Citigroup Enters Banking’s Hottest Business With New Payments Unit

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Citigroup’s new unit will offer merchants a suite of consumer-payment options, including credit cards, digital wallets and direct bank-account transfers

The bank, already a dominant player in business-to-business payments, is launching a new unit that will offer big merchants a suite of consumer-payment options ranging from traditional credit cards to new digital wallets to direct bank-account transfers.

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