09:35 AM EDT, 04/29/2025 (MT Newswires) -- Mastercard ( MA ) will take a roughly 3% stake in Corpay's ( CPAY ) cross-border business under their expanded partnership, the companies said Tuesday.

Mastercard's ( MA ) $300 million investment in the unit represents an enterprise valuation of $10.7 billion, according to the companies.

They said that under their partnership, Corpay ( CPAY ) will be the exclusive provider of currency risk management and integrated large-ticket cross-border payments offerings to Mastercard's ( MA ) financial institution customers.

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