Corpay Cross-Border Named the Official FX Partner of Manchester City
Corpay Cross-Border, a division of Corpay, Inc. (NYSE: CPAY), has been named the Official Foreign Exchange (FX) Partner of Manchester City, the current Premier League title holder. The partnership also includes becoming an Official Partner of Manchester City Women. This collaboration will provide Manchester City access to Corpay Cross-Border's innovative solutions for mitigating foreign exchange exposure and managing global payments from a single platform.
Brad Loder, Chief Marketing Officer of Corpay Cross-Border Solutions, expressed excitement about the partnership and its alignment with Corpay's focus on global brand growth and corporate payments solutions. Kaitlyn Beale, VP of City Football Group Global Partnership Sales, welcomed Corpay as a market leader that will enhance the club's services and support its global expansion.
Corpay Cross-Border, una divisione di Corpay, Inc. (NYSE: CPAY), è stata nominata Partner Ufficiale per il Cambio Valutario (FX) del Manchester City, attuale detentore del titolo di Premier League. La partnership include anche il riconoscimento come Partner Ufficiale del Manchester City Women. Questa collaborazione offrirà al Manchester City accesso alle soluzioni innovative di Corpay Cross-Border per mitigare l'esposizione al cambio valutario e gestire pagamenti globali da un'unica piattaforma.
Brad Loder, Chief Marketing Officer di Corpay Cross-Border Solutions, ha espresso entusiasmo per la partnership e il suo allineamento con l'obiettivo di Corpay di crescere a livello globale e offrire soluzioni per i pagamenti aziendali. Kaitlyn Beale, VP delle Vendite di Partnership Globale del City Football Group, ha accolto Corpay come leader di mercato che potenzierà i servizi del club e supporterà la sua espansione globale.
Corpay Cross-Border, una división de Corpay, Inc. (NYSE: CPAY), ha sido nombrado Socio Oficial de Cambio de Divisas (FX) del Manchester City, actual campeón de la Premier League. La asociación también incluye convertirse en Socio Oficial del Manchester City Women. Esta colaboración proporcionará al Manchester City acceso a las soluciones innovadoras de Corpay Cross-Border para mitigar la exposición al cambio de divisas y gestionar pagos globales desde una única plataforma.
Brad Loder, Director de Marketing de Corpay Cross-Border Solutions, expresó su entusiasmo por la asociación y su alineación con el enfoque de Corpay en el crecimiento de la marca a nivel global y las soluciones de pagos corporativos. Kaitlyn Beale, VP de Ventas de Asociaciones Globales del City Football Group, dio la bienvenida a Corpay como un líder del mercado que mejorará los servicios del club y apoyará su expansión global.
Corpay Cross-Border는 Corpay, Inc. (NYSE: CPAY)의 부서로, 현재 프리미어 리그 챔피언인 맨체스터 시티의 공식 외환(FX) 파트너로 선정되었습니다. 이 파트너십은 맨체스터 시티 여자팀의 공식 파트너가 되는 것도 포함됩니다. 이 협력은 맨체스터 시티에 Corpay Cross-Border의 혁신적인 솔루션에 대한 접근권을 제공하여 외환 노출을 완화하고 단일 플랫폼에서 글로벌 결제를 관리할 수 있도록 할 것입니다.
Corpay Cross-Border Solutions의 최고 마케팅 책임자인 브래드 로더는 파트너십에 대한 흥분과 Corpay의 글로벌 브랜드 성장 및 기업 결제 솔루션에 대한 초점과의 일치에 대해 이야기했습니다. 시티 풋볼 그룹의 글로벌 파트너십 판매 부사장인 케이틀린 빌은 Corpay를 클럽의 서비스를 강화하고 글로벌 확장을 지원할 시장 선도자로 환영했습니다.
Corpay Cross-Border, une division de Corpay, Inc. (NYSE: CPAY), a été désigné comme Partenaire Officiel en Échanges de Devises (FX) de Manchester City, l'actuel champion de la Premier League. Le partenariat inclut également le statut de Partenaire Officiel de Manchester City Women. Cette collaboration permettra à Manchester City d'accéder aux solutions innovantes de Corpay Cross-Border pour atténuer l'exposition aux changes et gérer les paiements mondiaux depuis une seule plateforme.
Brad Loder, directeur marketing de Corpay Cross-Border Solutions, a exprimé son enthousiasme pour ce partenariat et son alignement avec l'objectif de Corpay de croître à l'international et de fournir des solutions de paiement d'entreprise. Kaitlyn Beale, VP des ventes de partenariats mondiaux du City Football Group, a accueilli Corpay comme un leader du marché qui améliorera les services du club et soutiendra son expansion mondiale.
Corpay Cross-Border, eine Abteilung von Corpay, Inc. (NYSE: CPAY), wurde als offizieller Partner für Devisen (FX) des Manchester City, des aktuellen Titelhalters der Premier League, benannt. Die Partnerschaft umfasst auch die Rolle als offizieller Partner der Manchester City Women. Diese Zusammenarbeit wird Manchester City Zugang zu den innovativen Lösungen von Corpay Cross-Border bieten, um Devisenrisiken zu mindern und globale Zahlungen von einer einzigen Plattform aus zu verwalten.
Brad Loder, Chief Marketing Officer von Corpay Cross-Border Solutions, äußerte Begeisterung über die Partnerschaft und deren Ausrichtung auf Corpays Fokus auf globales Markenwachstum und Unternehmenszahlungslösungen. Kaitlyn Beale, VP für globale Partnerschaftsverkäufe der City Football Group, begrüßte Corpay als einen führenden Anbieter, der die Dienstleistungen des Vereins verbessert und seine globale Expansion unterstützt.
- Partnership with Premier League title holder Manchester City enhances Corpay's brand visibility
- Opportunity to provide FX risk management and global payment solutions to a major football club
- Potential for increased business growth through association with Manchester City's global presence
- None.
Insights
The partnership between Corpay Cross-Border and Manchester City represents a strategic move in the fintech sector. While the financial terms aren't disclosed, this deal likely provides Corpay with significant brand exposure in the lucrative Premier League market. For Corpay (NYSE: CPAY), this could potentially boost their client base and revenue streams in the long term.
From Manchester City's perspective, access to Corpay's FX solutions could lead to cost savings and improved financial efficiency in their international operations. However, the immediate financial impact on either party is likely minimal. Investors should monitor for any future disclosures on how this partnership affects Corpay's financial performance, particularly in terms of client acquisition and transaction volumes.
This partnership aligns with the growing trend of fintech companies entering sports sponsorships. For Manchester City, it's a smart move to diversify their partnership portfolio beyond traditional sectors. The inclusion of the women's team in the deal is noteworthy, reflecting the increasing commercial value of women's football.
The partnership could provide Manchester City with advanced tools for managing their global financial operations, which is important given their international player transfers and global fan merchandise sales. For Corpay, associating with a top-tier football club offers massive brand visibility and credibility in the B2B sector. However, the true success of this partnership will depend on how effectively both parties leverage this relationship beyond mere logo placement.
This partnership signals Corpay's aggressive push into the sports industry, a sector with significant cross-border transaction needs. It's a calculated move to differentiate from competitors in the crowded fintech space. The deal's timing, coinciding with Manchester City's recent success, could maximize brand exposure for Corpay.
However, the true ROI of sports partnerships can be challenging to quantify. Investors should look for metrics such as new client acquisition rates and changes in transaction volumes in Corpay's future reports to gauge the partnership's effectiveness. While the immediate financial impact may be , the long-term potential for market penetration and brand recognition could be substantial if Corpay leverages this partnership effectively across their global marketing strategies.
Providing access to currency risk management and cross-border payments solutions
Through this partnership, Manchester City will be able to gain access to and utilise Corpay Cross Border’s innovative solutions to help mitigate foreign exchange exposure from their day-to-day business needs. Additionally, Corpay Cross-Border’s award-winning platform will enable them to manage their global payments from a single point of access.
"The Corpay Cross-Border team is elated to be named the Official FX Partner of Manchester City, as well as an Official Partner of the Manchester City Women’s team," said Brad Loder, Chief Marketing Officer, Corpay Cross-Border Solutions. “With our strong focus on growing the Corpay brand, as well as our corporate payments and currency risk management business globally, we are excited to partner with one of the Premier League’s most successful football clubs, and wish them luck in the upcoming season as they seek to secure their 9th Premier League title.”
“As we continue to grow as a club globally, we do so with a commitment to innovate and improve as a business across our various services. As such, we are pleased to welcome Corpay, a market leader in corporate payments that will enhance our services and support our global growth,” said Kaitlyn Beale VP, City Football Group Global Partnership Sales.
About Corpay
Corpay, Inc. (NYSE: CPAY) is a global S&P500 corporate payments company that helps businesses and consumers pay expenses in a simple, controlled manner. Corpay’s suite of modern payment solutions help its customers better manage vehicle-related expenses (such as fueling and parking), travel expenses (e.g. hotel bookings) and payables (e.g. paying vendors). This results in our customers saving time and ultimately spending less. Corpay Cross-Border refers to a group of legal entities owned and operated by Corpay, Inc.
Corpay – Payments made easy. To learn more visit www.corpay.com.
About Manchester City Football Club
Manchester City FC was initially founded in 1880 as St Mark’s West Gorton and officially became Manchester City FC in 1894. Situated on the wider Etihad Campus, the Club’s footprint includes the 53,500 capacity Etihad Stadium, the 7,000 capacity Joie Stadium and City Football Academy, a state-of-the-art performance, training and youth development facility home to the Club’s men’s, women’s and academy teams.
Ranked as the Most Valuable Football Club Brand in the Premier League by Brand Finance, Manchester City FC is currently developing a best-in-class fan experience and year-round entertainment and leisure destination at the Etihad Campus. The Club is committed to operating in a sustainable and socially responsible manner and ensures that equality, diversity and inclusion is embedded into its decision-making processes, culture and practices.
For more information, please visit www.mancity.com.
*“Corpay” in this document primarily refers to the Cross-Border Division of Corpay, Inc. https://www.corpay.com/cross-border; a full listing of the companies that are part of Corpay Cross-Border is available here: https://www.corpay.com/compliance.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240822619165/en/
Corpay Contact:
Brad Loder
Chief Marketing Officer
Corpay Cross-Border Solutions
+1 (647) 627-6635
brad.loder@corpay.com
Source: Corpay, Inc.
FAQ
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