Enables 24×7 stablecoin and tokenized fiat disbursements
Corpay, Inc. (NYSE: CPAY), the corporate payments company, today announced that it has added blockchain-based settlement to its cross-border payments platform through agreements with two leading infrastructure providers: JP Morgan for its Kinexys private blockchain, and BVNK for stablecoin interoperability.
These agreements expand Corpay Cross-Border’s multi-rail platform — spanning SWIFT, proprietary iACH, and real-time local payment schemes — by adding blockchain-based settlement across select corridors. Corpay now supports multiple global payment rails, enabling clients to access different settlement methods through a single integrated platform.
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“We are continuing to build a truly multi-rail global payments platform,” said Ron Clarke, Chairman and CEO of Corpay. “Adding both public and private blockchain capabilities allows us to optimize how payments move — improving speed, flexibility, and efficiency for our clients around the world.”
“Stablecoins and tokenized fiat are expanding how money moves globally,” said Mark Frey, Group President, Corpay Cross-Border Solutions. “We’ve built the platform that connects these different rails — routing each transaction across whichever rail delivers the best outcome for the client.”
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