Marqeta links with Citi to bolster global mobile wallets offering

Citi Commercial Cards has selected the tokenisation-as-a-service capabilities of Marqeta to facilitate the provisioning of cards into mobile wallets.

According to Marqeta, the tokenisation functionality will integrate with Citi’s existing systems and enable Citi’s global cardholder base to provision corporate plastic cards as well as virtual cards into mobile wallets.

Citi Commercial Cards global head Gonca Latif-Schmitt said, “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 tokenisation services will be implemented globally in over 40 markets. 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.”

Marqeta CEO and founder Jason Gardner added, “We’re proud to work with a leading global financial services company like Citi to offer our innovative tokenisation technology and services to their clients. Having immediate access to secure contactless payment options is critical for businesses today. Our offering will open up new opportunities for Citi’s clients worldwide, and we’re excited to build upon our partnership with them and work on additional capabilities in the coming years.”

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