The Fédération Internationale de Natation (FINA) and Corpay, a FLEETCOR®
(NYSE: FLT) brand and global leader in business payments, are today delighted
to announce a multi-year collaboration that will see Corpay Cross-Border group
provide their foreign exchange (FX) solutions to FINA. This new deal was
announced on the occasion of the 19^th FINA World Championships Budapest 2022,
which is playing host to the leading aquatics athletes from across the globe.
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FINA and the wider FINA Family will gain access to Corpay’s innovative foreign
exchange solutions to help manage currency exposure for international
payments. In addition, Corpay Cross-Border’s award-winning trading platform
will enable FINA to manage global foreign exchange payments from one single
point of access.
As the global governing body of six aquatic disciplines – Swimming, Water
Polo, Diving, High Diving, Artistic Swimming and Open Water Swimming – FINA’s
collaboration with Corpay Cross-Border will create valuable opportunities for
the global aquatic’s community, event hosts and FINA partners providing
international payments and foreign exchange solutions and capabilities.*
FINA President Captain Husain Al-Musallam expressed his confidence in the
partnership with Corpay: “We are very excited to have Corpay Cross-Border join
the FINA family at such an exciting time for the Federation. With more than
seventy international events annually, this collaboration is certain to help
drive financial efficiencies with the multiple foreign currency transactions
we undertake with our event hosts, member federations and partners on an
annual basis.”
Corpay Cross-Border President, Mark Frey continued “Corpay Cross-Border is
very honoured to join the FINA family as their Official FX Payments Supplier.
I am confident that FINA and the broader FINA Family will benefit from access
to our comprehensive cross-border payments and FX risk management solutions,
along with our payments experience gained within the world of sports.” “We
look forward to helping them power their global payments and execute their
plans to manage their currency risk for many years to come.”