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BUSINESS

Corpay Cross-Border is FINA's Official Foreign Exchange Payments Supplier

23/06/2022 04:41 PM

KUALA LUMPUR, June 23 (Bernama) -- The Fédération Internationale de Natation (FINA) and Corpay, a FLEETCOR® brand and global leader in business payments, have announced a multi-year collaboration that will see Corpay Cross-Border group provide their foreign exchange (FX) solutions to FINA.

This new deal was announced on the occasion of the 19th FINA World Championships Budapest 2022, which is playing host to the leading aquatics athletes from across the globe.

FINA and the wider FINA Family will gain access to Corpay’s innovative foreign exchange solutions to help manage currency exposure for international payments.

In addition, Corpay Cross-Border’s award-winning trading platform will enable FINA to manage global foreign exchange payments from one single point of access.

As the global governing body of six aquatic disciplines – Swimming, Water Polo, Diving, High Diving, Artistic Swimming and Open Water Swimming – FINA’s collaboration with Corpay Cross-Border will create valuable opportunities for the global aquatic’s community, event hosts and FINA partners providing international payments and foreign exchange solutions and capabilities.

In a statement, Corpay Cross-Border President, Mark Frey said: “Corpay Cross-Border is very honoured to join the FINA family as their Official FX Payments Supplier. I am confident that FINA and the broader FINA Family will benefit from access to our comprehensive cross-border payments and FX risk management solutions, along with our payments experience gained within the world of sports.”

Expressing confidence in the Corpay partnership, FINA President Captain Husain Al-Musallam said: “With more than 70 international events annually, this collaboration is certain to help drive financial efficiencies with the multiple foreign currency transactions we undertake with our event hosts, member federations and partners on an annual basis.”

Corpay is a global leader in business payments, helping companies of all sizes better track, manage and pay their expenses.

For more information, visit www.corpay.com.

-- BERNAMA


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