Mastercard Invests $300 Million in Corpay's Cross-Border Payments

Mastercard is making a $300 million investment for a 3% minority stake in Corpay’s cross-border business, valuing the unit at $10.7 billion. This expanded partnership positions Corpay as the exclusive provider of large-ticket cross-border payments and currency risk management for Mastercard’s financial institution clients, while Mastercard becomes the exclusive provider of virtual card programs for Corpay customers. The deal aims to broaden access to comprehensive cross-border payment solutions for businesses of all sizes, enhancing Mastercard’s reach in the growing B2B payments space. Corpay’s platform enables mass payments in over 160 currencies, and Mastercard Move will be offered to more small and mid-sized businesses via Corpay’s network. Executives from both companies anticipate the collaboration will accelerate revenue growth and provide more robust services to their clients. Analyst forecasts reflect optimism for Mastercard’s financial prospects following this strategic alliance.