A corporate payment solutions provider has recently secured a multi-year agreement to maintain its status as the official foreign exchange payments supplier for a global sailing championship. This extension is part of the provider’s ongoing commitment to support international sports through innovative payment solutions.
Active in the realm of sports sponsorship, the provider has also formed a significant partnership with New Zealand Football, functioning as its foreign exchange partner. This partnership focuses on currency risk management as well as international payment services. Furthermore, the provider has solidified its ongoing relationship with a prominent football club by renewing a multi-year agreement to continue serving as its official foreign exchange and international payments partner.
The provider has been delivering a variety of foreign exchange payment services to the sailing league since 2019. Under the new contract, the league and its partners will continue leveraging the provider’s global payments platform and currency risk management capabilities, ensuring smooth international transactions as the league expands globally.
One of the key figures in the organization expressed enthusiasm about the ongoing partnership, highlighting their commitment to supporting the league’s foreign exchange payment requirements as it grows its presence and influence worldwide.
In the larger context, a trend has emerged where sports organizations are increasingly collaborating with fintech companies to secure effective foreign exchange and international payment solutions. For instance, another fintech firm has initiated a five-year partnership with a Belgian football club, designating itself as the official foreign exchange and multi-currency partner.
Moreover, a fintech company has made its entrance into women’s football by partnering with a well-known women’s team, aiming to provide various financial services while also presenting branding opportunities. Other fintech organizations have similarly engaged with sports teams, establishing relationships that foster financial support in various leagues.
One particular payments provider is maintaining its partnership with a football club, offering vital financial backing even as the club navigates challenges, including a drop from the premier league. Examples of similar collaborations include another fintech sponsoring an English club as its official finance software partner and a provider expanding its partnership with a national football association to manage their international payments and foreign exchange exposure.
Overall, these partnerships underscore the synergy between sports entities and fintech companies, reflecting a growing need for sophisticated financial solutions in the dynamic world of sports.