Citi Selects Mastercard as Network Partner for the Citi Plex Account by Google Pay
November 19 2020 - 6:00AM
Business Wire
The Citi Plex Account Will Focus on Simpler,
Smarter, Secure Money Management
Today, Citi announced it has selected Mastercard as its network
partner for the Citi Plex Account on Google Pay, a new digital
checking and savings account built with financial wellness and
mobile functionality at the core of the design to make managing
money simpler, smarter and more rewarding.
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the full release here:
https://www.businesswire.com/news/home/20201119005421/en/
“Today, customers want an integrated experience where their
relationship with their money operates at the same speed as the
rest of their lives,” said Alpesh Chokshi, Head of Business
Development for Citi’s Global Consumer Bank. “We are pleased to
leverage Mastercard’s many assets and capabilities, such as
tokenization, for the Citi Plex Account to create an experience
that is fully digital, and different, in banking and one that is
unique to Citi.”
Customers with a Citi Plex Account will receive a debit
Mastercard, an auto provisioned instant digital debit card, with an
option upon request for a contactless-enabled, physical debit
Mastercard with access to Citi’s nationwide network of over 60,000
fee-free ATMs, the most offered by any major bank. In delivering
both a digital and physical debit card offering, Citi Plex Account
customers have the convenience and choice to pay when, where and
how they want via debit card, smartphone or online.
“The consumer migration to digital banking was well underway and
then the pandemic hit, turning the consumer’s desire for digital
interactions into a need,” said Meredith Spatz, Executive Vice
President in North America for Mastercard. “The acceleration of the
move to digital has also opened the door for more collaborative
work amongst technology and financial players - to drive new and
enhanced solutions for consumers that not only address their need
for digital interactions but also deliver new capabilities that
give them increased control and insight over their personal
financial management.”
Google is introducing a waitlist for the Citi Plex Account today
in the Google Pay app. Download the Google Pay app on Google Play
or App Store to access the waitlist.
About Citi
Citigroup, the leading global bank, has approximately 200
million customer accounts and does business in more than 160
countries and jurisdictions. Citi provides consumers, corporations,
governments and institutions with a broad range of financial
products and services, including consumer banking and credit,
corporate and investment banking, securities brokerage, transaction
services, and wealth management.
Additional information may be found at www.citigroup.com |
Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
http://blog.citigroup.com | Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi
About Mastercard (NYSE: MA),
www.mastercard.com
Mastercard is a global technology company in the payments
industry. Our mission is to connect and power an inclusive, digital
economy that benefits everyone, everywhere by making transactions
safe, simple, smart and accessible. Using secure data and networks,
partnerships and passion, our innovations and solutions help
individuals, financial institutions, governments and businesses
realize their greatest potential. Our decency quotient, or DQ,
drives our culture and everything we do inside and outside of our
company. With connections across more than 210 countries and
territories, we are building a sustainable world that unlocks
priceless possibilities for all.
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version on businesswire.com: https://www.businesswire.com/news/home/20201119005421/en/
Citi Liz Fogarty fogartye@citi.com
Mastercard Sarah Ely sarah.ely@mastercard.com
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