Corpay, a provider of corporate payments, has secured a multi-year partnership with Major League Soccer (MLS) to become its official foreign exchange (FX) provider. This collaboration will allow MLS to utilize Corpay’s advanced solutions to manage and mitigate foreign exchange risks associated with its daily operations.
Through this agreement, MLS will gain access to Corpay’s Cross-Border platform, streamlining the management of global payments efficiently from one central point. This initiative is aimed at helping the soccer league enhance its foreign currency practices in a more effective manner.
A representative from Corpay expressed gratitude for the opportunity to serve MLS, acknowledging the company’s dedication to supporting the league as well as its corporate partners with comprehensive solutions for cross-border payments and currency risk management. The experience gained in the sports sector is also expected to contribute positively to this partnership.
MLS’s Senior Vice President of Brand Alliances also welcomed Corpay to the organization, highlighting the league’s commitment to the global nature of the sport and the benefits of improved FX efficiency in their operations.
This announcement is timely, as soccer is experiencing a significant growth phase in North America. MLS is celebrating its 30th season, coinciding with several major international soccer events set to take place in the region in the coming years, including the FIFA Club World Cup and the FIFA World Cup in 2026, which will be jointly hosted by the U.S., Canada, and Mexico.
Overall, the partnership aims to provide significant advantages in foreign exchange practices, thereby supporting both the league’s operational needs and its international ventures.