Corpay named World Table Tennis’ official Global FX Payments Supplier

Brad Loder, Vice President, Cross-Border Marketing, Corpay Cross-Border Solutions
Brad Loder, Vice President Cross-Border Marketing, Corpay Cross-Border Solutions

Corpay, a FLEETCOR® brand and global player in business payments, announced that Corpay’s Cross-Border business has entered into an agreement with World Table Tennis Pte. Ltd. (World Table Tennis) to become their official Global FX Payments Supplier in 2023.

What does this mean for World Table Tennis?

World Table Tennis and all the stakeholders of its series of events, including their players and business partner network, will be able to gain access to and utilise Corpay’s innovative solutions to help mitigate their foreign exchange exposure risks. Corpay Cross-Border’s platform will enable eligible firms to manage their payments from a single point of access.

“Corpay is honoured to be named the official Global FX Payments Supplier for World Table Tennis. I am confident that World Table Tennis, the players and their business partner network will benefit from our comprehensive cross-border payments and FX risk management solutions, along with benefit from our payments experience gained within the world of sports,” said Brad Loder, VP, Cross-Border Marketing, Corpay Cross-Border Solutions.

Why is this a timely partnership?

Michael Brown, World Table Tennis Chief Financial Officer, commented, “In 2022, World Table Tennis has disbursed over $6m in prize money, processed more than 3,000 individual transactions, to over 80 different territories around the world. This was a record year, and we expect the prize money purse to continue to grow in the coming years, and likely to have doubled again by 2024. World Table Tennis has placed the athletes at the heart of its events.”

“Therefore, it is crucial to ensure we have partners, such as Corpay, to help ensure they receive their prize money as easily as possible,” Michael Brown further commented.

Kimberly Koh, World Table Tennis Partnerships Director, said, “We are delighted to welcome Corpay, a global leader in business payments, as World Table Tennis’s official Global FX Payments Supplier. As World Table Tennis continues to grow since its 2021 launch, Corpay will provide innovative payment services, playing a huge role in the transformation of the sport.”

“We look forward to introducing Corpay through our corporate hospitality and business partner network and continuing to grow this partnership in the longer term,” Koh concluded.