Corpay Cross-Border

Corpay Cross-Border is the international payments and foreign exchange business of the Corpay group, serving companies, financial institutions and platforms. The parent entity is Corpay, Inc., based in Atlanta at 3280 Peachtree Road.

Services

The company offers international business payments, currency conversion, foreign-exchange risk management and multi-currency accounts, in fiat currencies. Its payment solutions can be embedded into business processes and partner platforms. The brand is also associated with the names Cambridge Mercantile, AFEX, Associated Foreign Exchange, Global Reach and GPS Capital Markets.

Legal entities

The UK electronic money and payments part is served by Cambridge Mercantile Corp. (UK) Limited, which states authorisation by the Financial Conduct Authority under FRN 900702 and company number 05271222; its registered office is 4th Floor, 8-10 Moorgate, London. Investment activity belongs to a separate firm, Cambridge Mercantile Risk Management UK (FRN 596682). Irish services are provided by AFEX Ireland, a payment institution under the Central Bank of Ireland, and Singapore services by AFEX Singapore, a MAS major payment institution (PS20200055).

Who it suits

The offer fits businesses with foreign suppliers or customers. Which entity serves a client depends on the contract and location.