Corpay and Mastercard are expanding their long-standing partnership to offer near real-time payments to 22 new markets across Asia, Europe, the Middle East, Africa, and Latin America.
This announcement was made at the annual Sibos conference in Frankfurt. The collaboration promotes Mastercard Move's extensive network to provide faster, more secure, and transparent cross-border payments for corporates, small businesses, and financial institutions.
With global cross-border payments expected to exceed USD 250 trillion by 2027, bolstered by international trade, disbursements, as well as person-to-person remittances, the expanded reach enables businesses and financial institutions to meet the growing demand for fast and efficient transactions.
According to Coherent Market Insights, the B2B Payments Transaction Market is projected to grow at a CAGR of 9.9% during 2025 to 2032. Currently, the market is at USD 1,732.85 Billion in 2025 and is expected to be around USD 3,357.55 Billion by 2032. The growing digitization of B2B commerce and increasing adoption of digital payment methods are driving the transaction value in this marketplace.
“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, 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,” 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.”
Mastercard Move is Mastercard’s global money movement platform, reaching over 200 countries and territories, supporting more than 150 currencies, and connecting to over 95% of the world’s banked population. It offers businesses and financial institutions the ability to send funds quickly and securely to bank accounts, mobile wallets, cards, or cash pickup locations.
This strategic announcement builds on the partnership established in April 2025, which made Corpay the exclusive provider of large-ticket cross-border payment solutions and currency risk management services for Mastercard’s financial institution clients. That agreement also expanded access to Mastercard Move’s disbursement and remittance services for Corpay’s small and mid-sized business clients.
Source:
Press Release: Corpay
Company: Corpay
