May 20, 2025Cross-Border
Mastercard and Corpay Cross-Border Payments
Mastercard has made a $300-million investment in the cross-border business unit of Corpay, a corporate payments company whose shares trade on the New York Stock Exchange.
The companies are already partners for Mastercard branded purchasing, fleet and prepaid commercial cards issued in the US. Collectively, those cards generate more than $50 billion annually in purchase volume.