New Delhi, Sept. 30 -- Corpay and Mastercard have announced an expansion of their long-standing collaboration to enable corporations, small businesses, and financial institutions to make real-time payments to 22 new markets worldwide.
The expanded reach covers regions across Asia, Europe, the Middle East, Africa, and Latin America. This move addresses the growing demand for fast and efficient transactions, with global cross-border payments projected to exceed USD 250 trillion by 2027.
Pratik Khowala, Global Head of Transfer Services at Mastercard, stated that the expansion allows financial institutions to seamlessly access new markets and optimise their cross-border operations.
Mark Frey, Group President of Corpay Cross-Border Solutions,...