Citi and PayPal join forces

Digital payments are getting a boost through a new partnership.



A strategic agreement between Citi and PayPal will enable Citi cardmembers to use their credit cards with PayPal seamlessly online, in-app or in-store in 2017. The agreement makes Citi the first global bank to partner with PayPal and tokenize cards for customers that want to use PayPal for in-store purchases, across Mastercard and Visa portfolios in the U.S.



“We continue to partner with global leaders like Citi that share a common vision to make payments simple, safe and convenient, regardless if people are shopping online, in app or in-store, said Gary Marino, chief commercial officer at PayPal. “This agreement gives PayPal and Citi the ability to leverage each other’s core assets and create better payment experiences that add value to the lives of consumers and merchants.”



The partnership comes on the heels of other improvements Citi made this year related to its mobile offerings. For example, Citi launched new functionality on its Citi Mobile App that enables cardmembers to easily dispute certain posted charges, track their replacement card delivery in real-time, and lock their account if their card is lost or stolen. Citi is also preparing for the early 2017 launch of Citi Pay, which will facilitate online, in-store and in-app payments for customers globally.