The Fédération Internationale de Natation (FINA) and Corpay have announced a partnership which sees the business payments group provide its foreign exchange solutions to FINA.
The deal was announced on the occasion of the 19th FINA World Championships Budapest 2022, and FINA will gain access to Corpay’s innovative foreign exchange solutions to help manage currency exposure for international payments.
Additionally, Corpay’s Cross-Border trading platform will enable the organisation to manage global foreign exchange payments from ‘one single point of access’.
FINA President, Captain Husain Al-Musallam, expressed his confidence in the partnership with Corpay, stating: “We are very excited to have Corpay Cross-Border join the FINA family at such an exciting time for the Federation.
“With more than seventy international events annually, this collaboration is certain to help drive financial efficiencies with the multiple foreign currency transactions we undertake with our event hosts, member federations and partners on an annual basis.”
As the global governing body of six aquatic disciplines – Swimming, Water Polo, Diving, High Diving, Artistic Swimming and Open Water Swimming – the deal looks to create ‘valuable opportunities for the aquatic community, event hosts and FINA partners providing international payments and foreign exchange solutions and capabilities.
“Corpay Cross-Border is very honoured to join the FINA family as their Official FX Payments Supplier,” added Corpay Cross-Border President, Mark Frey. “I am confident that FINA and the broader FINA Family will benefit from access to our comprehensive cross-border payments and FX risk management solutions, along with our payments experience gained within the world of sports.”
“We look forward to helping them power their global payments and execute their plans to manage their currency risk for many years to come.”