AC Milan and Corpay, a company specializing in business payments, have announced a new partnership. This collaboration designates Corpay as the official commercial foreign exchange (FX) partner of the iconic football club.

Brad Loder, the Vice President for Cross-Border Marketing and Corpay Cross-Border Solutions, said: "Corpay Cross-Border is very honored to be named the official commercial foreign exchange partner of AC Milan, which marks another significant milestone for Corpay and its presence in Italy and in the world of sports."

AC Milan Taps Corpay's International Payment Solutions

Corpay facilitates business payments for international transactions. Its services include currency risk management and supporting global business expansion. The company processes 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 across 145+ currencies in 200+ countries.

Maikel Oettle, the Chief Commercial Officer at AC Milan, expressed his enthusiasm: "At AC Milan, we are delighted to embark on this exciting journey with Corpay. This partnership is a testament to our shared commitment to innovation, and it aligns seamlessly with our vision of providing the best experiences to our global fanbase."

Siamo lieti di accogliere @CorpayFX nella famiglia rossonera, come nostro nuovo Official Commercial Foreign Exchange Partner 👉 https://t.co/HrjP3nHsh4#ACMilan is delighted to welcome Corpay to the Rossoneri family as the Club’s new Official Commercial Foreign Exchange Partner… pic.twitter.com/zvwl82WfFL

— AC Milan (@acmilan) October 19, 2023

Corpay has recently formed similar sports sponsorships with international football clubs. In September, the company teamed up with Aston Villa. This collaboration made Corpay the club's official commercial FX partner, providing solutions to manage foreign exchange risks and streamline global payments.

Corpay's Expanding Partnerships

As the club's official commercial FX partner, Corpay supports Aston Villa by extending its services to the club's network of corporate business partners. This means that these entities can harness Corpay's platform to effectively manage their FX exposure, the company said during the announcement of the deal.

Loder stated: "With our strong focus on growing the Corpay brand, along with our corporate payments and foreign exchange business globally, we are excited by the opportunity to partner with one of the Premier League's oldest and most successful football clubs."

Beyond the realm of sports, Corpay has been actively broadening its partnerships within the fintech ecosystem. Last year, the company announced a deal with Sila Inc., a fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term software platform. This partnership enables Sila's customers to access a range of currencies and cross-border payment capabilities across 100 countries.