NEW YORK—Citi and Mastercard are teaming up as network partners for the digital checking and savings account Citi Plex on Google Pay, available for both Android and iOS.
Citi Plex account holders will receive a debit Mastercard, an auto-provisioned instant digital debit card. Upon request, consumers can opt for a contactless-enabled, physical debit Mastercard with access to 60,000-plus fee-free ATMs, Pymnts.com reported.
“The consumer migration to digital banking was well underway and then the pandemic hit, turning the consumer’s desire for digital interactions into a need,” said Meredith Spatz, Mastercard executive vice president, North America.
She added that the move to digital “opened the door” for collaboration among financial and technical institutions. As a result, consumers have more digital solutions that “deliver new capabilities” with more “control and insight” over personal finances.
With about 200 million customer accounts in more than 160 countries, Citi offers an extensive range of financial products and services, Pymnts.com reported.