Global Corporate Payments Firm Corpay Expands to New Zealand With a New Office in Auckland
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Corpay, a corporate payments company with a global reach, recently announced the launch of its new office in Auckland, New Zealand. The new office will help the firm establish a foothold in the country and cement its presence in the Asia-Pacific (APAC) zone.
Corpay Enters The New Zealand Market
Despite its already massive reach, the expansion into New Zealand is a big step for Corpay. The company’s clients will be able to access its full suite of cross-border payment products, as well as currency risk management solutions, global payments solutions, and more.
Commenting on the move, Corpay Cross-Border Solutions’ Managing Director for the APAC region, David Britten, said that the decision to enter the New Zealand market underscores the firm’s commitment to prioritizing its current and future customers.
https://x.com/garychang86/status/1802949264852594984
“While we may not be the first player in the New Zealand market, our years of experience collaborating with our clients in Australia enable us to provide tailored services that suit their needs,” he added.
Right now, Corpay is recruiting local talent in New Zealand, seeking experienced professionals to join its growing team. Its Group President, Mark Frey, stated that the company sees tremendous potential in New Zealand and it is excited to bring its industry-leading services to the local organizations.
He added that Corpay always worked closely with its clients to make sure they were involved in the products and solutions that the firm was developing.
Corpay Has Been Making Numerous Strategic Moves To Expand Its Presence
Corpay’s expansion into New Zealand is only the latest strategic move in a long series that the firm has made over the years, all with the goal of strengthening its position as the leader in corporate payments on a global level. Before this, the payments provider announced its acquisition of Paymerang back in May.
Paymerang is another corporate payments firm that allows the processing of around $120 billion worth of transactions per year.
Corpay actually rebranded only a few months ago, in March. Formerly, it was known as FLEETCOR Technologies, but it decided to rebrand in order to better align with its focus on providing corporate payment solutions.
In the meantime, the firm has been forging partnerships all over the fintech sector. At the start of the year, it became the official foreign exchange partner for Cricket Ireland, and before that, it established itself as a major player in football sports arenas by providing solutions to clubs like Aston Villa and AC Milan.
It even collaborated with Sila Inc. to offer customers access to various cross-border payment capabilities across 100 countries, and the ability to reach various currencies.
