Corpay: Digital Asset Strategy through Partnerships

Corpay announces that it has integrated with infrastructure platform BVNK to bring settlement capabilities and stablecoin wallets to its customers. 

The partnership brings benefits to Corpay customers that include the ability to see stablecoin balance alongside fiat balances, in addition to the introduction of stablecoin wallets which facilitate the movement of stablecoin for customers. 

Finally, it will also enable Corpay customers to have access to what the announcement terms “always-on” payment rails that transcend normal operating hours and banking systems, offering more flexibility for money movement. 

In addition, Corpay will also integrate the stablecoin rails to its treasury operations.

This move ensures that there is a limited reliance on pre-funded accounts, in turn boosting capital efficiency. 

The partnership supports Corpay’s mission to move money beyond the scope of just its own proprietary network to a broader global market. 

Mark Frey, Group President, Corpay Cross-Border Solutions says: “At our scale, the ability to move liquidity quickly and reliably is critical. 

“Stablecoins introduce a 24/7 settlement capability that strengthens our existing infrastructure. BVNK provides the technology and compliance framework we need to deliver this securely and at scale.”

The company serves a worldwide total of roughly 800,000 clients, processing US$26bn in foreign exchange monthly. This occurs across 145+ currencies. 

Corpay also processes a total of US$12bn corporate payments. Its payment network is expanded through the partnership with BVNK, as the addition of stablecoin settlement provides additional opportunities for customers to manage domestic and cross-border payments transactions according to their requirements. 

Jesse Hemson-Struthers, CEO of BVNK explains: “We believe stablecoins are reshaping the foundation of global payments. 

“Corpay’s scale and reach make them an ideal partner to bring these capabilities into the mainstream. Together, we’re enabling faster, more efficient ways for businesses to move and manage money across borders.”

Cross-border payments: Corpay’s new strategy 

The company recently announced a series of partnerships aimed at expanding its digital strategy to focus on cross-border payments. 

Aside from partnering with BVNK, the corporate payments giant has also announced it will partner with JP Morgan’s Kinexys private blockchain. 

“We are continuing to build a truly multi-rail global payments platform,” notes Ron Clarke, Chairman and CEO of Corpay. 

“Adding both public and private blockchain capabilities allows us to optimise how payments move – improving speed, flexibility and efficiency for our clients around the world.”

Through the agreements, Corpay will allow its customers to access alternative settlement methods through a single, integrated platform. 

Through the addition of blockchain-based settlement through different corridors, Corpay is expanding its Cross-Border multi-rail platform, which includes SWIFT and Corpay’s proprietary iACH. 

Mark says: “Stablecoins and tokenised fiat are expanding how money moves globally. We’ve built the platform that connects these different rails –  routing each transaction across whichever rail delivers the best outcome for the client.”

The company’s announcement comes hot on the heels of its Q1 2026 financial results, which have indicated a 25% revenue growth in addition to a 29% adjusted net income per share growth rate. 

The company indicates confidence for the rest of the year based on these results, which are what Ron describes as “well ahead of expectations”.