World Table Tennis (WTT) has announced a new sponsorship agreement with a global leader in business payments, Corpay. In this deal, the brand’s Cross-Border business is set to become WTT’s official global FX payments supplier in 2023.
Corpay is a global leader in business payments, assisting businesses of all sizes in tracking, managing, and paying their expenditures. Corpay offers a complete suite of online payment remedies to customers, such as Bill Payment, AP Automation, Cross-Border Payments, Currency Risk Management, and Commercial Card Programs.
World Table Tennis and all stakeholders in its sequence of events, which include their players and business partner network, will be able to have access to and use Corpay’s groundbreaking technologies to help reduce their foreign exchange vulnerability risks as a result of this collaboration.
Furthermore, Corpay Cross-award-winning Border’s platform will allow eligible businesses to manage their global payments from a single point of contact.
Brad Loder, Vice-President, Cross-Border Marketing, Corpay Cross-Border Solutions, said, “Corpay is very honoured to be named the official Global FX Payments Supplier for World Table Tennis. I am confident that World Table Tennis, the players and their business partner network will benefit from access to our comprehensive cross-border payments and FX risk management solutions, along with benefit from our payments experience gained within the world of sports.”
Michael Brown, World Table Tennis Chief Financial Officer, commented, “In 2022, World Table Tennis has disbursed over $6M USD in prize money, processed more than 3,000 individual transactions, to over 80 different territories around the world. This was a record year, and we expect the prize money purse to continue to grow in the coming years, and likely to have doubled again by 2024. World Table Tennis has placed athletes at the heart of its events. Therefore, it is crucial to ensure we have partners, such as Corpay, to help ensure they receive their prize money as easily as possible.”
Kimberly Koh, World Table Tennis Partnerships Director, said, “We are delighted to welcome Corpay, a global leader in business payments, as World Table Tennis’s official Global FX Payments Supplier. As World Table Tennis continues to grow since its 2021 launch, Corpay will provide innovative payment services, playing a significant role in the transformation of the sport. We look forward to introducing Corpay through our corporate hospitality and business partner network and continuing to grow this partnership in the longer term.”