Citi Australia announces strategic tie-up with PayPal Australia
Citi Australia and PayPal Credit Australia have today announced a long-term strategic partnership to develop consumer-facing credit products for PayPal’s customers in Australia.
The partnership builds on Citi’s white-label partnerships, with PayPal’s strength in technology and significant Australian customer base of more than 8 million active account holders.
PayPal empowers more than 286 million consumers and merchants in more than 200 markets to join and thrive in the global economy.
It follows a recent deal forged between Citi and Kogan to launch a credit card.
Citi has already led on a number of white-label partnerships enabling organisations like Qantas, Coles and now PayPal to use Citi’s capabilities and access increased innovation and functionality for customers.
“Citi has made tremendous strides in seamless integration and the brands we work with are able to benefit from our ability to offer consumer financial solutions that provide scale and strength,” Citi Australia’s head of cards and loans, Choong Yu Lum said,