The ABB FIA Formula E World Championship has appointed Corpay’s cross-border payments division as its foreign exchange (FX) provider, in a partnership aimed at strengthening the global financial operations of the all-electric racing series.
Under the agreement, Corpay Cross-Border will deliver foreign exchange risk management and international payment solutions to support Formula E’s multi-market operations. The collaboration is designed to streamline cross-border transactions and help the championship manage currency volatility as it stages races across major international markets.
Brad Loder, Chief Marketing Officer, Corpay Cross-Border Solutions, said, “As a truly global motorsport platform, Formula E operates across numerous currencies and jurisdictions throughout its racing calendar. We are proud to partner with an innovative, forward-thinking championship and to support its international growth with tailored FX and cross-border payment solutions that help mitigate currency risk and drive operational efficiency.”
Max Adkins, Chief Financial Officer, Formula E, added, “Formula E is at the forefront of technology and sustainability, and it is vital that our partners reflect that same forward-thinking approach. Partnering with Corpay allows us to streamline our global financial operations across a highly dynamic, multi-currency environment. We look forward to working together as we continue to bring the excitement of all-electric racing to fans around the world.”
Formula E’s race calendar spans major global cities including London, Tokyo, Berlin, Mexico City, and São Paulo, creating a complex network of international payments involving teams, suppliers, event organisers, and logistics partners.
Through the partnership, Corpay will provide tools to help manage currency exposure, facilitate international payments, and offer market insights related to foreign exchange movements. These capabilities are expected to support Formula E and its stakeholders in handling cross-border transactions more efficiently while reducing the financial risks associated with fluctuating exchange rates.
For Corpay, the agreement represents another step in expanding its presence within global sport. The company provides international payment and currency risk management services to organisations operating across multiple markets and has built a growing portfolio of sports partnerships. Its sports alliances include organisations such as the National Hockey League, Major League Soccer, Ultimate Fighting Championship, and SailGP, as well as clubs including West Ham United F.C., Everton F.C., Manchester City F.C., and A.C. Milan.
Formula E’s commercial ecosystem features a range of global partners spanning technology, mobility, and luxury brands. With Corpay joining as the championship’s official foreign exchange provider, the partnership portfolio alongside companies such as Google Cloud, Taittinger, Hackett London, and title partner ABB continues to expand as the electric racing series grows its global footprint.
