Corpay, Inc. is a global leader in business payments, supporting over 800,000 clients across a broad range of industries through an integrated suite of digital solutions. As a publicly traded company and one of North America’s top issuers of B2B Mastercard® products, it processes more than USD 1.5 trillion in payments annually. Its platform brings together accounts payable automation, cross-border capabilities, corporate card issuance, workforce travel, and fleet management—helping businesses gain tighter control over working capital, reduce risk, and streamline financial workflows.
Expanding control in cross-border payments
Corpay Cross-Border’s Multi-Currency Accounts (MCA) offering has become a cornerstone of its cross-border proposition. Introduced in 2024 and now supporting 25 currencies, the MCA allows clients to hold accounts in their own business names, offering greater transparency and control over international transactions.
This named-account functionality has strengthened trust—particularly in remote-first or digital business models—by enabling payments to be sent and received under the client’s own identity rather than a Corpay intermediary. Clients benefit from reduced lifting fees, improved cash flow, and faster local settlement via schemes such as SEPA and Faster Payments.
Available through Corpay’s online platform and API suite, the MCA streamlines reconciliation and reporting across currencies. Internally, it has also improved processing efficiency while bolstering Corpay’s value proposition for funds, institutions, and financial services providers seeking white-labelled FX solutions. Security protocols including multi-factor authentication, encryption, and tight compliance oversight underpin the system’s design.
In recognition of its scale, security and business impact, Corpay Cross-Border’s MCA was named Best Cross-Border Service Initiative at The Digital Banker’s Global Cards and Payments Innovation Awards 2025.
Bridging fintech agility with institutional reach
Corpay Cross-Border has distinguished itself in global payments by combining enterprise-grade infrastructure with a technology-led, adaptable approach. Since its launch in 2021, it has aimed to make international transactions as simple and intuitive as local ones—a goal reflected in its geographic and product expansion.
In 2024, Corpay opened new offices in Luxembourg, Malta, and New Zealand while scaling its data and client servicing hub in Chennai. The firm also expanded its institutional and enterprise sales capabilities to meet increasing demand across sectors.
Product development has continued in step with customer needs. A redesigned FX Risk Visualizer—piloted in Australia—was relaunched globally as a guided tool for SMEs. At the same time, the MCA offering was extended across markets, enhancing client ability to manage receivables and disbursements in multiple currencies.
Underpinning Corpay’s offering is an integrated infrastructure with built-in compliance tools, Swift connectivity, and strong authentication standards. This allows for fast deployment, secure processing, and resilience at scale.
For its contribution to simplifying and securing cross-border transactions, Corpay Cross-Border received the Best Payments Provider award at The Digital Banker’s Global Cards and Payments Innovations Awards 2025.
