Computershare, a global financial services and technology provider for the securities industry, has entered into a partnership with Global Transaction Services, a business of Citigroup Corporate and Investment Banking, to offer an international payments service to its corporate clients and shareholders.
The collaboration will support cross-border dividend, share plan, and corporate action payments through WorldLink Payment Services, which is used by corporations, financial institutions and governments to process international payments in over 135 currencies.
Computershare is committed to developing innovative services that support and promote the needs of global companies. Through our partnership with Citigroup, we aim to fundamentally change market practice for dividend and other types of payments, said Paul Conn, head of global capital markets for Computershare. At the moment, many investors experience inconvenience, delay and extra cost when they receive payments in a currency other than the one they prefer.
By using the WorldLink solution, combined with enhancements to its own proprietary technology, Computershare can now offer its clients access to convenient international payment solutions in areas such as corporate dividends, corporate actions and share plan administration.
The new service enables investors who are established overseas to receive payments in the currency of their choice through a variety of cost-efficient options.