Corpay announced a partnership with BVNK, a stablecoin infrastructure platform, to integrate wallets and stablecoin settlement capabilities into its offering for corporate clients globally.
The integration will allow Corpay users to view stablecoin balances alongside their fiat balances, as well as send, receive, store and convert stablecoins directly within the platform. They will have access to payment rails available 24 hours a day, seven days a week, without the restrictions of traditional banking hours.
The company will also incorporate these rails into its treasury operations, with the goal of reducing reliance on pre-funded accounts and improving capital efficiency across its global network. Corpay serves more than 800,000 clients worldwide and processes over $12 billion monthly in corporate payments and $26 billion in foreign exchange operations across more than 145 currencies.
Mark Frey, president of the company’s cross-border solutions group, noted that stablecoins offer a permanent settlement capability that strengthens existing infrastructure.
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