Corpay Cross-Border Announced as World Triathlon’s Official Foreign Exchange Payments Supplier

Rhea-AI Summary

Corpay1, a FLEETCOR brand, has partnered with World Triathlon to become their Official Foreign Exchange (FX) Payments Supplier. Corpay Cross-Border will provide innovative solutions to help mitigate foreign exchange exposure for World Triathlon and its ecosystem. They will also offer a platform for eligible companies to manage global payments. This partnership will diversify World Triathlon's exposure and range of business partners.

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• Corpay1 has become the Official FX Payments Supplier for World Triathlon, which will increase their brand recognition and business across the globe. This partnership will provide innovative solutions to mitigate foreign exchange exposure for World Triathlon and its ecosystem. Corpay's platform will enable eligible companies to manage global payments efficiently.

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Providing access to cross-border payments and currency risk management solutions

TORONTO--(BUSINESS WIRE)-- Corpay¹, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, is pleased to announce that Corpay’s Cross-Border business has entered into an agreement with World Triathlon, the worldwide governing body of international triathlon and its related multi-sports to become their Official Foreign Exchange (FX) Payments Supplier. As part of this partnership, Corpay Cross-Border has also been named an Official World Triathlon Supplier and Official Event Supplier.

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Through this alliance, World Triathlon, along with the broader World Triathlon ecosystem of National Federations, corporate business partners and sponsors* will be able to gain access to and utilise Corpay’s innovative solutions to help mitigate their foreign exchange exposure. Additionally, Corpay Cross-Border’s award-winning platform will enable eligible companies to manage their global payments from a single point of access.

"The team at Corpay Cross-Border is very honoured to be named the Official FX Payments Supplier for World Triathlon" said Brad Loder, Vice President, Cross-Border Marketing, Corpay Cross-Border Solutions. "As we continue to grow the Corpay brand and business across the globe, we are excited by the opportunity to align with a globally recognized and respected organization such as World Triathlon. I am confident that World Triathlon and their broad network of National Federations and business partners will benefit from access to our comprehensive cross-border payments and FX risk management solutions, along with our experience gained within the world of sports.”

“We are thrilled to announce this new partnership with Corpay Cross-Border as part of our efforts to diversify our exposure and range of business partners,” said World Triathlon Head of Marketing & Commercial, Kris Gemmell. “World Triathlon continues to offer more prize money at more events across more territories than ever before, and having Corpay as a partner at the heart of that side of the organisation will make those payments more effective and efficient, both literally and financially.”

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.

¹“Corpay” (a Fleetcor (NYSE: FLT) brand) in this document primarily refers to the Cross-Border Division of Corpay https://payments.corpay.com/cross-border; a full listing of the companies that are part of the Corpay brand is available here: https://payments.corpay.com/compliance.

* Subject to credit and compliance approval from the relevant Corpay company.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230511005073/en/

Corpay:

Brad Loder

VP, Cross-Border Marketing

+1 (647) 627-6635

brad.loder@corpay.com

Source: Corpay

What is the partnership between Corpay1 and World Triathlon?

Corpay1 has become the Official Foreign Exchange (FX) Payments Supplier for World Triathlon. They will provide innovative solutions to mitigate foreign exchange exposure for World Triathlon and its ecosystem.

What benefits will World Triathlon and their partners gain from this partnership?

World Triathlon and their partners will benefit from access to Corpay's comprehensive cross-border payments and FX risk management solutions. They will also be able to manage global payments from a single point of access.

How will this partnership diversify World Triathlon's exposure and range of business partners?

This partnership with Corpay1 will help World Triathlon diversify their exposure and range of business partners by providing innovative solutions and efficient global payment management.