Mastercard to invest in the cross-border business of Corpay for $300m.

Mastercard, a multinational payment card services corporation, agreed to invest in the cross-border business of Corpay, a corporate payments company, for $300m. “This represents the natural extension of our commercial cross-border solutions. 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,” Raj Seshadri, Mastercard Chief Commercial Payments officer.