United States, April 29 -- Mastercard and Corpay announced an expansion of their partnership to deliver an enhanced suite of corporate cross-border payment solutions.As a result, Mastercard's financial institutions and their customers will now have simplified access to robust, end-to-end cross-border payments choices, including carded and non-carded solutions supporting all ticket sizes.Under the agreement, Mastercard will become a minority investor in Corpay's cross-border business. The $300 million investment - for an approximately 3% equity stake - represents an enterprise valuation of $10.7 billion, or 20x forward EBITDA multiple.The partnership will strengthen solutions offered to financial institutions:* Corpay will be the exclusive p...