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 (CPAY) and Mastercard have expanded their strategic partnership to enable near real-time payments across 22 new markets spanning Asia, Europe, the Middle East, Africa, and Latin America. The expansion, announced at the Sibos conference in Frankfurt, enhances cross-border payment capabilities for corporates, small businesses, and financial institutions.
This collaboration leverages Mastercard Move's network, which reaches over 200 countries and territories and supports 150+ currencies, accessing more than 95% of the world's banked population. The partnership builds on their April 2025 agreement where Corpay became the exclusive provider of large-ticket cross-border payments for Mastercard's financial institution clients.
Corpay (NYSE:CPAY) has signed a multi-year partnership agreement with the International Tennis Federation (ITF) to become the Official Foreign Exchange Partner for both the ITF and Davis Cup. Through this strategic partnership, the ITF will leverage Corpay Cross-Border's solutions to manage foreign exchange exposure and utilize their award-winning platform for global payment management.
The collaboration aims to provide the ITF, its member associations, and commercial partners with access to Corpay's comprehensive cross-border payments and currency risk management solutions. The partnership will be actively promoted at Davis Cup events from 2025 onwards.
Corpay (NYSE:CPAY) has announced a strategic partnership between its Cross-Border business and SKsoft, integrating Corpay's payment technology into SKsoft's Microsoft Dynamics 365 ERP ecosystem. The collaboration enables SKsoft clients to process international payments in over 145 currencies across 200+ countries through a unified platform.
The partnership enhances SKsoft's embedded banking capabilities with Corpay's cross-border payment and treasury solutions, offering features such as expanded foreign exchange coverage, faster settlement, and currency exposure management. The integration is immediately available for Microsoft Dynamics 365 Finance and Supply Chain Management clients, promising reduced costs and improved operational efficiency.
Corpay (NYSE:CPAY), a global leader in corporate payments, has announced a strategic partnership with New Zealand Football as their Official Foreign Exchange (FX) Partner. Through this collaboration, New Zealand Football will leverage Corpay Cross-Border's innovative solutions to manage foreign exchange exposure and global payments through a single platform.
The partnership comes at a significant time as New Zealand's national team, the All Whites, has qualified for the 2026 FIFA World Cup. The agreement aims to support New Zealand Football's international business operations and reflects the organization's growing global presence in the sport.
Corpay (NYSE:CPAY), a global leader in corporate payments, has announced its participation in two upcoming investor conferences. The company will attend the Deutsche Bank Technology Conference in Dana Point, CA on August 27, 2025, and the Jefferies Fintech Conference in New York, NY on September 3, 2025.
At the Jefferies conference, management will participate in a fireside chat starting at 8:40 AM ET. The presentation will be accessible to investors through Corpay's investor relations website at investor.corpay.com.
Corpay (NYSE:CPAY) reported strong Q2 2025 financial results, with revenue increasing 13% to $1.1 billion and net income rising 13% to $284.2 million. The company achieved 11% organic revenue growth, with its Corporate Payments segment growing 18%.
Key financial metrics include adjusted EBITDA growth of 12% to $620.6 million and adjusted EPS growth of 13% to $5.13. Corpay raised its FY2025 guidance, projecting total revenues between $4.4-4.5 billion and adjusted net income per share between $20.86-$21.26.
The company announced plans to acquire Alpha Group and highlighted new stablecoin partnerships, positioning itself in the digital currency market through its cross-border business capabilities.
Corpay (NYSE:CPAY) has announced a strategic collaboration with Circle Internet Group to integrate USDC stablecoin capabilities across its global payment infrastructure. The partnership will enable 24/7 settlement and programmable payments through Corpay's cross-border and commercial card networks.
Key features include integrated USDC access through Circle Mint APIs, Corpay-branded digital wallets powered by Circle, stablecoin-enabled FX transactions across 80+ countries, and commercial cards with direct USDC balance support. The collaboration aims to enhance transaction speed, liquidity, and programmability while maintaining enterprise-grade compliance standards.
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.