To facilitate near real-time payments to 22 new markets in Asia, Europe, the Middle East, Africa, and Latin America, Corpay and Mastercard announced an extension of their decades-old partnership.
The two businesses have been working together for more than ten years, and this milestone, which was announced in Frankfurt at the annual Sibos conference, allows for faster, more secure, and transparent cross-border payments by utilising Mastercard Move’s money movement capabilities and vast network.
Benefits for businesses
With international trade, disbursements, and person-to-person remittances expected to drive global cross-border payments to over $250 trillion by 2027, the expanded reach enables financial institutions and businesses to meet the increasing demand for quick and easy transactions.
“At Mastercard, we’re committed to empowering people and businesses to thrive in an increasingly connected world,” said Pratik Khowala, global head of Transfer Solutions, Mastercard. “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.”
“Through our expanded collaboration with Mastercard, we are advancing the future of cross-border payments—bringing businesses greater efficiency, affordability, and real-time capabilities,” said Mark Frey, group president, Corpay Cross-Border Solutions.
“We remain committed to providing businesses and financial institutions with innovative solutions that deliver the speed, reliability, and scale they need to succeed globally.”
Expanded partnership to enhance cross-border payments across Mastercard’s financial institution customers
This announcement expands upon the strategic alliance formed in April 2025, which made Corpay the sole supplier of currency risk management services and high-value cross-border payment solutions to Mastercard’s financial institution customers.
Additionally, that agreement gave Corpay’s small and mid-sized business clients more access to Mastercard Move’s remittance and disbursement services.
Over 95 per cent of the world’s banked population can access Mastercard Move, the company’s money movement portfolio, which spans over 200 countries and territories and over 150 currencies. By providing end users with transparency and choice—specifically, trackable payments, fee visibility, estimated delivery times, and the option to receive payouts to bank accounts, digital and mobile wallets, cards, and cash—the portfolio helps clients improve their money transfer offerings and optimise revenue.