Citigroup Inc. has announced a partnership with Proxymity, a blockchain-based technology company, to launch a new service called Citi Live in South Africa. The new service is designed to help banks and other financial institutions to facilitate transactions and reduce the cost of cross-border payments.
The new service will use Proxymity’s blockchain technology to enable faster, more secure and more cost-effective payments between banks and other financial institutions. The technology will also enable banks to monitor and manage their payments more efficiently.
Citi Live will be available to customers in South Africa and will enable them to make payments in real-time using their mobile phones. The service will also allow customers to track their payments, view their transaction history and access their account information.
Citi Live will also provide banks with a secure platform to manage and monitor their payments. The service will enable banks to monitor their payments and detect any suspicious activity. In addition, banks will be able to manage their payments more efficiently and reduce the cost of cross-border payments.
Citi Live is the first of its kind in South Africa and is expected to revolutionize the banking and payments industry. The service will enable banks to reduce the cost of payments, improve security and provide customers with a faster, more secure and more cost-effective way to make payments.
The partnership between Citigroup and Proxymity is expected to bring significant benefits to banks and other financial institutions in South Africa. The service will enable banks to reduce the cost of payments and improve their security. In addition, customers will be able to make payments in real-time, track their payments and access their account information.
Citi Live is expected to revolutionize the banking and payments industry in South Africa. The service will enable banks to reduce the cost of payments, improve their security and provide customers with a faster, more secure and more cost-effective way to make payments. The service is expected to bring significant benefits to banks and other financial institutions in South Africa and will help them to better serve their customers.
Citigroup and Proxymity’s partnership to launch Citi Live in South Africa is a major step forward in the development of blockchain technology and its application in the banking and payments industry. The service is expected to revolutionize the banking and payments industry in South Africa and will help banks to reduce the cost of payments, improve their security and provide customers with a faster, more secure and more cost-effective way to make payments. The partnership between Citigroup and Proxymity is expected to bring significant benefits to banks and other financial institutions in South Africa and will help them to better serve their customers.