Corpay Named “Best B2B Payments Company” in 2023 FinTech Breakthrough Awards Program
TORONTO - March 23, 2023 – Corpay, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, today announced that Corpay’s Cross-Border business has been selected as the winner of the “Best B2B Payments Company” in the 7th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognises the top companies, technologies and products in the global FinTech market today.
Corpay is one of the largest non-bank providers of cross-border payments and currency risk management solutions in the world. Utilizing proprietary payment automation technology and currency risk mitigation solutions, Corpay is able to connect companies large and small with the global financial markets and businesses all over the world.
Partnered with more than 100 correspondent banks and counterparty trading institutions in 6 continents comprising a vast and efficient network of payment gateways and in-country processing networks, Corpay enables organizations to move money almost anywhere in the world in over 145+ currencies to more than 200 countries, with local delivery capabilities in 34+ currencies to 89 countries.
“While automation is now the norm and digital connectivity is the goal of all organizations around the world, this speed of digital transformation creates complexity and their current payment processes simply can’t keep up. Companies need a smarter way to track, manage and pay their expenses,” said James Johnson, Managing Director, FinTech Breakthrough. “Corpay addresses these complexities, eliminating manual and disjointed processes, and delivering digital payments with speed and controls that minimise risk. Their payment technology takes care of the heavy lifting so that their customers can focus on growing their businesses. We extend our sincere congratulations to the entire Corpay team on winning our ‘Best B2B Payments Company’ award for 2023.”
The FinTech Breakthrough Awards is the premier awards program founded to recognise the FinTech innovators, leaders, and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. The 2023 FinTech Breakthrough Award program attracted more than 4,000 nominations from across the globe.
“We are very honored to be recognized as the Best B2B Payments Company at the 7th annual FinTech Breakthrough Awards conducted by FinTech Breakthrough.” said Mark Frey, Group President, Corpay Cross-Border Solutions. “The entire Corpay team takes great pride in the confidence and trust that our 25,000+ customers and global businesses have in us to power their international payments, to help them execute their plans to manage their currency risk and support their business growth objectives around the world. Whether you’re a small business managing a growing supply chain and roster of partners, or a multinational looking to keep up with real-time demands, our unmatched service, world-class trading platform and expertise with respect to moving money globally – we can help you execute your payments quickly and accurately.”
Corpay also offers a spectrum of integration options that connect their entire suite of product solutions and best-in-segment delivery capabilities. Their API driven suite of solutions are designed to seamlessly integrate into any ecosystem. Lastly, their dedicated subject matter experts provide service continuity for globally positioned clientele.
Corpay’s Cross-Border business is a new brand that builds on the legacy of two leading global payment specialists, AFEX (founded 1979) and Cambridge Global Payments (founded 1992). Corpay services 3.3+ million payments annually, in 200+ countries, for 25,000+ customers.
About Corpay Corpay is a global leader in business payments, helping companies of all sizes better track, manage and pay their expenses. Corpay provides customers with a comprehensive suite of online payment solutions including Bill Payment, AP Automation, Cross-Border Payments, Currency Risk Management, and Commercial Card Programs. Corpay is part of the FLEETCOR (NYSE: FLT) portfolio of brands. To learn more visit www.corpay.com.
About FinTech Breakthrough Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honouring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.