FIA announces Corpay as Official FX Payment Supplier

CalendarDecember 5, 2022

The Fédération Internationale de l'Automobile (FIA), the governing body of world motorsport and the federation of the world's leading motoring organizations, has entered into a multi-year agreement with Corpay’s Cross-Border business to become the “Official FX Payment Supplier of the FIA”.

Through this collaboration, the FIA will have the option to utilise Corpay’s innovative solutions to help mitigate their foreign exchange exposure from a single point of access.

Alexandre Gueschir, FIA Marketing and Events Director, said: “We are delighted to welcome Corpay, a global leader in business payments, as FIA’s Official FX Payment Supplier. We look forward to introducing Corpay through our corporate events and business partner network and continuing to grow this partnership in the longer term.”

Brad Loder, Vice-President, Marketing, Corpay Cross-Border Solutions, said: “Corpay is excited about our new partnership with the FIA and being named their Official FX Payment Supplier. I am confident that the FIA will benefit from access to our comprehensive cross-border payments and FX risk management solutions, along with our payments experience gained within the world of sports.”

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.

About the FIA

The Fédération Internationale de l'Automobile (FIA) is the governing body for world motor sport and the federation of the world’s leading motoring organisations. Founded in 1904, the FIA is a non-profit organisation. It brings together 245 international motoring and sporting organisations from 146 countries on five continents. Its member clubs represent millions of motorists and their families. The FIA promotes safe, sustainable and accessible mobility for all road users across the world.