Corpay, Mastercard expand payment services to new markets

Corpay and Mastercard have further expanded their partnership, enabling near real-time payments to 22 additional markets across Asia, Europe, the Middle East, Africa, and Latin America.

The development was disclosed at the Sibos conference in Frankfurt, Germany. The partnership leverages Mastercard Move's network to provide faster cross-border payments.

Corpay Group Cross-Border Solutions group president 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.”

Corpay and Mastercard established their strategic partnership in April 2025, following which the former became the exclusive provider of large-ticket cross-border payment solutions and currency risk management services for Mastercard’s financial institution clients.

The partnership also involved Mastercard’s investment of $300m for a nearly 3% equity stake in Corpay’s cross-border business, valuing the unit at $10.7bn.

Additionally, Corpay will offer Mastercard virtual card programmes to its clients.

The expanded agreement is said to extend access to Mastercard Move’s services for Corpay’s small and mid-sized business clients.

Mastercard Move covers over 200 countries and territories and supports more than 150 currencies.

It offers customers enhanced money transfer capabilities with features such as trackable payments, visibility of fees, and estimated delivery times.

The enhanced partnership aims to provide businesses and financial institutions with the tools to conduct efficient and secure transactions, meeting the growing demand for swift cross-border payments.

Mastercard Transfer Solutions global head 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, optimise 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, Mastercard expand payment services to new markets" was originally created and published by Electronic Payments International, a GlobalData owned brand.

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