SHENZHEN / KOREA – Citi announced that it has strengthened its global B2B payments collaboration with Yanolja, a global leisure and travel technology platform, by expanding the deployment of Citi’s *Virtual Card Account (VCA) solution to Yanolja`s enterprise solution member. The collaboration was formalized at Citi Asia Digital Leaders Summit held in Shenzhen, China, where senior executives from Citi and Yanolja, including Chairman and CEO of Yanolja, Sujin Lee, were in attendance. Yanolja will integrate Citi’s global B2B payments solutions into its enterprise solution member, enabling consistent operational standards and controls across multi-country transaction platforms. As digital companies expand into multiple markets, at times simultaneously, payments infrastructure has evolved to become a core enabler of operational resilience and scalable global growth. Citi’s Virtual Card Account (VCA) solution enables clients to expand into new markets without large-scale system overhauls while maintaining their existing operating models. The solution allows corporate clients to segregate transactions by country, legal entity, and business line, while centrally managing global payment flows. This enhances transparency and control, while driving operational efficiency, cost optimization, and faster time-to-market. Gunjan Kalra, Head of Citi Commercial Bank for JANA and South Asia, said, “As global expansion becomes increasingly diversified across regions, the importance of maintaining consistent operating standards for clients entering new markets continues to grow. This collaboration demonstrates a core component of how Citi Commercial Bank supports mid-sized corporates, globally, with their international ambitions. It illustrates the importance of a unified global payments infrastructure in supporting both the stability and pace of international growth for mid-sized corporates.” Sujin Lee, Chairman and CEO of Yanolja, said, “Working with Citi represents an important strategic milestone as we seek to develop next-generation payment capabilities tailored to the global travel industry. By combining Yanolja’s travel-focused SaaS solutions and platform capabilities with Citi’s global financial infrastructure, we aim to support digital transformation and innovation in travel payments.” Looking ahead, the two organizations plan to further enhance risk management capabilities and global treasury infrastructure through initiatives such as AI-driven anomaly detection, automated reconciliation processes, and cost optimization programs to support continued international expansion. Since 2017, Yanolja has developed SaaS-based solutions applicable across the hospitality and leisure ecosystem, including hotels, resorts, and restaurants. The company currently serves more than 40,000 clients across approximately 200 countries, offering services in over 60 languages. Citi Korea, as part of Citi’s global network, supports Korean corporates in their international expansion and cross-border financial operations. Re-disseminated by The Asian Banker
