Citi and America Movil form JV

Citigroup and América Móvil have created a US$50m joint venture to explore opportunities in mobile payments and banking. The venture, called Transfer, will open in Mexico before rolling out to other Latin American countries. América Móvil, Latin America’s leading wireless services provider, operates in 18 markets and has more than 225 million mobile customers.

Next: Visit the NFCW Expo to find new suppliers and solutions