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Citi joins P2P network

joinedclearXchange, a person-to-person payments network.

Functionalitywill be enabled in early 2017, which will allow P2P payments for both onlineand mobile Citi customers.

A number ofother large banks signed up for P2P payments with clearXchange several weeksearlier, in effortsto compete with fintech companies such as PayPal Holdings Inc. These include , , ,U.S. Bancorp andCapital One FinancialCorp.