From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
IndustryFinancial Services
FounderS Young Lee, Hope Chen, Will Chen, Jason May, Ian Flint, Jay Shen

C2it was the name of a person-to-person money transfer service established by Citibank in 2000 as a competitor to PayPal and Billpoint.[1] It was formed as a partnership with AOL, and later with Compuserve and Microsoft.[2]

The service was discontinued in November 2003, due to low usage; a 2002 Gartner survey indicated that of various online money transfer methods, only 1 percent said they used C2it vs 33 percent who used PayPal.[3]


  1. ^ "Citigroup gets into online payment services game". cnet.com. 2 January 2002. Retrieved 1 February 2019.
  2. ^ Guttmann, Robert (22 October 2002). Cybercash: The Coming Era of Electronic Money. Springer. pp. 136–137. ISBN 1403914508.
  3. ^ "Citibank to shut down C2IT person-to-person payments business". finextra.com. 1 October 2003. Retrieved 1 February 2019.