
Currency conversion and the hidden costs of global trade
The aim of this white paper is to produce a comprehensive picture of the cost of moving money across borders, especially on smaller transactions.
Corpay is a leading global payments provider for businesses. Our comprehensive cross-border payments and currency risk management solutions provide our customers with the power to efficiently move money across borders.
Global businesses trust Corpay to power their international payments, execute plans to manage their currency risk and support their growth around the world. We aim to deliver unmatched service and expertise with respect to moving money globally. Utilising our proprietary payment automation technology and currency risk mitigation solutions, we take pride in connecting companies large and small with the global financial markets and businesses all over the world. We partner with more than 100 correspondent banks and counterparty trading institutions in six continents comprising a vast and efficient network of payment gateways and in-country processing networks. We make payments globally, leveraging local relationships.
You can feel confident working with Corpay, as we are backed by our parent company FLEETCOR Technologies, Inc. (NYSE:FLT), a leading global business payments company based in Atlanta, Georgia, US. FLEETCOR is a Fortune 1000 firm, an S&P 500 member and has $2.4bn in annual revenue with a market capitalisation of $23bn (as of 31 December 2020).
The aim of this white paper is to produce a comprehensive picture of the cost of moving money across borders, especially on smaller transactions.
Do you want to maximise the efficiency of your payments operation? This guide will help you evaluate and streamline your cross-border payments processes and costs.
Businesses looking to embark on foreign exchange hedging can use this guide to understand their own business requirements, review the different types of FX hedging products available and understand how these products can be used as part of a robust hedging strategy.
In the current environment of economic and political uncertainty, how can an organisation improve efficiencies in executing cross-border payments? Why would efficiency in this task matter?
In the wake of an unprecedented period for economies and enterprises globally, Corpay Cross-Border Solutions president Mark Frey discusses the challenges businesses face in managing cross-border transactions and currency risk, as well as the opportunities to be gleaned from harnessing digital solutions.
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