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What are local rails, and what are their benefits?

In this article, we’ll dive deeper in the structure of our Multi-Currency Accounts, and the payment rails available. You may have noticed that we refer to them as Corpay’s “Multi-Currency Accounts,” not simply as a “Multi-Currency Account.”

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By Cross-Border
Nov 11, 2025
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Single-platform access to simplify accounting and reconciliations
Cross-BorderGlobal paymentsRisk management

Single-platform access to simplify accounting and reconciliations

Our MCA solution is enabled on a single, easy to use platform—the same core trading and payment system that thousands of our clients use today.

Bloomberg: Firms Shrink Currency Hedges as US Market Turmoil Fades

Bloomberg: Firms Shrink Currency Hedges as US Market Turmoil Fades

“Hedgers should think of this as an opportunity to exploit a degree of complacency,” Karl Schamotta, chief market strategist at business payments firm Corpay.

Managing Multi-Currency Accounts across multiple entities
Global paymentsCross-BorderRisk management

Managing Multi-Currency Accounts across multiple entities

Some examples of how our MCAs work with businesses with different structures—and how the MCAs might make managing multiple entities more efficient.

CBC: A post-shutdown fog will hang over the U.S. economy for months

CBC: A post-shutdown fog will hang over the U.S. economy for months

“Our view of the economy is more based on vibes than verified information,” said Karl Schamotta, chief market strategist for the financial services company Corpay … It's like a Rorschach test for macroeconomic understanding”.

Bloomberg: US Stocks Slide as Government Reopens With Data Still Delayed

Bloomberg: US Stocks Slide as Government Reopens With Data Still Delayed

“Markets are struggling to gain traction this morning as the US government shutdown ends and a hawkish repricing in Federal Reserve expectations continues,” said Karl Schamotta, chief market strategist at Corpay.

BNN Bloomberg: Outlook for Fed policy, and how Canada's budget might impact growth

BNN Bloomberg: Outlook for Fed policy, and how Canada's budget might impact growth

Karl Schamotta, chief market strategist at Corpay, discussed the outlook for Fed policy, and how Canada's budget might impact growth with BNN Bloomberg's Andrew Bell.

Smarter payments. Stronger growth. Keep business moving.

See how corpay brings AP, card programs, lodging, fleet and cross-borders together