Toronto, Feb 18 — Corpay, Inc.*, (NYSE: CPAY) a global leader in corporate payments, today announced that its Cross-Border business has entered into an agreement with Pramac Racing Limited, one of the most innovative teams competing in the MotoGP World Championship. Under the agreement, Corpay becomes Pramac Racing’s Official Commercial Foreign Exchange (FX) Partner and a Premium Partner of the team.
Through this partnership, Pramac Racing 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 MotoGP World Championship represents the pinnacle of motorcycle road racing, and we are honoured to be named the Official Commercial FX Partner of Prima Pramac Racing,” said Brad Loder, Chief Marketing Officer, Corpay Cross-Border Solutions. “I am confident the team will benefit from access to our comprehensive FX risk management and cross-border payments solutions, together with the deep experience we have built working with elite organizations across the global sports landscape.”