Corpay’s Cross-Border business has announced an agreement with the FIM World Supercross Championship, a premier international stadium supercross racing series, to become its Official Foreign Exchange (FX) Partner. This partnership will enable World Supercross to utilize Corpay Cross-Border’s solutions for mitigating foreign exchange exposure and managing global payments from a single access point.
Brad Loder, Chief Marketing Officer for Corpay Cross-Border Solutions, stated, “The FIM World Supercross Championship is truly a global series focused on bringing the world’s best supercross riders to cities and stadiums across the globe, and we are honoured to be named their Official FX Partner.” Loder added that World Supercross is expected to benefit from Corpay’s FX risk management and cross-border payment solutions, as well as its experience in the sports sector.
Mike Papadimitriou, Chief Financial Officer at Bia Sports Group, commented on the agreement, stating, “Having worked with Corpay for many years previously, I was very happy to bring them on board to the World Supercross family.” Papadimitriou highlighted Corpay’s provision of trust, technology, and efficiency in cross-border payments, aligning with the Championship’s global ambitions. This collaboration is part of a broader engagement, with both parties seeking mutual opportunities across the expanding portfolio of Bia Sports Group companies.
Corpay, Inc. (NYSE: CPAY) is a global S&P500 corporate payments company that offers solutions for managing vehicle-related, travel, and payables expenses. The FIM World Supercross Championship is a global competition led by SX Global, a sports marketing and entertainment entity, and has been exclusively organized and promoted by SX Global since 2022, sanctioned by the Fédération Internationale de Motocyclisme (FIM).
