Mastercard is making a bold move to expand its footprint in B2B payments, investing $300 million for a three percent stake in the cross-border business of corporate payments provider Corpay. The strategic equity investment marks the deepening of a long-standing partnership, as the two firms aim to simplify and scale international payment solutions for businesses worldwide.
As part of the agreement, Corpay becomes Mastercard’s exclusive partner for delivering cross-border commercial payments to its financial institution customers. This includes both carded and non-carded solutions, supporting a wide spectrum of transaction sizes—from small-scale vendor payouts to high-value international transfers.
Beyond payments, Corpay will also provide currency risk management services and manage large-ticket international payment processing for Mastercard’s clients. In a significant extension of their existing relationship, Corpay will now exclusively offer Mastercard virtual card programs to its customer base, cementing the firms’ collaboration in the fast-growing digital payments arena.
Raj Seshadri, Chief Commercial Payments Officer at Mastercard, noted the strategic importance of the deal: “Our work with Corpay expands our reach into the large and growing cross-border B2B payments space, helping our financial institution partners deliver on the non-carded needs of their commercial customers, simply and efficiently.”
This move aligns with Mastercard’s broader ambitions to consolidate its leadership in global payments infrastructure, as demand for fast, secure, and cost-efficient B2B cross-border transactions continues to surge.