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 and Mr. Mahmoud Farrag – Vice Chairman and CEO of Prime Group (third from the left) at the MOU signing ceremony.)
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Industry-First Digital Payment Solutions that Enables Citi Credit Cardholders to Settle Big Ticket Payments on Citi Mobile® App while Earning Points
HONG KONG, CHINA - Media OutReach - 29 July 2019 - Citigroup Inc. (NYSE: C)
Citi HongKong today announced the launch of Citi PayAll, a first-of-its-kind paymentsolution that enables Citibank credit cardholders to settle one-off orrecurring payments on the Citi Mobile® App using their credit card whileearning Points at the same time. Thetypes of payment Citi PayAll covers include monthly rental, monthly carparkfees, residential property management fees, and tuition fees. Clients no longerneed to settle these transactions using cash, checks or autopay, giving themmore autonomy and flexibility in payment options.
Citi PayAllis available to every Citi cardholder and can be activated instantly in a fewsimple steps via the Citi Mobile® App. Upon logging into the Citi Mobile® Appand going to the "Payment" page, clients only need to choose between "single payment" or "recurring payments" for up to two years; provide the necessary paymentdetails such as recipient's name, bankaccount number, and the amount to be settled; and finally select the creditcard to be used to settle the payment. Clients will receive a payment alertwhen the transaction is debited from their credit card and the full transactionamount including any applicable fees[1]will be reflected in the credit card statement.
Lawrence Li, Head of Cards and Unsecured Lending at Citibank Hong Kong,said, "At Citi, weare constantly looking for further enhancements to deliver a remarkable clientexperience by leveraging our technology, based on our understanding of client spendingbehaviors and needs. With the launchof Citi PayAll, we not only give our clients an alternative means to make theirpayments easily and smartly through our mobile app, but also offer them morevalue on their regular spending."
From now on with Citi PayAll, Citi cardholders can earn up to 900,000 Points[2]in a year with successful HK$50,000[3]monthly scheduled payment.
For further information, please visit Citibank.hk/payall.
[1] A service fee per each scheduled payment may be applied.
[2] The calculation is based on the assumption that all transactions are madewith Citi PremierMiles Card, cardholders of Citi PremierMiles Card will beawarded 12 Points per HK$8 local transaction posted.
[3]There is amonthly cap of HK$50,000 and a maximum of 10 Citi PayAll transactions within amonth across all categories. Clients are only allowed to make a maximum of 2Citi PayAll transactions to the same beneficiary within one month.
About Citi
Citi,the leading global bank, has approximately 200 million customer accounts anddoes business in more than 160 countries and jurisdictions. Citi providesconsumers, corporations, governments and institutions with a broad range offinancial products and services, including consumer banking and credit,corporate and investment banking, securities brokerage, transaction services,and wealth management.
Additional informationmay be found at www.citigroup.com | Twitter: @Citi | YouTube:www.youtube.com/citi | Blog: https://blog.citigroup.com | Facebook:www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
