Capitalising on the modern age: Digital banking is a cheaper and faster way to grow in Asia than traditional banking channels.
HONG KONG: Citigroup Inc's tie-ups with e-commerce companies in Asia such as ride-hailing firm Grab and online retailer Lazada Group are boosting revenues at its consumer business in the region, the boss of Citigroup Asia said.
Revenues at Citi's Asia consumer division rose 3% in the third quarter from a year ago, helped by a 4% rise in credit card sales which was aided by partnerships with more digital technology-focussed firms, Asia CEO Francisco Aristeguieta said in an internal memo to staff on Tuesday seen by Reuters.
