Corpay and BVNK launch stablecoin payments across $12 billion global network

BVNK Powers Copay stablecoin Launches as demand for cross-border payments accelerates

Corpay Inc. (NYSE: CPAY), one of the world’s largest corporate payments providers. stablecoin We strengthen our capabilities on our platform through our partnership with . cryptocurrency Infrastructure company BVNK has heralded another step towards integrating digital assets into mainstream financial services.

Through this contract, Corpay customers stablecoin Maintain balances alongside your existing fiat accounts and use the built-in wallet to send, receive, store and convert digital dollars directly within the company’s payments ecosystem.

The partnership is designed to give businesses access to a 24-hour payments network that operates outside of traditional banking hours, a feature increasingly seen as a key benefit of blockchain-based payments.

Serving more than 800,000 customers globally, Corpay processes more than $12 billion in corporate payments and approximately $26 billion in foreign exchange transactions each month in more than 145 currencies. addition stablecoin Rails is expected to expand the company’s cross-border payment capabilities while improving the speed and flexibility of global fund transfers.

The company also plans to integrate stablecoin Add infrastructure to your internal financial operations. Through this, Corpay aims to reduce reliance on prepaid accounts, improve capital efficiency and streamline operations. liquidity Manages across an international network.

“At our scale, the ability to move liquidity It is important to proceed quickly and reliably. stablecoin “We are introducing 24/7 payment functionality that strengthens our existing infrastructure,” said Mark Frey, Group President, Corpay Cross-Border Solutions.

Explore TradFi stablecoin international payment rails

Provided by BVNK stablecoin Payments Infrastructure for Enterprises provides the underlying technology and compliance framework for integration. The London-based company already works with companies including Worldpay, Deel and Flywire to process billions of dollars each year.

CEO Jesse Hemson-Struthers said the partnership reflects the broader changes underway in global payments. “We believe stablecoin We are reorganizing the foundation of global payments. Corpay’s scale and reach make it an ideal partner. Together, we are providing businesses with a faster, more efficient way to move and manage their funds across borders.”

The collaboration comes as traditional financial companies increasingly look to stablecoins as viable tools for international commerce. Stablecoins have become popular because they allow for near-instantaneous transfers with less operational friction than many legacy banking systems.

For large corporate payment service providers, the attractions include faster settlement times, continuous market access, and lower capital requirements associated with idle liquidity.

Corpay’s move also highlights how digital asset infrastructure is embedded into existing financial networks, rather than operating separately from them. As regulation of stablecoins evolves globally, partnerships between traditional financial firms and crypto-based infrastructure providers are expected to become more common.