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Tag: Citigroup

Paytm launches credit card in partnership with Citigroup

Paytm launches credit card in partnership with Citigroup

Finance
MUMBAI: India's top digital payments firm Paytm on Tuesday launched a credit card with Citigroup, widening its financial product base while giving its banking partner an opportunity to vastly expand its credit card customer base in the country. The new card should help Paytm stay a step ahead of rivals in the fiercely competitive digital payments market in India where companies from Alphabet Inc-owned Google to Walmart-owned PhonePe, are all scrambling to grab a piece of the digital payments pie that is projected to grow to $ 500 billion by 2020, according to the Boston Consulting Group. For Citi, it is a big opportunity to extend its retail presence in India. Even if only 1% of Paytm's over 300 million customers use the new credit card, that's a huge number, Stephen Bird, Chief Executive,...
Citigroup plans to boost pay this year to address inequality among female and minority workers

Citigroup plans to boost pay this year to address inequality among female and minority workers

Finance
Citigroup will increase compensation for women and minorities to bridge pay gaps in the United States, the United Kingdom, and Germany, as part of its annual pay process this year, the Wall Street bank said on Monday.Citi said it had conducted a survey in the three countries, where it found that women and minorities are paid slightly less than men and non-minorities, respectively.Compensation would be raised based on the pay gaps identified in the survey, Citi spokeswoman Jennifer Lowney said.Citi, along with other U.S. banks and credit card companies, had been under investor pressure to disclose the gender pay gap.The company's activist investor Arjuna Capital asked Citi's shareholders last year to vote in favor of a proposal requiring the bank to address the gender pay gap."Women are pai...