Corporate payments provider Corpay, Inc. (NYSE:CPAY) today announced that its Cross-Border business has entered into a multi-year agreement with the International Tennis Federation (ITF), the world governing body for tennis.
Under the agreement, Corpay will serve as the Official Foreign Exchange Partner of both the ITF and the Davis Cup.
Through this partnership, the ITF will be able to use Corpay Cross-Border’s innovative solutions to help mitigate foreign exchange exposure in their daily operations. They’ll also benefit from Corpay’s platform, which allows for seamless global payment management from a single point of access.
“Corpay is honoured and excited to be named the Official FX Partner for the International Tennis Federation and the Davis Cup,” said Brad Loder, Chief Marketing Officer, Corpay Cross-Border Solutions. “We’re confident that the ITF, its member associations, and commercial partners will benefit from our comprehensive cross-border payments and currency risk management solutions. Our deep experience in sports—especially tennis—positions us well to deliver meaningful value. We look forward to supporting the ITF and playing a role in the continued global growth of tennis.”
David Haggerty, ITF President, said:
“We are pleased to welcome Corpay Cross-Border to the ITF’s family of official partners. Access to Corpay’s foreign exchange services will greatly benefit the ITF and our member nations. We also look forward to working alongside colleagues from Corpay on-site at Davis Cup events in 2025 and beyond to further promote the partnership”.
