Visa and Corpay expand partnership to scale Fleet 2.0 payments
The agreement will bring Visa Fleet 2.0 onto Corpay's fleet card processing platform.
Visa and Corpay have announced a strategic partnership to accelerate the rollout of Visa Fleet 2.0 across Europe, building on the companies' existing relationship in fleet and mobility payments.
The agreement will bring Visa Fleet 2.0, described as Visa's next-generation fleet and mobility payments platform, onto Corpay's fleet card processing platform, expanding the suite of payment solutions available to fleet operators, mobility providers and businesses across the region. The open-loop solution is intended to help Corpay pursue new opportunities and geographies in partnership with Visa.
"Together, we have an exciting opportunity to help businesses advance fleet payments through flexible, secure, and data-rich payment experiences that meet the evolving needs of today's mobility ecosystem,” said Lucy Demery, SVP, Head of Visa Commercial Solutions Europe.
Corpay serves more than 800,000 business customers worldwide, offering vehicle payment solutions covering fuel, EV charging, parking, tolls and maintenance.
"Collaboration and partnerships like this are key to opening up new market opportunities across the region," said Alan King, Group President, Vehicle Payments at Corpay.
The companies said the partnership aims to deliver greater flexibility, operational efficiency and future-ready payment experiences for fleet operators and mobility providers.
