Citi Commercial Cards has selected payments business Marqeta to help develop mobile wallets.
In Brief:
Citi Commercial Cards is the arm of Citi which provides card solutions to institutional clients.
Marqeta’s tokenisation technology will power its new mobile wallet offering.
This will enable the bank to offer corporate plastic cards as well as virtual cards in mobile wallets.
What does this mean?
Citi Commercial Cards says the partnership with Marqeta will enable it to offer corporate clients a “convenient” way to instantly provide a card that works with their mobile wallet of choice.
