Corpay and Mastercard Expand Near Real-Time Payments to 22 New Markets

In a significant development in the financial technology sector, Corpay Inc. and Mastercard have announced an expansion of their long-standing partnership to facilitate near real-time payments to 22 new markets across Asia, Europe, the Middle East, Africa, and Latin America. This milestone was unveiled on September 29, 2025, during the annual Sibos conference in Frankfurt, marking yet another chapter in over a decade of collaboration between the two companies.

The expansion leverages Mastercard Move’s robust money movement capabilities and extensive network to provide faster, more secure, and transparent cross-border payment solutions. With global cross-border payments projected to surpass $250 trillion by 2027, driven by international trade, disbursements, and person-to-person remittances, this move positions both companies to meet the growing demand for quick and efficient transactions.

Pratik Khowala, Global Head of Transfer Solutions at Mastercard, emphasized the importance of this collaboration in empowering businesses and financial institutions. “At Mastercard, we’re committed to empowering people and businesses to thrive in an increasingly connected world. 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,” Khowala stated. He further noted that this initiative facilitates international scaling for companies of all sizes, unlocking new growth opportunities with unmatched speed, reach, and reliability.

Mark Frey, Group President of Corpay Cross-Border Solutions, echoed this sentiment, highlighting the advancements in cross-border payments. “Through our expanded collaboration with Mastercard, we are advancing the future of cross-border payments—bringing businesses greater efficiency, affordability, and real-time capabilities," Frey remarked. He reaffirmed Corpay's commitment to delivering innovative solutions that ensure speed, reliability, and scalability for businesses and financial institutions globally.

This announcement builds on the strategic partnership established in April 2025, which designated Corpay as the exclusive provider of large-ticket cross-border payment solutions and currency risk management services for Mastercard’s financial institution clients. This agreement also extended access to Mastercard Move’s disbursement and remittance services for Corpay’s small and mid-sized business clients, creating a comprehensive ecosystem for financial transactions.

Mastercard Move, part of Mastercard’s money movement portfolio, boasts a reach to over 200 countries and territories and supports more than 150 currencies. This extensive network allows customers to enhance their money transfer offerings and maximize revenue potential by providing end-users with transparency and choice. Features include trackable payments, visibility of fees, estimated delivery times, and options for receiving payouts to bank accounts, digital and mobile wallets, as well as cards and cash.

The partnership between Corpay and Mastercard signifies a transformative step in the evolution of global payment solutions. By extending their capabilities to new markets, the two companies are poised to meet the increasing demand for efficient, real-time payment solutions in an interconnected world. As businesses continue to navigate the complexities of international transactions, this collaboration promises to deliver a competitive edge, ensuring that organizations can thrive in the ever-evolving financial landscape.