Marqeta and Citi partner on global mobile wallet offering

We’re thrilled to announce our partnership with leading global financial services company, Citi Commercial Cards to power their global mobile wallet offering. Citi will leverage our industry-leading tokenization technology to expand payment options for their commercial card programs. Citi will integrate with our platform and their global cardholder base will be enabled to provision physical and virtual cards directly into mobile wallets. 

By 2024, mobile wallets are projected to become even more popular, comprising one-third of all Point of Sale (POS) transactions worldwide, according to Trading Platforms estimates. Our modern card issuing platform was among the first payment platforms to enable cards to be instantly provisioned and tokenized into a mobile wallet when it brought this technology to market in 2016. 

“This offering will give our corporate clients a convenient way to instantly provision a card into their mobile wallet of choice to pay seamlessly and securely on the go. Marqeta’s tokenization services will be implemented globally in over 40 markets,” said Gonca Latif-Schmitt, Global Head of Citi Commercial Cards. “We’re committed to supporting new use cases and work tirelessly to ensure our corporate clients and their employees around the world can take advantage of the latest payments technologies to help their businesses succeed.”

We’re proud to work Citi and open up new opportunities for their clients worldwide. We look forward to growing this partnership and working on additional capabilities in the future. Learn more about our digital wallets and tokenization solution here