Citi to create credit products for PayPal
Citi Australia has signed its second white label credit contract in a month, announcing this week that it will develop credit products for PayPal.The digital payments company claims eight million active account holders in Australia.No details of products or launch timing were provided in Citi's media release.Early in the month, online retailer Kogan launched a credit card, the Kogan Money Black Card, which is a white label Citi product. Kogan had previously partnered with Citi to offer an instalment payment plan. Consumers with Citi credit cards can create a Kogan.com account, enrol their card and then elect to pay with interest free instalments for selected purchases.