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Corpay, a provider of corporate payment solutions, announced
that its Cross-Border business has signed a multi-year agreement to continue as
the Official Foreign Exchange Payments Supplier for SailGP.

Corpay has an active presence in sports sponsorship. It
recently became New
Zealand Football’s FX partner, offering currency risk management and
international payment solutions. The firm also renewed its
multi-year partnership with West Ham United, continuing as the Club’s
Official FX and International Payments Partner

Corpay Extends FX Support for SailGP

Since 2019, Corpay Cross-Border has provided a range of
corporate FX payment solutions to SailGP. Under the new agreement, the league
and its corporate partners will continue to use Corpay’s global payments
platform and currency risk management services.

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“Our team looks forward to continuing to support SailGP with
all their FX payments needs as the league expands its presence and impact
across the globe,” said Brad Loder, Chief Marketing Officer, Corpay
Cross-Border Solutions.

Sports Organizations Partner with Fintechs for FX
Solutions

Different fintech providers have increasingly partnered with
sports organizations to offer FX and international payment
solutions.

Neo, for example, signed
a five-year agreement with Club Brugge in Belgium, serving as the club’s
official FX and multi-currency partner. Revolut
has entered women’s football, partnering with Manchester City Women to
provide financial services alongside branding opportunities.

Other fintech companies have engaged with sports entities as
well. Ebury, a cross-border payments provider, maintains
a partnership with Southampton FC, supporting the club’s financial
operations despite its recent Premier League relegation.

Airwallex and XTrend are further examples. Airwallex
sponsors Arsenal FC as its official finance software partner, while XTrend
extends its role as the Argentine Football Association’s fintech partner,
helping manage international transactions and FX exposure.

This article was written by Tareq Sikder at www.financemagnates.com.

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