Yanolja announced that it is strengthening cooperation with the global financial institution CITI to innovate payment systems in the travel industry.
The two companies officially announced plans to expand global cooperation at the Citi Asia Digital Leaders Summit 2026, held from the 11th to the 13th at the Mandarin Oriental Shenzhen in Shenzhen, Guangdong Province, China.
The core of this collaboration is to expand the partnership between Yanolja and CITI Bank Korea, which has been ongoing since 2021, across CITI's entire global network. Through this, the two companies plan to build a next-generation integrated payment and settlement infrastructure optimized for the travel industry.
In this collaborative project, the plan is to enhance various financial and payment services by combining Yanolja’s global travel data and solution capabilities with CITI’s international financial network. Key areas of cooperation include strengthening global B2B settlement efficiency and transparency, integrating API-based automated payment and settlement systems, AI-based financial risk management, and expanding global fund management and payment infrastructure.
The plan is to automate complex overseas payment processes and enhance operational efficiency, thereby supporting global travel operators to run their businesses in a more stable and cost-effective environment.
Gunjan Kala, Head of Commercial Banking at CITI, stated, “As companies rapidly expand their global presence into various regions, it is crucial to maintain a consistent operational system in each market,” adding, “This collaboration is an example demonstrating the role of integrated payment infrastructure in supporting the growth strategies of global mid-sized enterprises.”
Lee Soo-jin, CEO of Yanolja Group, stated, “The collaboration with CITI will be a significant milestone in building a next-generation payment system for the global travel industry,” adding, “We will continue to drive innovation in the travel industry by combining Yanolja’s travel data platform and AI-based solution capabilities with CITI’s financial infrastructure.”
Meanwhile, during the summit, Lee Jun-young, Head of Yanolja’s Enterprise Solutions Division, delivered a presentation under the theme "Leading the Future of Travel with Technology," introducing the group’s global AI solution strategy and the direction of data-driven travel service innovation.
Recently, there has been a growing trend in the travel and tourism industry to advance cross-border payment and settlement systems through cooperation between global platform companies and financial institutions.
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