Corpay, a leading force in corporate payments and a FLEETCOR brand, has announced a landmark multi-year agreement, designating its Cross-Border business as the official foreign exchange (FX) provider for Major League Soccer (MLS).
This strategic alliance is poised to significantly enhance MLS’s financial operations and mitigate currency risks as the league continues its impressive global expansion.
The partnership equips MLS with Corpay Cross-Border’s sophisticated suite of solutions for global payments and currency risk management. In an era of escalating international engagement for professional soccer, these capabilities are vital for streamlining transactions ranging from salaries and international sponsorships to complex cross-border operational expenses. Corpay will provide MLS with a centralized, single point of access for its global payment needs, promising greater efficiency and optimized financial workflows.
This announcement arrives at a profoundly exciting juncture for soccer in North America. MLS is currently celebrating its 30th season, and the region is gearing up to host a series of monumental international tournaments. These include the CONCACAF Gold Cup and FIFA Club World Cup in 2025, culminating in the highly anticipated FIFA World Cup across the U.S., Canada, and Mexico in 2026. This period of unprecedented global activity underscores the critical need for robust, efficient, and proactive foreign exchange management within the league.
Speaking on the occasion, Brad Loder, Chief Marketing Officer, Corpay Cross-Border Solutions, said, “The Corpay Cross-Border team is honoured to be named the Official FX Provider for MLS, the top-tier professional soccer league in the United States and Canada. I am confident that MLS and the league’s network of corporate business partners will benefit from access to our comprehensive cross-border payments and currency risk management solutions, along with our experience gained within the world of sports.”
Greg Millard, MLS SVP, Brand Alliances, added, “We are thrilled to welcome Corpay as the Official Foreign Exchange Provider of MLS. MLS is part of the global game, and we look forward to working with Corpay to make our foreign exchange practices more efficient.”
This partnership reflects a growing imperative across major sports leagues to fortify their financial infrastructure in response to the increasing complexities of international commerce. Corpay brings a wealth of specialized experience in the sports sector, boasting an impressive roster of existing partnerships with global athletic powerhouses such as UFC, Everton, World Athletics, Manchester City, AC Milan, Real Betis, Aston Villa, and others.
The collaboration is expected to significantly bolster MLS’s financial resilience and operational agility, ensuring the league is exceptionally well-positioned to navigate the intricate global economic landscape of professional soccer for years to come.
