Corpay and Mastercard have extended their partnership to introduce near real-time cross-border payments in 22 additional markets.

The new markets are distributed across regions like Asia, Europe, the Middle East, Africa, and Latin America. This expansion was announced at the Sibos 2025 event in Frankfurt, Germany, marking over a decade of collaboration between the two entities.

This initiative harnesses Mastercard Move, encompassing more than 200 countries and territories and supporting over 150 currencies. The dual objective is to accelerate payment settlements, enhance traceable transfers, and increase transparency regarding costs and delivery periods.

Growing Need for Swift International Payments

Global demand for international payments is on the rise, expected to surpass USD 250 trillion by 2027. Transactions related to trade, remittances, and business disbursements are driving this increase. Mastercard representatives highlighted that the expanded reach enables institutions to boost operational efficiency while serving new customer bases.

Corpay officials stated that the arrangement improves payment speed and cost-effectiveness, supporting small and medium-sized businesses aiming for international growth. Both companies positioned the agreement within a broader strategy aimed at fortifying their roles in global money movement.

This announcement follows an earlier deal from April 2025 where Corpay was designated as the sole provider of large-scale cross-border payments and currency risk management services for Mastercard’s financial institution partners. That agreement also extended Mastercard Move’s offerings to Corpay’s smaller clients.

Mastercard Move supports transactions across various endpoints, including bank accounts, cards, cash, and digital wallets. The platform is engineered to reach over 95% of the world’s banked population, giving institutions greater flexibility in managing cross-border transactions.