Citigroup has said that its global transaction services business has extended the local commercial card issuance capabilities to South Africa. This is the 50th market where Citi has launched its global card offering.
According to Citi, the offering will soon include its turnkey prepaid card solution leveraging its experience in providing corporate and government prepaid programs.
Citi commercial card solutions include: Citi corporate card, Citi purchasing card; Citi lodged account; Citi one card; and Citi virtual card accounts.
Hubert Jolly, global head of commercial cards at Citi, said: “The launch of local issuance capabilities in South Africa represents a milestone for Citi. As our clients expand globally, Citi will continue to make the investments in technology and global expansion necessary to ensure they receive an unrivaled level of support. In fact, we plan to launch an additional five new local issuance countries during 2010.”