Corpay, a global corporate payments company, announced on Tuesday the expansion of its cross-border payments business with the opening of a new office in Auckland, New Zealand. The move expands Corpay's presence in the Asia-Pacific region.

Corpay Expands Cross-Border Payments Business with New Zealand Office

The Auckland office will provide Corpay's clients access to its full suite of cross-border payment products, including global payments and currency risk management solutions for wholesale customers.

"Our decision to establish a presence in New Zealand underscores our commitment to prioritizing our current and future clients' evolving needs," said David Britten, Managing Director, APAC, Corpay Cross-Border Solutions. "While we may not be the first player in the New Zealand market, our years of experience collaborating with our clients in Australia enable us to provide tailored services that suit their needs."

As part of its strategy, Corpay is actively recruiting local talent and experienced professionals to join its growing team in New Zealand. For the payments provider, this is another expansion of operations following the announcement in May of the acquisition of Paymerang, a corporate payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term company that enables the processing of about $120 billion worth of transactions annually.

"We see tremendous potential in New Zealand and are excited to bring our industry-leading services to organizations in the region," said Mark Frey, Group President, Corpay Cross-Border Solutions. "We have always worked closely with our clients to ensure they're involved in the products and solutions we build."

Corpay’s Recent Partnerships

Expansion into New Zealand is the latest in a series of strategic moves by the company to strengthen its position as a global leader in corporate payments. In March 2024, the company, formerly known as FLEETCOR Technologies, rebranded to Corpay to better align with its focus on providing corporate payment solutions.

The company has also been actively forging partnerships within the fintech ecosystem. In January 2024, Corpay Cross-Border was named the official foreign exchange partner for Cricket Ireland, aiming to enhance currency risk management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term and cross-border payments for the organization and its corporate business partners.

In football sports arenas, Corpay has also established itself as a notable player, providing commercial foreign exchange solutions to football clubs such as AC Milan and Aston Villa.

In the meantime, the company has collaborated with Sila Inc. to offer customers access to various currencies and cross-border payment capabilities across 100 countries and recently partnered with Netdania to leverage the NetStation platform for its Cross-Border division's sales and dealing teams.