North America’s Major League Soccer (MLS) has announced a new partnership with global financial services company Corpay.
Through a multi-year agreement, the US-based firm becomes the league’s official foreign exchange provider.
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MLS will have access to the Corpay Cross Border solutions to “help mitigate foreign exchange exposure from day-to-day business needs.”
Additionally, Corpay Cross-Border’s platform will enable the league to manage global payments from a single point of access.
Brad Loder, Corpay Cross-Border Solutions chief marketing officer, has said: “I am confident that MLS and the league’s network of corporate business partners will benefit from access to our comprehensive cross-border payments and currency risk management solutions, along with our experience gained within the world of sports.”
This deal comes quickly after MLS renewed its long-running partnership with tire manufacturer Continental.
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By GlobalDataThe agreement also enhances Corpay’s diverse sports sponsorship portfolio, which it has built out in recent years.
The company has partnerships with prominent organizations such as the Ultimate Fighting Championship (MMA), World Triathlon, LIV Golf, SailGP, World Athletics, Everton FC (soccer), and World Aquatics.
