Corpay partners with BVNK to add stablecoin wallets

We're excited to announce that BVNK is now the stablecoin infrastructure partner for Corpay (NYSE: CPAY), one of the world's largest corporate payments companies.

This means Corpay's 800,000+ clients will gain access to stablecoin wallets and 24/7 settlement capabilities integrated directly into their platform. They'll see stablecoin balances alongside their fiat accounts, and send, receive, store, and convert stablecoins without leaving Corpay's interface. Payments that used to wait for banking hours will settle around the clock.

Corpay is also using stablecoin rails for their own treasury operations, reducing pre-funded account requirements and improving capital efficiency across their global footprint.

The regulatory environment for stablecoins has shifted. The GENIUS Act in the US, MiCA in Europe, and equivalent frameworks across Asia Pacific are all creating space for regulated, fiat-backed stablecoins to operate within licensed institutions. 

As Mark Frey, Group President of Corpay Cross-Border, put it: “At our scale, the ability to move liquidity quickly and reliably is critical. Stablecoins introduce a 24/7 settlement capability that strengthens our existing infrastructure. BVNK provides the technology and compliance framework we need to deliver this securely and at scale.”

This partnership is part of Corpay's broader multi-rail strategy. They now support Swift, proprietary iACH, real-time local payment schemes, private blockchain via JP Morgan's Kinexys, and stablecoin settlement via BVNK. The value is in choice – routing each transaction across whichever rail works best for that specific customer and corridor.

As Jesse Hemson-Struthers, CEO of BVNK, said: “We believe stablecoins are reshaping the foundation of global payments. Corpay's scale and reach make them an ideal partner to bring these capabilities into the mainstream. Together, we're enabling faster, more efficient ways for businesses to move and manage money across borders.”

The future of corporate payments is about flexibility, choice, and intelligent routing. That's what we're building together with Corpay.