Corpay, a global provider of cross-border payment and currency risk management solutions, and Mastercard, a leading global payments technology company, have announced an expansion of their long-standing partnership.
The new initiative will allow corporates, small businesses and financial institutions to make near real-time payments across 22 additional markets in Asia, Europe, the Middle East, Africa and Latin America.
The partnership expansion is designed to address surging global demand for faster, more efficient and more transparent cross-border payments.
With the value of international transactions expected to exceed $250tn by 2027, the collaboration aims to give businesses and financial institutions greater access to seamless, secure and reliable money movement.
Corpay provides businesses with solutions that help manage international payments and currency exposure. Its services are widely used by corporates and financial institutions seeking to improve efficiency in cross-border transactions. Mastercard, through its Mastercard Move money movement portfolio, enables secure, fast and transparent payment flows across more than 200 countries and territories in over 150 currencies, reaching more than 95% of the world’s banked population.
This latest announcement builds on the companies’ strategic agreement from April 2025, which designated Corpay as the exclusive provider of large-ticket cross-border payment solutions and currency risk management services for Mastercard’s financial institution clients. The agreement also extended access to Mastercard Move’s disbursement and remittance services to Corpay’s small and medium-sized business clients.
Mastercard Move enables enhanced money transfer offerings, providing end users with trackable payments, transparent fee structures, estimated delivery times, and the choice of payouts to bank accounts, mobile wallets, cards or cash. This portfolio allows financial institutions to maximise revenues while improving the customer experience.
“At Mastercard, we’re committed to empowering people and businesses to thrive in an increasingly connected world,” Mastercard global head of transfer solutions Pratik Khowala said. “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.”
“Through our expanded collaboration with Mastercard, we are advancing the future of cross-border payments—bringing businesses greater efficiency, affordability, and real-time capabilities,” Corpay group president of cross-border solutions Mark Frey said. “We remain committed to providing businesses and financial institutions with innovative solutions that deliver the speed, reliability, and scale they need to succeed globally.”
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