Corpay, a corporate payments provider, has announced an agreement with the International Tennis Federation (ITF) to serve as the Official Foreign Exchange Partner for the ITF and the Davis Cup. This multi-year partnership will enable the ITF to utilize Corpay’s innovative solutions to effectively manage foreign exchange risks in their operations.
The collaboration aims to provide a seamless global payment management platform that simplifies cross-border transactions for the ITF. The resources offered by Corpay are designed to help mitigate currency exposure for the organization and its member nations.
Corpay expressed enthusiasm regarding the partnership, highlighting its commitment to delivering valuable cross-border payment solutions and currency risk management expertise to the ITF and its associated members. The organization’s experience within the sports sector, particularly in tennis, positions it well to cater to the specific needs of the ITF and its partners.
The ITF has welcomed Corpay into its family of official partners, recognizing the substantial benefits that access to Corpay’s foreign exchange services will bring. Both organizations look forward to collaborating at future Davis Cup events to further enhance this partnership and promote tennis on a global scale. This initiative underscores the growing importance of effective financial solutions in sports management, aiming to contribute to the continued global growth of tennis.