Corporate payments company Corpay announces a collaboration with BVNK, a stablecoin infrastructure provider, to add stablecoin wallets and settlement capabilities for Corpay customers. The companies say Corpay will use stablecoin rails in its treasury operations to support faster movement of liquidity across its global payments footprint. Corpay also frames the initiative as a way to improve capital efficiency by reducing the need for pre-funded accounts and by enabling more flexible fund transfers. The partnership is positioned as part of Corpay’s broader cross-border solutions, with BVNK providing the stablecoin wallet and infrastructure layer. Corpay’s management comments emphasize that, at its operating scale, timely and reliable liquidity transfers are critical. The announcement follows Corpay’s stated goal of leveraging stablecoin settlement to enhance how it manages corporate payments and treasury functions, including reducing reliance on accounts that must be funded in advance.
Corpay partners with BVNK to add stablecoin wallets for corporate settlements
Corporate payments company Corpay announces a collaboration with BVNK, a stablecoin infrastructure provider, to add stablecoin wallets and settlement capabilities for Corpay customers. The companies s...
- Corpay partners with BVNK to provide stablecoin wallets and settlement capabilities.
- The collaboration is aimed at enabling stablecoin-based settlement for Corpay customers.
- Corpay says it will use stablecoin rails in its treasury operations.
- The initiative is intended to improve capital efficiency and reduce reliance on pre-funded accounts.
- Corpay positions the change as supporting faster, reliable movement of liquidity across its global footprint.
Corporate payments company Corpay has launched a collaboration with stablecoin infrastructure platform BVNK. The partnership, announced Monday (May 11), is aimed at offering Corpay customers stablecoin wallets and settlement capabilities. “At our scale, the ability to move liquidity quickly and reliably is critical,” Mark Frey, group president for Corpay Cross-Border Solutions, said in a […] The post Corpay Taps BVNK To Offer Customers Stablecoin Settlement appeared first on PYMNTS.com.
3 months agoCorpay will use stablecoin rails in its treasury operations to improve capital efficiency, reduce reliance on pre-funded accounts, and move funds across its global footprint.
3 months ago
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