Corpay partners with BVNK to add stablecoin payment capabilities

Corpay Inc. (NYSE: CPAY) announced a partnership with stablecoin infrastructure platform BVNK to provide stablecoin wallets and settlement capabilities to its global customer base.

The integration will enable Corpay customers to view stablecoin balances alongside fiat balances and access embedded stablecoin wallets for sending, receiving, storing, and converting stablecoins within the platform. The addition provides access to payment rails that operate outside traditional banking hours.

Corpay will integrate stablecoin rails into its treasury operations to reduce reliance on pre-funded accounts and improve capital efficiency across its global network. The company serves more than 800,000 clients worldwide, processing over $12 billion in corporate payments and $26 billion in foreign exchange monthly across 145+ currencies.

"At our scale, the ability to move liquidity quickly and reliably is critical," said Mark Frey, Group President, Corpay Cross-Border Solutions. "Stablecoins introduce a 24/7 settlement capability that strengthens our existing infrastructure."

"We believe stablecoins are reshaping the foundation of global payments," said Jesse Hemson-Struthers, CEO of BVNK. "Corpay's scale and reach make them an ideal partner to bring these capabilities into the mainstream."

The stablecoin settlement addition expands Corpay's payment network, providing customers additional options for managing domestic and cross-border transactions. BVNK provides stablecoin infrastructure services across 130+ countries and processes billions annually for clients including Worldpay, Deel and Flywire.

The information is based on a company press release.

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