Citigroup Partners With Dandelion to Advance Cross-Border Wallet Reach

Citigroup Inc. C and Dandelion, a subsidiary of Euronet Worldwide, Inc., collaborate to enhance cross-border payments by integrating Citigroup’s WorldLink Payment Services with Dandelion’s extensive digital wallet network.In recent years, many companies have been taking steps to improve their payment platforms. In April 2025, Barclays PLC BCS partnered with Brookfield Asset Management Ltd. BAM to transform its payment acceptance business and drive long-term growth. The partnership combines BCS’s extensive UK client relationships and payments expertise with BAM’s global private equity experience in payments, technology and operational transformation, aiming to create a standalone entity and enhance service offerings for merchants and corporate clients.Details of the Citigroup–Dandelion CollaborationThis partnership will enable C’s clients to deliver near-instant, full-value payments into digital wallets across multiple markets. The capability will initially be extended to the Philippines, Indonesia, Bangladesh, and Colombia, with further expansion planned.The collaboration empowers Citigroup’s institutional clients to make faster, cost-effective business-to-consumer (B2C) payments across borders. By paying directly into wallets, the company can address applications such as remittances, payroll, expense reimbursements, customer refunds, compensation payouts and transfers to freelance or gig-economy workers.Emanuela Saccarola, Citigroup’s head of Cross-Border Payments, Services, stated, “Our collaboration with Dandelion underscores Citi's commitment to delivering innovative and comprehensive payment solutions that meet the evolving needs of our global clients.” Saccarola further stated, “By integrating Dandelion's robust digital wallet network with Citi's global payment infrastructure, we are enabling clients to reach new markets with faster, more transparent and cost-efficient solutions. This reinforces Citi’s leadership in 24/7 real-time global payments.”Strategic Implications of C's CollaborationThe partnership expands Citigroup’s WorldLink capabilities, allowing clients to make cross-border payments in more than 135 currencies through traditional wires, automated clearing house and cross-border instant payments.With this partnership, the company extends its reach to over 150 digital destinations, including mobile wallets and debit cards, positioning itself strongly in the evolving global payments landscape.With Dandelion’s network covering 63 countries, Citigroup clients could gain access to broader digital economies where digital wallets are the primary channel for financial transactions. The integration with wallet providers and card networks will also help to broaden its global payment footprint.C’s Zacks Rank & Price PerformanceOver the past six months, C’s shares have gained 42.1% compared with the industry’s 28.5% growth.Image Source: Zacks Investment ResearchThe company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Citigroup Inc. (C): Free Stock Analysis Report Barclays PLC (BCS): Free Stock Analysis Report Brookfield Asset Management Ltd. (BAM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks