Mastercard completed the investment in the cross-border business of Corpay for $300m.

Mastercard, a multinational payment card services corporation, completed the investment in the cross-border business of Corpay, a corporate payments company, for $300m. “We’re thrilled to close this minority investment, establish a new cross-border partnership targeting FIs, and extend our longstanding card issuing relationship with Mastercard. Along with our acquisitions of Paymerang, GPS and Alpha over the past 18 months, plus our minority investment in AvidXchange, our Corporate Payments 2026 revenue is expected to surpass $2 billion, and represent over 40% of the company’s total revenues next year,” Ron Clarke, Corpay Chairman and CEO.