Mastercard and Corpay Launch Strategic Partnership in Cross-Border Payments
Press Releases
April 29, 2025 7:30 AM
Corpay becomes exclusive partner for commercial cross-border payments distributed to Mastercard’s financial institution customers
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As a result, Mastercard’s financial institutions and their customers will now have simplified access to robust, end-to-end cross-border payments choices, including carded and non-carded solutions supporting all ticket sizes.
Under the agreement,
The partnership will strengthen solutions offered to financial institutions:
- Corpay will be the exclusive provider of industry-leading currency risk management and integrated large-ticket cross-border payments solutions to Mastercard’s financial institution customers
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The companies will extend their decades-long virtual card collaboration, with Corpay exclusively offering
Mastercard virtual card programs to its customers - Mastercard Move’s proven service focusing on disbursements and remittances for small ticket transactions will be offered to a broader set of small and mid-sized businesses in a range of new markets, including to existing Corpay customers
“This represents the natural extension of our commercial cross-border solutions,” said
“We’re incredibly excited about this investment and new partnership with Mastercard,” said
Corpay’s Cross-Border business offers innovative solutions that help banks, institutional investors and businesses mitigate foreign exchange exposure from their day-to-day business. Additionally, Corpay’s award-winning payments platform and network enable their customers to process large ticket and mass payments at scale in more than 160 currencies around the world.
Mastercard Move’s cross-border services provide financial institutions and other customers with reach to more than 10 billion end points across more than 200 countries and growing. The Mastercard Move network supports a number of delivery channels – bank accounts, mobile wallets, cash-out locations and cards – and payment types.
About
About Corpay
Corpay (NYSE: CPAY), the
View source version on businesswire.com: https://www.businesswire.com/news/home/20250429256060/en/
Mastercard Investor Relations
investor.relations@mastercard.com
914-249-4565
seth.eisen@mastercard.com
914-249-3153
Corpay Cross-Border Solutions
brad.loder@corpay.com
647-627-6635
Corpay Investor Relations
Jim.Eglseder@corpay.com
770-417-4697
Corpay Corporate Media Relations
Chad.Corley@corpay.com
770-729-5021
Source: Mastercard Investor Relations and Corpay