Welcome to our dedicated page for CORPAY news (Ticker: CPAY), a resource for investors and traders seeking the latest updates and insights on CORPAY stock.
Corpay, Inc. provides corporate payments services for businesses through commercial cards, AP modernization, cross-border payments, vehicle payment solutions and lodging payment services. News about the company commonly covers financial results, guidance updates, investor presentations and developments across its Corporate Payments, Vehicle Payments and Lodging Payments businesses.
Company updates also focus on Corpay Complete, spend management automation, virtual cards, fleet cards, invoice and payment automation, foreign exchange services and global bank accounts. Recent operating themes include multi-rail cross-border settlement, stablecoin and blockchain-based payment capabilities, embedded finance workflows, customer and sports-related FX partnerships, and research on payment automation and expense-management practices.
Corpay (NYSE:CPAY), a global corporate payments leader, has announced its Cross-Border business is now utilizing J.P. Morgan's Kinexys Digital Payments blockchain for client foreign exchange (FX) conversions. This integration enables near real-time settlements and extended trading hours for Corpay's global clients.
The technology has already demonstrated success through a UK-based client case study, where USD-to-GBP conversion was completed within minutes during after-market hours. The Kinexys platform has processed over $1.5 trillion in notional value, averaging $2 billion daily in transaction volume, with payments transactions growing 10x year-over-year.
Corpay (NYSE:CPAY), a global corporate payments leader, has announced a strategic partnership with Sunderland AFC as their Official Foreign Exchange (FX) Partner. The partnership comes as Sunderland prepares for their promotion to the Premier League for the 2025/26 season.
Through this collaboration, Sunderland will leverage Corpay Cross-Border's platform to manage global payments and mitigate foreign exchange exposure. The partnership extends beyond Sunderland AFC, forming part of a broader engagement with Bia Sports Group to explore mutual opportunities across their portfolio of companies.
Corpay (NYSE:CPAY) has announced the divestiture of a legacy private label fuel card portfolio as part of its strategic portfolio optimization. The company expects to receive $60 million in proceeds and free up $35 million in working capital from the transaction.
The total $100 million in capital will be redeployed towards the acquisition of Alpha Group International plc. According to CEO Ron Clarke, this move aligns with Corpay's strategy to focus on higher-growth Corporate Payments assets. The transaction is set to close in Q4 2025 with minimal impact on earnings.
Corpay (NYSE:CPAY) has announced a strategic acquisition of Alpha Group International plc (LSE:ALPH) in a deal valued at approximately $2.2 billion. Alpha Group is a leading B2B cross-border FX solutions provider in the UK and Europe, managing $3 billion in deposits across 7,000 client accounts.
The acquisition, expected to close in Q4 2025, offers Alpha shareholders £42.50 per share, representing a 55% premium to Alpha's undisturbed closing price. The transaction will be funded through a combination of cash, debt, bank capital optimization, and non-core divestitures. The deal is anticipated to be EPS accretive in 2026.
This strategic move expands Corpay's Cross Border segment to four customer segments: corporates, financial institutions, investment funds, and digital currency providers. The company has reaffirmed its Q2 2025 guidance.
Corpay Lodging (CPAY) has launched a completely redesigned mobile app for workforce travel management, marking its biggest mobile upgrade to date. The new app, available for free on iOS and Android, features a modernized interface, expanded hotel network across the U.S. and Canada, and enhanced functionality for managing workforce accommodations.
The app includes notable features such as streamlined booking process, enhanced hotel listings with visual and map-based search, smart filters including truck parking options, integrated loyalty programs, and comprehensive reservation management. The platform serves various industries including construction, transportation, energy, and government, managing over 20 million room nights annually.
Corpay (NYSE:CPAY), a global corporate payments leader, has been named the Official Foreign Exchange (FX) Partner of the FIM World Supercross Championship. Through this strategic partnership, World Supercross will leverage Corpay Cross-Border's solutions to manage foreign exchange exposure and global payments through a single platform.
The partnership extends beyond World Supercross, as Corpay and Bia Sports Group will explore additional opportunities across Bia's expanding sports portfolio. This collaboration aims to bring efficiency to international payment operations for the global supercross racing series.
Corpay (NYSE: CPAY), a global leader in corporate payments, has scheduled its second quarter 2025 earnings conference call for Wednesday, August 6, 2025, at 5:30 pm ET. The company will release its Q2 2025 financial results after market close on the same day.
The earnings call will be led by CEO Ron Clarke, CFO Peter Walker, and IR representative Jim Eglseder. Investors can access the call via webcast at investor.corpay.com or by phone. A replay will be available until August 13, 2025.
TA Connections, a Corpay (NYSE:CPAY) company, has announced a strategic partnership with DHL Air (UK) Limited to implement TA Crew Hub, a comprehensive crew logistics management solution. The platform will streamline DHL's crew lodging and ground transportation operations, offering real-time visibility and automated processes.
The implementation aims to reduce workload on DHL's operations center, integrate with existing crew management systems, and enhance efficiency in crew logistics. The TA Crew Hub platform provides automated billing, auditing tools, and helps maintain global compliance standards while ensuring crew well-being.
Corpay (NYSE:CPAY) has launched Corpay Complete in the UK, an all-in-one finance platform that unifies accounts payable, FX, expenses, and payments processing. The platform, already successful in the US, has been specifically adapted for UK businesses.
The launch addresses critical market needs, as 63% of UK CFOs prioritize cost control, while only 36% have real-time cash flow visibility. Corpay, which processes $320 billion in payments annually and serves 800,000+ corporate clients worldwide, offers potential cashback of up to 1% on eligible payments through the platform.
The solution enables payments to 200+ countries in 145 currencies, with the company trading over $320 billion in foreign exchange annually.