PayCommerce Announced as a Sponsor for Citi Mobile Challenge Asia Pacific 2015

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Events being held in Bangalore, Hong Kong, Singapore, and Sydney

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PayCommerce today announced it will help sponsor the Citi® Mobile Challenge in Asia Pacific. Citi Mobile Challenge is a virtual competition that invites developers from around the world to present innovative solutions based on Citi’s digital platform. Selected participants will demonstrate their concepts at events in Bangalore, Hong Kong, Singapore, and Sydney. Finalists compete for an opportunity to take their technologies into production with Citi’s support, plus a share of USD $100,000 in cash awards and a suite of services from Citi Mobile Challenge sponsors.

Citi Mobile Challenge in Asia Pacific follows successful launches in EMEA earlier this year and in Latin America and the U.S. in 2014. Across the three programs, Citi received nearly 2,000 submissions from more than 100 countries and hosted events in Buenos Aires, Bogotá, Silicon Valley, New York, Miami, Nairobi, Jerusalem, Warsaw and London.
Citi is currently working with several top innovations from previous Challenges to launch pilot solutions for consumer and business clients in various markets.

Abdul Naushad, PayCommerce ceo and founder, added, "We are pleased that Citi has selected PayCommerce for this exciting global initiative. We are delivering a unique and powerful set of payment APIs for cross border remittance and global collections.Through PayCommerce's API, Citi customers can now transact with 80 correspondent banks in 72 countries in 80+ currencies.

“Citi is excited to team up with PayCommerce and other leading technology firms to deliver more value to developers through Citi Mobile Challenge and fuel digital progress in the industry,” said Jorge Ruiz, Digital Acceleration Global Program Head. “Through Citi’s Digital Acceleration initiative and collaboration with leading companies we are building a unique global FinTech ecosystem.”

For more information about Citi Mobile Challenge, visit http://www.citimobilechallenge.com and follow along on social media: #CitiMobileChallenge.

About PayCommerce
PayCommerce, headquartered in Edison, NJ, is a leading open payments network which connects
80+ correspondent banks in 72 countries with settlement in 80 currencies. With global headquarters in the US and its branches across 4 continents strategically placed around the globe, its vision is to create the largest correspondent bank network that enables faster payments for disbursements and collections globally.

PayCommerce Inc. provides comprehensive and superior cross-border payment solutions to enable transaction settlements for banks and global enterprises. Its integrated payment solutions support multiple payment types around the globe. PayCommerce continues to innovate and invest its products and services to deliver the best of transaction settlement network platform and solutions for its customers.For more information on the company, please visit our website http://www.paycommerce.com

Media Contacts:
PayCommerce: Karen Morgan, kmorgan(at)paycommerce(dot)com and (917) 921-8685
Citi: Deirdre Leahy, deirdre(dot)leahy(at)citi(dot)com and +1 (212) 559-3296
Citi: James Griffiths james(dot)a(dot)griffiths(at)citi(dot)com (852) 2868 7668

© Citigroup Inc. Citi and Citi with Arc Design are registered service marks of Citigroup Inc.

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Karen Morgan
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