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July 9, 2024
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Corpay Cross-Border Announces New Collaboration with Dii Desert Energy

Photo: Corpay presenting at the ‘Dii Partner Meeting’ in Paris

London, UK (9th July 2024) – Corpay, Inc.*, (NYSE: CPAY) a global leader in corporate payments, is pleased to announce that Corpay’s Cross-Border business has entered into a new collaboration with Dii Desert Energy (Dii) as an Associated Partner.

Through this collaboration, Dii’s partners will gain access to and utilise Corpay Cross Border’s innovative solutions to help mitigate foreign exchange exposure from their day-to-day business needs. Additionally, Corpay Cross-Border’s award-winning trading platform will enable their partners to manage their global payments from a single point of access. Corpay Cross-Border has recently attended the ‘Dii Partner meeting’ in Paris where senior executives of private sector companies from Dii’s industry network gathered with the joint mission of advancing energy transition projects and forging new partnerships. In conversation with Dii’s CEO Cornelius Matthes, Marco Piga presented how Corpay business can further support international energy players with tailor made solutions regarding alternative banking and Cross-Border payments.

“Corpay Cross-Border is very pleased to announce our commercial collaboration with Dii Desert Energy. I am confident that Dii’s partner base will benefit greatly from our specialised service and access to our comprehensive cross-border payments and currency risk management solutions,” said Brad Loder, Chief Marketing Officer, Corpay Cross-Border Solutions. “The team at Corpay Cross-Border is excited to build long term business partnerships with Dii Desert Energy’s network in order to power their international payments, execute plans to manage their currency risk and support their growth internationally.”

Cornelius Matthes, CEO, Dii Desert Energy said: “'We are delighted to welcome another prominent financial institution, Corpay, as Associated Partner. A unique company, facilitating payments in challenging locations at speed and helping organizations potentially reduce the cost of transactions like a fintech”.

About Corpay

Corpay, Inc. (NYSE: CPAY) is a global S&P500 corporate payments company that helps businesses and consumers pay expenses in a simple, controlled manner. Corpay’s suite of modern payment solutions help its customers better manage vehicle-related expenses (such as fueling and parking), travel expenses (e.g. hotel bookings) and payables (e.g. paying vendors). This results in our customers saving time and ultimately spending less. Corpay Cross-Border refers to a group of legal entities owned and operated by Corpay, Inc.

Corpay – Payments made easy. To learn more visit www.corpay.com.

About Dii Desert Energy

Dii Desert Energy is an independent, international, industry network headquartered in Germany. With its focus on the MENA region, it is connecting people, countries, and clean energy markets, paving the way for secure and affordable energy from the deserts and achieving net-zero emissions.

Dii Desert Energy aims at transforming the energy systems in desert areas of the Middle East and North Africa (MENA) in a holistic way, benefitting from the knowledge, expertise, and business connections from its professional staff and partners, including a top-level Advisory Board. Dii’s team consists of well-respected senior professionals in the international energy market, with experience in (green) energy industry management, projects, investments, regulations and public policy.

Dii’s platform of more than 120 companies and organizations from over 35 countries is mobilizing top executives, government decision makers, R&D institutions and academia.

Corpay Cross-Border Contact:

Brad Loder

Chief Marketing Officer

Corpay Cross-Border Solutions

(647) 627-6635

brad.loder@corpay.com

Dii Desert Energy Contact:

Valeria Aruffo

+39 349 53 83 750

valeria@dii-desertenergy.org

*“Corpay” in this document primarily refers to the Cross-Border Division of Corpay, Inc. https://www.corpay.com/cross-border; a full listing of the companies that are part of Corpay Cross-Border is available here: https://www.corpay.com/compliance.