Termination of Citibank China Corp Credit Card Agreement Feb 2024

[SusanT]

Citibank has notified us they are terminating our Commercial Card Programs for Citibank (China) effective Feb 2024. For those with corp card programs in China, wondering what your company is planning to do instead? Are there any suggestions for large bank corp card programs, or are you planning to go with the regional China banks?  Appreciate any input, advice, guidance. 

[rohanpatil · Accepted solution]

Hi @SusanT 

We are in the same situation with Citi withdrawing from various markets in the near term. Our procurement teams are working with local companies to determine the best fit for those markets. In my experience, most companies tend to work with CMB when it comes to China.

Hope this helps.