Citi Korea, Yanolja Expand Global B2B Payments Partnership With Virtual Cards

Korea Citibank said Friday it is strengthening cooperation with global travel tech company Yanolja on business-to-business payments and will expand the use of Citi’s virtual card solution to Yanolja’s enterprise solution member companies.

The companies formalized the partnership at the “Citi Asia Digital Leaders Summit 2026” in Shenzhen, China, with senior executives attending, including Mark Luet, Citi’s head of cluster and banking for Japan, North Asia and Australia, and Lee Soo-jin, Yanolja’s group co-CEO.

Yanolja will integrate Citi’s global B2B payment framework across its enterprise solution members, allowing them to maintain consistent operating processes and control standards in multi-country transactions, the bank said.

Citi said its virtual card solution helps companies expand into new markets without major system overhauls, while keeping existing operations in place. It also enables clients to manage transactions by country, legal entity and business unit, while centrally overseeing global payment flows.

“This partnership is a key example of how Citi supports the global growth strategies of mid-sized companies worldwide,” said Gunjan Kalia, Citi’s head of commercial banking for Japan, North Asia, Australia, South Asia and the region. He said it underscores the importance of an integrated global payments infrastructure that supports both stability and speed in international expansion.

The two companies said they plan broader cooperation to support overseas expansion, including stronger risk management using artificial intelligence for suspicious-transaction detection, automated settlement and cost optimization, as well as expanded global finance and payments infrastructure.