VCA is a global, electronic payment solution offering security and control using single-use commercial card account numbers. With the additional issuance capabilities in the new countries’ official currencies, Citi clients will now be able to use VCA for supplier payments in over 30 currencies and in more than 40 countries.
Citi has also broadened its cross-border payment capabilities by enabling USD virtual card issuance for clients based in Singapore or Hong Kong, as well as issuance in Korea’s currency for vendor payments outside South Korea.
Citi has revealed plans to roll out VCA in additional markets in Asia, Europe, Middle East and Africa and in Latin America in the near future.
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