{"id":41036,"date":"2025-12-09T13:32:08","date_gmt":"2025-12-09T06:32:08","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=41036"},"modified":"2025-12-09T13:32:08","modified_gmt":"2025-12-09T06:32:08","slug":"paobank-partners-with-citi-to-bring-new-currency-exchange-service-to-retail-customers-in-hong-kong","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=41036","title":{"rendered":"PAObank Partners with Citi to Bring New Currency Exchange Service to Retail Customers in Hong Kong"},"content":{"rendered":"<h4><i>By using Citi\u2019s proprietary Digital FX solution, PAObank can deliver real-time, 24\/7 FX service across HKD, USD and RMB via the PAObank Mobile Banking APP<\/i><\/h4>\n\n<p>HONG KONG SAR &#8211;  <a href=\"https:\/\/www.media-outreach.com\/\">Media OutReach Newswire<\/a> &#8211; 9 December 2025 &#8211; Citi and PAO Bank Limited (&#8220;PAObank&#8221;) have partnered to enable PAObank to introduce a new service, allowing PAObank&#8217;s retail customers to conduct real-time foreign exchange (FX) transactions in Hong Kong dollar, US dollar and Renminbi 24\/7. The two organizations are planning to extend the FX service to include additional currencies. While supported by Citi&#8217;s platform, this FX service is offered by PAObank directly to its end customers. <\/p>\n<p> By connecting to Citi&#8217;s proprietary FX API (Application Programming Interface), PAObank can enable its retail customers to conduct real-time FX transactions on its Mobile Banking APP. The process is fully automated. The accounts of the end customers will be debited and credited seamlessly in real time. <\/p>\n<p> Citi FX API is a plug\u2011and\u2011play solution that can be seamlessly integrated into Citi clients&#8217; existing systems and processes. The solution provides Citi clients with access to more than 100 currencies<b>*<\/b>, enabling them to go to market faster, without the need for tech infrastructure buildout and in-house FX trading capabilities. <\/p>\n<p> &#8220;For over a decade, Citi&#8217;s FX API solutions have been helping financial institutions and payment intermediaries drive their businesses forward, enabling them to offer FX and cross\u2011border payment services to their end customers,&#8221; said  <b>Darren Brighton, Global Head of Digital FX Sales for Citi<\/b>. &#8220;We are excited to partner with PAObank on the launch of their currency exchange service for retail customers, supporting the company&#8217;s commitment to advancing financial inclusion through cutting-edge digital banking services.&#8221; <\/p>\n<p> &#8220;We are delighted to partner with Citi for PAObank to introduce real-time FX service to our retail customers via the PAObank Mobile Banking APP, accelerating our goal towards offering comprehensive retail banking services. This collaboration strengthens PAObank&#8217;s capability to deliver seamless banking services, underscoring our commitment to enhancing customer experience and advancing digital banking in Hong Kong,&#8221; said  <b>Kenneth Tsoi, Head of General Banking Product, PAObank<\/b>. <br \/> <b><i>     <br \/>     *The number of currencies will be dependent on the Citi entity that the client transacts with. <\/i><\/b> <\/p>\n<p>Hashtag: #Citibank #PAObank<\/p>\n<p>The issuer is solely responsible for the content of this announcement.<\/p>\n\n<h4>About Citi<\/h4>\n<p>Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services. <\/p>\n<p> Additional information may be found at<b> <\/b><a href=\"http:\/\/www.citigroup.com\/#_blank\" class=\"social-media-link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/release.media-outreach.com\/Release\/templates\/images\/socialMedia\/generic_link.png\" width=\"24\" height=\"24\" data-no-lazy=\"1\" \/>www.citigroup.com<\/a> | X:  <a href=\"https:\/\/twitter.com\/Citi#_blank\" class=\"social-media-link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/release.media-outreach.com\/Release\/templates\/images\/socialMedia\/iconmonstr-twitter-1-24.png\" width=\"24\" height=\"24\" data-no-lazy=\"1\" \/>@Citi<\/a> | LinkedIn:  <a href=\"http:\/\/www.linkedin.com\/company\/citi#_blank\" class=\"social-media-link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/release.media-outreach.com\/Release\/templates\/images\/socialMedia\/iconmonstr-linkedin-1-24.png\" width=\"24\" height=\"24\" data-no-lazy=\"1\" \/>www.linkedin.com\/company\/citi<\/a> | YouTube:  <a href=\"http:\/\/www.youtube.com\/citi%7C#_blank\" class=\"social-media-link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/release.media-outreach.com\/Release\/templates\/images\/socialMedia\/iconmonstr-youtube-6-24.png\" width=\"24\" height=\"24\" data-no-lazy=\"1\" \/>www.youtube.com\/citi<\/a> | Facebook:  <a href=\"http:\/\/www.facebook.com\/citi#_blank\" class=\"social-media-link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/release.media-outreach.com\/Release\/templates\/images\/socialMedia\/iconmonstr-facebook-1-24.png\" width=\"24\" height=\"24\" data-no-lazy=\"1\" \/>www.facebook.com\/citi<\/a> <\/p>\n\n<h4>About PAO Bank Limited <\/h4>\n<p>PAO Bank Limited (&#8220;PAObank&#8221;), a wholly-owned subsidiary of Lufax Holding Ltd (&#8220;Lufax&#8221;) (SEHK: 6623; NYSE: LU) and a member of Ping An Insurance (Group) Company of China, Ltd. (&#8220;Ping An&#8221;) (SEHK: 2318; SSE: 601318), is committed to fostering financial inclusion and establishing a digital banking ecosystem by leveraging its extensive experience in SME banking services and its leading financial technology advantages. PAObank was granted a banking licence by the Hong Kong Monetary Authority in May 2019 to offer banking services via digital channels. PAObank is expanding diverse business segments including retail banking and SME banking. <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/track.media-outreach.com\/index.php\/WebView\/435647\/118699\" alt=\"\" width=\"1\" height=\"1\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<h4><i>By using Citi\u2019s proprietary Digital FX solution, PAObank can deliver real-time, 24\/7 FX service across HKD, USD and RMB via the PAObank Mobile Banking APP<\/i><\/h4>\n<p>HONG KONG SAR &#8211;  <a href=\"https:\/\/www.media-outreach.com\/\">Media OutReach Newswire<\/a> &#8211; 9 December 2025 &#8211; Citi and PAO Bank Limited (&#8220;PAObank&#8221;) have partnered to enable PAObank to introduce a new service, allowing PAObank&#8217;s retail customers to conduct real-time foreign exchange (FX) transactions in Hong Kong dollar, US dollar and Renminbi 24\/7. The two organizations are planning to extend the FX service to include additional currencies. While supported by Citi&#8217;s platform, this FX service is offered by PAObank directly to its end customers. <\/p>\n<p> By connecting to Citi&#8217;s proprietary FX API (Application Programming Interface), PAObank can enable its retail customers to conduct real-time FX transactions on its Mobile Banking APP. The process is fully automated. The accounts of the end customers will be debited and credited seamlessly in real time. <\/p>\n<p> Citi FX API is a plug\u2011and\u2011play solution that can be seamlessly integrated into Citi clients&#8217; existing systems and processes. The solution provides Citi clients with access to more than 100 currencies<b>*<\/b>, enabling them to go to market faster, without the need for tech infrastructure buildout and in-house FX trading capabilities. <\/p>\n<p> &#8220;For over a decade, Citi&#8217;s FX API solutions have been helping financial institutions and payment intermediaries drive their businesses forward, enabling them to offer FX and cross\u2011border payment services to their end customers,&#8221; said  <b>Darren Brighton, Global Head of Digital FX Sales for Citi<\/b>. &#8220;We are excited to partner with PAObank on the launch of their currency exchange service for retail customers, supporting the company&#8217;s commitment to advancing financial inclusion through cutting-edge digital banking services.&#8221; <\/p>\n<p> &#8220;We are delighted to partner with Citi for PAObank to introduce real-time FX service to our retail customers via the PAObank Mobile Banking APP, accelerating our goal towards offering comprehensive retail banking services. This collaboration strengthens PAObank&#8217;s capability to deliver seamless banking services, underscoring our commitment to enhancing customer experience and advancing digital banking in Hong Kong,&#8221; said  <b>Kenneth Tsoi, Head of General Banking Product, PAObank<\/b>. <br \/> <b><i>     <br \/>     *The number of currencies will be dependent on the Citi entity that the client transacts with. <\/i><\/b> <\/p>\n<p>Hashtag: #Citibank #PAObank<\/p>\n<p>The issuer is solely responsible for the content of this announcement.<\/p>\n<h4>About Citi<\/h4>\n<p>Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services. <\/p>\n<p> Additional information may be found at<b> <\/b><a href=\"http:\/\/www.citigroup.com\/#_blank\" class=\"social-media-link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/release.media-outreach.com\/Release\/templates\/images\/socialMedia\/generic_link.png\" width=\"24\" height=\"24\" data-no-lazy=\"1\" \/>www.citigroup.com<\/a> | X:  <a href=\"https:\/\/twitter.com\/Citi#_blank\" class=\"social-media-link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/release.media-outreach.com\/Release\/templates\/images\/socialMedia\/iconmonstr-twitter-1-24.png\" width=\"24\" height=\"24\" data-no-lazy=\"1\" \/>@Citi<\/a> | LinkedIn:  <a href=\"http:\/\/www.linkedin.com\/company\/citi#_blank\" class=\"social-media-link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/release.media-outreach.com\/Release\/templates\/images\/socialMedia\/iconmonstr-linkedin-1-24.png\" width=\"24\" height=\"24\" data-no-lazy=\"1\" \/>www.linkedin.com\/company\/citi<\/a> | YouTube:  <a href=\"http:\/\/www.youtube.com\/citi%7C#_blank\" class=\"social-media-link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/release.media-outreach.com\/Release\/templates\/images\/socialMedia\/iconmonstr-youtube-6-24.png\" width=\"24\" height=\"24\" data-no-lazy=\"1\" \/>www.youtube.com\/citi<\/a> | Facebook:  <a href=\"http:\/\/www.facebook.com\/citi#_blank\" class=\"social-media-link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/release.media-outreach.com\/Release\/templates\/images\/socialMedia\/iconmonstr-facebook-1-24.png\" width=\"24\" height=\"24\" data-no-lazy=\"1\" \/>www.facebook.com\/citi<\/a> <\/p>\n<h4>About PAO Bank Limited <\/h4>\n<p>PAO Bank Limited (&#8220;PAObank&#8221;), a wholly-owned subsidiary of Lufax Holding Ltd (&#8220;Lufax&#8221;) (SEHK: 6623; NYSE: LU) and a member of Ping An Insurance (Group) Company of China, Ltd. (&#8220;Ping An&#8221;) (SEHK: 2318; SSE: 601318), is committed to fostering financial inclusion and establishing a digital banking ecosystem by leveraging its extensive experience in SME banking services and its leading financial technology advantages. PAObank was granted a banking licence by the Hong Kong Monetary Authority in May 2019 to offer banking services via digital channels. PAObank is expanding diverse business segments including retail banking and SME banking. <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/track.media-outreach.com\/index.php\/WebView\/435647\/118699\" alt=\"\" width=\"1\" height=\"1\" \/><\/p>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2,4],"tags":[],"class_list":["post-41036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media-outreach-newswire","category-media-outreach-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/41036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41036"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/41036\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}