Corpay and Mastercard expand real-time payments reach

September 29, 2025

Corpay and Mastercard have announced an expansion of their long-standing partnership to boost access to near real-time cross-border payments.

The move will allow corporates, small businesses and financial institutions to send money to 22 additional markets spanning Asia, Europe, the Middle East, Africa and Latin America.

This expansion builds on more than a decade of collaboration between the two firms and leverages Mastercard Move, the company’s money movement network. The initiative aims to provide faster, more secure and transparent payment options to meet rising demand for cross-border transactions.

The announcement comes as global cross-border payments are projected to exceed $250tn by 2027, fuelled by trade, corporate disbursements and remittances.

Mastercard global head of transfer solutions Pratik Khowala said, “At Mastercard, we’re committed to empowering people and businesses to thrive in an increasingly connected world.

“By expanding our strategic collaboration with Corpay, we’re enabling financial institutions to seamlessly access new markets, optimize their cross-border payment operations, and deliver a superior experience to their customers. At the same time, we’re helping companies of all sizes scale internationally, unlocking new growth opportunities with unmatched speed, reach, and reliability.”

Corpay group president of cross-border solutions Mark Frey said, “Through our expanded collaboration with Mastercard, we are advancing the future of cross-border payments—bringing businesses greater efficiency, affordability, and real-time capabilities. We remain committed to providing businesses and financial institutions with innovative solutions that deliver the speed, reliability, and scale they need to succeed globally.”

The latest development builds on the companies’ April 2025 strategic agreement, which made Corpay the exclusive provider of large-ticket cross-border payments and currency risk management services for Mastercard’s financial institution clients. That deal also broadened access to Mastercard Move’s disbursement and remittance capabilities for small and mid-sized businesses using Corpay services.

Mastercard Move covers more than 200 countries and territories and supports over 150 currencies, with reach to more than 95% of the world’s banked population.