On February 20, 2025, the International Gymnastics Federation (FIG) announced a strategic partnership with Corpay Cross-Border, appointing it as its official provider of foreign exchange payment solutions. This agreement, set to last until the end of 2028, aims to streamline and optimize FIG’s international financial transactions by leveraging Corpay’s innovative solutions to mitigate currency risk and efficiently manage global payments. The collaboration will not only benefit FIG but also its 165 member federations and business partners, providing them with access to advanced cross-border payment management tools.
FIG has expressed its enthusiasm for this partnership, highlighting its potential to simplify foreign currency transactions. CorpayCross-Border, headquartered in Toronto, Canada, is a leader in business payment solutions with a global presence in regions including North America, Europe, the United Kingdom, Singapore, New Zealand, and Australia. This alliance reflects Corpay’s commitment to global expansion and its expertise in the sports sector, making it an ideal partner for FIG in its pursuit of financial efficiency.
A STEP TOWARD EFFICIENCY
The partnership between FIG and Corpay Cross-Border represents a significant step forward in the federation’s financial management. By utilizing Corpay’s solutions, FIG will be able to mitigate currency risk in its daily transactions and manage global payments from a single access point. This will not only simplify its financial operations but also provide greater transparency and efficiency in resource management. The collaboration will also benefit FIG’s national member federations and business partners by offering them access to advanced cross-border payment and currency risk management tools.
The impact of this partnership will go beyond financial optimization, as it will also introduce Corpay’s services into the gymnastics world. This will not only enhance FIG’s operational efficiency but also contribute to its global growth by facilitating safer and more efficient financial transactions. Through this collaboration, Corpay Cross-Border strengthens its position as a leader in business payment solutions, while FIG benefits from Corpay’s expertise and technology to tackle future financial challenges.
