Corpay Cross-Border Named the Official FX Payments Supplier of the FIG
Corpay Cross-Border (NYSE: CPAY) has been named the Official Foreign Exchange Payments Supplier for the Federation Internationale de Gymnastique (FIG), the world governing body for gymnastics recognized by the International Olympic Committee.
Through this partnership, FIG will utilize Corpay's solutions to mitigate foreign exchange exposure in their daily operations. The organization will have access to Corpay Cross-Border's award-winning platform to manage global payments from a single access point.
The agreement will benefit FIG's network of 165 national member federations and corporate business partners, providing them access to comprehensive cross-border payments and FX risk management solutions. FIG President Morinari Watanabe expressed enthusiasm about the collaboration, highlighting its potential to streamline the federation's numerous foreign currency transactions.
Corpay Cross-Border (NYSE: CPAY) è stato nominato Fornitore Ufficiale di Pagamenti in Valuta Estera per la Federazione Internazionale di Ginnastica (FIG), l'organo di governo mondiale della ginnastica riconosciuto dal Comitato Olimpico Internazionale.
Attraverso questa partnership, la FIG utilizzerà le soluzioni di Corpay per mitigare l'esposizione ai cambi valutari nelle proprie operazioni quotidiane. L'organizzazione avrà accesso alla piattaforma premiata di Corpay Cross-Border per gestire i pagamenti globali da un unico punto di accesso.
L'accordo sarà vantaggioso per la rete della FIG composta da 165 federazioni nazionali membri e partner aziendali, offrendo loro accesso a soluzioni complete per i pagamenti transfrontalieri e la gestione del rischio valutario. Il presidente della FIG, Morinari Watanabe, ha espresso entusiasmo per la collaborazione, sottolineando il suo potenziale per semplificare le numerose transazioni in valute estere della federazione.
Corpay Cross-Border (NYSE: CPAY) ha sido nombrado Proveedor Oficial de Pagos en Divisas Extranjeras para la Federación Internacional de Gimnasia (FIG), el organismo rector mundial de la gimnasia reconocido por el Comité Olímpico Internacional.
A través de esta asociación, la FIG utilizará las soluciones de Corpay para mitigar la exposición al riesgo de cambio en sus operaciones diarias. La organización tendrá acceso a la plataforma galardonada de Corpay Cross-Border para gestionar pagos globales desde un único punto de acceso.
El acuerdo beneficiará a la red de 165 federaciones nacionales miembros y socios comerciales de la FIG, brindándoles acceso a soluciones integrales de pagos transfronterizos y gestión de riesgos de divisas. El presidente de la FIG, Morinari Watanabe, expresó entusiasmo por la colaboración, destacando su potencial para simplificar las numerosas transacciones en moneda extranjera de la federación.
Corpay Cross-Border (NYSE: CPAY)는 국제 올림픽 위원회에 의해 인정받는 체조의 세계 governing body인 국제 체조 연맹 (FIG)의 공식 외환 결제 공급자로 선정되었습니다.
이 파트너십을 통해 FIG는 일상적인 운영에서 외환 노출을 완화하기 위해 Corpay의 솔루션을 활용할 것입니다. 조직은 단일 접근 지점에서 글로벌 결제를 관리하기 위해 Corpay Cross-Border의 수상 경력이 있는 플랫폼에 접근할 수 있습니다.
이번 협약은 165개의 국가 회원 연맹 및 기업 비즈니스 파트너로 구성된 FIG 네트워크에 혜택을 제공하며, 포괄적인 국경 간 결제 및 외환 리스크 관리 솔루션에 접근할 수 있게 합니다. FIG의 회장인 Morinari Watanabe는 협력에 대한 기대감을 표현하며, 연맹의 수많은 외화 거래를 간소화할 수 있는 잠재력을 강조했습니다.
Corpay Cross-Border (NYSE: CPAY) a été désigné Fournisseur Officiel de Paiements en Devises Étrangères pour la Fédération Internationale de Gymnastique (FIG), l'organe directeur mondial de la gymnastique reconnu par le Comité Olympique International.
Grâce à ce partenariat, la FIG utilisera les solutions de Corpay pour atténuer l'exposition aux fluctuations de change dans ses opérations quotidiennes. L'organisation aura accès à la plateforme primée de Corpay Cross-Border pour gérer les paiements mondiaux à partir d'un point d'accès unique.
Cette entente bénéficiera au réseau des 165 fédérations nationales membres et partenaires commerciaux de la FIG, leur offrant un accès à des solutions complètes de paiements transfrontaliers et de gestion des risques de change. Le président de la FIG, Morinari Watanabe, a exprimé son enthousiasme pour cette collaboration, soulignant son potentiel à simplifier les nombreuses transactions en devises étrangères de la fédération.
Corpay Cross-Border (NYSE: CPAY) wurde als Offizieller Anbieter für Auslandszahlungsverkehr für die Fédération Internationale de Gymnastique (FIG) benannt, die weltweit anerkannte Aufsichtsbehörde für Gymnastik durch das Internationale Olympische Komitee.
Durch diese Partnerschaft wird die FIG die Lösungen von Corpay nutzen, um die Exposition gegenüber Währungsrisiken in ihren täglichen Abläufen zu mindern. Die Organisation erhält Zugang zur preisgekrönten Plattform von Corpay Cross-Border, um globale Zahlungen von einem einzigen Zugangspunkt aus zu verwalten.
Die Vereinbarung wird dem Netzwerk von 165 nationalen Mitgliedsverbänden und Unternehmenspartnern der FIG zugutekommen und ihnen Zugang zu umfassenden grenzüberschreitenden Zahlungs- und Währungsrisikomanagementlösungen bieten. Der Präsident der FIG, Morinari Watanabe, äußerte seine Begeisterung über die Zusammenarbeit und hob ihr Potenzial hervor, die zahlreichen Transaktionen der Föderation in Fremdwährungen zu optimieren.
- Secured strategic partnership with major international sports federation (FIG)
- Expands potential client base to 165 national member federations
- Strengthens global brand presence in sports industry
- None.
Insights
This strategic partnership marks a significant milestone in Corpay's expansion into the international sports sector, particularly notable due to FIG's Olympic recognition and global reach. The agreement extends beyond simple payment processing, encompassing comprehensive FX risk management solutions for an organization handling transactions across multiple currencies and jurisdictions.
The partnership's value proposition centers on three key aspects:
- Direct access to FIG's network of 165 member federations, creating a substantial multiplier effect for potential business growth
- Enhanced credibility in the sports sector through association with an Olympic-recognized organization, which could catalyze similar partnerships with other international sports federations
- Demonstration of Corpay's enterprise-level capabilities in handling complex, multi-currency transaction requirements for large international organizations
The timing of this announcement is particularly strategic, considering the approaching Olympic cycle and increased international sporting activities. This positions Corpay to capture a larger share of the sports-related international payment market, which involves significant cross-border transactions for events, athlete payments, and organizational operations.
From a competitive standpoint, securing this partnership demonstrates Corpay's ability to win major institutional clients against traditional banking providers and fintech competitors. The company's single-point-of-access platform offers a compelling advantage for organizations managing complex international payment networks, potentially leading to increased market share in the broader sports and international organizations sector.
Providing access to currency risk management and cross-border payments solutions
Through this partnership, the FIG will be able to 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 honoured to be named the Official FX Payments Supplier for the FIG,” said Brad Loder, Chief Marketing Officer, Corpay Cross-Border Solutions. “As we continue to focus on growing Corpay’s brand and business globally, we are excited to partner with a historic and respected organization such as the FIG. I am confident that the FIG, along with their network of national member federations and corporate business partners, will benefit from access to our comprehensive cross-border payments and FX risk management solutions, along with our experience gained within the world of sports.”
“We are delighted about this agreement with an internationally renowned company such as Corpay,” FIG President Morinari Watanabe declared. “This collaboration will introduce Corpay’s services to the world of gymnastics and help us, as an international federation with 165 member federations, to streamline our numerous foreign currency transactions.”
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 FIG
The FIG is the world governing body for gymnastics recognised by the International Olympic Committee (IOC). It is the oldest established international federation of an Olympic sport and has participated in the Olympic Games since their revival in 1896. The FIG governs eight sports: Gymnastics for All, Men's and Women's Artistic Gymnastics, Rhythmic Gymnastics, Trampoline - including Double Mini-trampoline and Tumbling -, Aerobics, Acrobatics and Parkour. Find out more at https://gymnastics.sport.
*“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/20250220491062/en/
Corpay:
Brad Loder
Chief Marketing Officer
Corpay Cross-Border Solutions
+1 (647) 627-6635
brad.loder@corpay.com
Source: Corpay, Inc.
FAQ
What services will Corpay (CPAY) provide to the FIG as their Official FX Payments Supplier?
How many member federations will have access to Corpay's (CPAY) FX services through the FIG partnership?
What are the main benefits of the Corpay (CPAY) and FIG partnership?
When did Corpay (CPAY) become the Official FX Payments Supplier for the FIG?
