World Athletics, the global governing body of the sport, has announced a strategic partnership with Corpay Cross-Border, a leading provider of corporate payment solutions.
The four-year agreement has appointed Corpay as the official foreign exchange (FX) supplier for the governing body of athletics.
This collaboration will significantly enhance the International Athletics Federation’s financial operations by providing robust solutions for managing foreign exchange risk and streamlining global payments. As an organization with a substantial portion of its income in USD and expenses spread across multiple currencies, the partnership with Corpay Cross-Border is crucial to optimizing financial performance.
World Athletics President Sebastian Coe, said, “We are pleased to welcome Corpay Cross-Border as an Official Supplier to World Athletics. The athletics world governing body receives the majority of its income in USD but makes substantial payments each year in various currencies. Having the expertise of Corpay Cross-Border, with access to currency risk management and cross-border payments solutions, will prove invaluable.”
Brad Loder, Chief Marketing Officer at Corpay Cross-Border Solutions, added, “Corpay Cross-Border is very honoured to join the World Athletics family as their Official Foreign Exchange Supplier.
“I am confident that World Athletics and the broader World Athletics family, including their federation members and partners, will benefit from access to our comprehensive currency risk management and cross-border payments solutions, along with our extensive experience gained within the world of sports.”
Corpay Cross-Border is a global leader in business payments, offering a comprehensive suite of solutions for expense management, including online bill payment, accounts payable automation, international payments, currency risk management, and commercial card programs. The company already serves as the official foreign exchange partner to Cricket Ireland, AC Milan, Aston Villa, and Real Betis.
This partnership complements the global athletics authority’s recent collaborations with TATA Communications, Morinaga, and Sony, demonstrating the organization’s commitment to strategic alliances that drive growth and innovation.
