able to take advantage of the Prepaid Card Service, creating comprehensive electronic payment programs that reduce costs, enhance operational efficiencies and provide an unmatched user experience.
Leveraging an extensive payment platform and proprietary Prepaid technology, Citi® Prepaid Service allow for flexible methods of payment and access to funds via Point of Sale terminals or ATMs anywhere Visa is accepted globally.
“At Citibank, we’re always looking for ways to meet the needs of all our different clients” said Aftab Ahmad, Country Manager of Citibank Egypt. “Globally we are the largest provider of Corporate and Government Prepaid card solutions and enjoy a 13-year history in this space. We are optimistic that the Prepaid Service will provide companies with a more efficient means of processing their payments” he added.
“Visa is pleased to announce our new partnership with Citibank Egypt,” said Tarek Elhousseiny, General Manager of Visa North & West Africa.“We are continually working with banks to introduce payment tools that best suit the needs of their clients.The launch of the Citi® Prepaid Service signifies an important step in financial management in Egypt and the region as corporate and public sector clients are now able to provide their employees and customers with the reliability and security of using Visa cards.”
Citi® Prepaid Services provide customized prepaid card solutions in local currencies for corporate and public sector clients looking for simple and convenient ways to deliver payments, including payroll, consumer rewards and employee incentives. Citi is the global market leader in prepaid cards and serves a number of leading public and private corporations including 40 of the fortune 100 and over 1,300 corporations globally.