Corpay Cross-Border Solutions:
At Corpay, we believe that keeping connected is one of the most important contributing factors to making sure you’re successful in your payments and risk management journey. As such, we'd love to collect your feedback on your onboarding experience with us in this 2-minute survey, as it allows us to improve. Click the icon on the right to start!
New to Corpay? What to expect for your first trade
CORPAY CROSS-BORDER GLOBAL FOOTPRINT
28 offices in twelve countries
Hubs in Toronto, New York, London, and Sydney with Operations Hub in Chennai
What Our Customers Say
“Cambridge Global Payments” and “AFEX” are trading names that may be used for the international payment solutions and risk management solutions provided by certain affiliated entities using the brand “Corpay”. International payment solutions are provided in Australia through Cambridge Mercantile (Australia) Pty. Ltd.; in Canada through Cambridge Mercantile Corp.; in the United Kingdom through Cambridge Mercantile Corp. (UK) Ltd.; in Ireland and the European Economic Area on a cross-border basis through Associated Foreign Exchange Ireland Limited; in the [English Channel island] Bailiwick of Jersey through AFEX Offshore Limited; in Singapore through Associated Foreign Exchange (Singapore) Pte. Ltd. and in the United States through Cambridge Mercantile Corp. (U.S.A.). Risk management solutions are provided in in Australia through Cambridge Mercantile (Australia) Pty. Ltd.; in Canada through Cambridge Mercantile Corp.; in the United Kingdom through Cambridge Mercantile Risk Management (UK) Ltd.; in Ireland and the European Economic Area on a cross-border basis through AFEX Markets Europe Limited; in the [English Channel island] Bailiwick of Jersey through AFEX Offshore Limited; in Singapore through Associated Foreign Exchange (Singapore) Pte. Ltd. and in the United States through Cambridge Mercantile Corp. (U.S.A.). Please refer to http://cross-border.corpay.com/disclaimers for important terms and information regarding this page.
Customer Experience Feedback Survey
Downloadable Documents
Data Privacy and Security
Fraud Awareness
Additional Information
Are you ready for your first-time-trade?
During your onboarding process, your account representative will have helped you set up everything you need for your first-time trade:
1. Your Direct Debit setup
2. Your settlement limit / payment acceptance limit
3. Banking instructions for our bank, should you prefer to wire
You can execute your first trade in a few simple steps - online or with your Corpay contact.
Here’s a quick reference to help you get started:
1. Who are you paying?
It’s that simple!
Your Client Success contact or your dealer is on hand to answer any questions you have on your trade.
If this is the first time you’re using our online platform, please reach out to your Client Success Manager or dealer who can walk you through the steps on the phone.
a. An invoice from a Vendor or other payee: Please make sure you have you provided the invoice and banking details to your dealer, and received a call confirming the details so it can be stored for future use. You can also set the beneficiary up on line
b. Yourself (adding to your FXBalance): just let your dealer know you are buying currency for a future payment, or select it from the dropdown
2. How much are you paying, and at what exchange rate?
a. Confirm the amount of your payment (in your currency or your payee’s)
b. Secure the rate with your dealer by phone or email, or online
3. How are you settling your payment?
a. Direct Debit: let your dealer know, or select that option online
b. By wire: Include your account name and six-digit account number on your bank's instructions
4. Where will you find the payment confirmation?
a. You will receive a confirmation via email or online when your payment has been sent successfully
Get More Information
Are there any Corpay Cross-Border products and/or tools that you would like to receive more information on? Complete our checklist below and we'll reach out to you shortly.
“Cambridge Global Payments” and “AFEX” are trading names that may be used for the international payment solutions and risk management solutions provided by certain affiliated entities using the brand “Corpay”. International payment solutions are provided in Australia through Cambridge Mercantile (Australia) Pty. Ltd.; in Canada through Cambridge Mercantile Corp.; in Switzerland through Associated Foreign Exchange (Schweiz) AG; in the United Kingdom through Cambridge Mercantile Corp. (UK) Ltd.; in Ireland and the European Economic Area on a cross-border basis through Associated Foreign Exchange Ireland Ltd.; in Jersey and the Channel Islands through AFEX Offshore Ltd.; in Singapore through Associated Foreign Exchange (Singapore) Pte. Ltd. and in the United States through Cambridge Mercantile Corp. (U.S.A.). Risk management solutions are provided in in Australia through Cambridge Mercantile (Australia) Pty. Ltd.; in Canada through Cambridge Mercantile Corp.; in the United Kingdom through Cambridge Mercantile Risk Management (UK) Ltd.; in Ireland and the European Economic Area on a cross-border basis through AFEX Markets Europe Ltd.; in Jersey and the Channel Islands through AFEX Offshore Ltd.; in Singapore through Associated Foreign Exchange (Singapore) Pte Ltd. and in the United States through Cambridge Mercantile Corp. (U.S.A.). Please refer to http://cross-border.corpay.com/disclaimers for important terms and information.
INDIA FAQs
Who is Corpay Cross-Border?
Corpay Cross-Border is one of the largest non-bank providers of global payments technology and foreign exchange risk management solutions globally. It is part of the corporate payments portfolio of US-based Corpay (NYSE-CPAY).
The other companies in the corporate payments portfolio include spend management services for enterprise, medium and small businesses; commercial cards for business expenses; and virtual and physical credit and debit cards for expenses and fuel.
Who is Corpay?
Corpay (formerly FLEETCOR Technologies, Inc.) is a leading global business payments company that helps businesses spend less by providing innovative solutions that enable and control expense-related purchasing and payment processes. The Corpay portfolio of brands automate, secure, digitize and manage payment transactions on behalf of businesses across more than 150 countries in North America, Latin America, Europe, and Asia Pacific. For the year ending 31 December 2023, Corpay’s market capitalization stood at US$20.4Billion with revenues of US$3.8B. For more information, please visit www.corpay.com.
Is Corpay Cross-Border a new company?
We are a ‘start-up’ in Chennai, but we have a long heritage! Corpay Cross-Border was launched in 2021 after the merger of Canada-based Cambridge Global Payments (established 1992) and US-based Associated Foreign Exchange (AFEX - established in 1979). Corpay acquired UK-based Global Reach Group in 2023 and integrated it into Corpay Cross-Border.
Corpay Cross-Border today is one of the fastest-growing companies in its category in the world, combining the agility and innovator mindset of a fintech with the stability and depth of a large financial institution.
Why is Corpay coming to India, and why Chennai?
India is one of the fastest-growing economies in the world. Chennai and Tamil Nadu are home to some of the world’s largest Global Capability Centres (GCCs), servicing global companies as well as Indian multinationals.1
More and more companies are taking advantage of India’s expertise in technology innovation and business process capabilities.2 India’s start-up ecosystem is the world’s third largest,3 and home to many tech and fintech startups. While 2023 saw a downturn in investment, some believe 2024 could be a transformational year.4
India has a young, well-educated and technology-savvy workforce, and a growing sector offering sophisticated technology services and innovation:
- India is a magnet for foreign direct investment, estimated at US$71 billion in 2022-23 and expected to grow in 2023-24
- India’s population edged out China’s (November 2023); four times the size of the US population!
- India’s median age is 28.2
- Mobile penetration was estimated at 76.6% in 2022 (650 million users); projected to reach 86.6% by 2026
- Tamil Nadu is a top manufacturing centre in India: with a diversified sector and a leader in many industries, including automobiles and auto parts, textiles, and pharmaceuticals, to name a few
- Tamil Nadu is India’s second largest state economy by GDP5
- Tamil Nadu is described as India’s SaaS capital. Its history as a financial centre dates to 1682, and is rapidly evolving into a Fintech hub6
- Here’s how we came to be:
Corpay by the Numbers
Chennai is the place to be — and Corpay is delighted to be here!
What functions will Corpay India perform?
Corpay India will serve as the Global Capability Centre (GCC) for Corpay Cross-Border worldwide, encompassing business strategy and business intelligence, financial planning and accounting services, data management and analytics, and a technology and innovation hub. Client services include technology and operational functions to ensure a seamless, follow-the-sun capability to support our clients’ success across the globe.
Who is leading Corpay India?
Meet our team leaders here!
Serving as the Managing Director of Corpay India and holding the position of Corpay’s Chief Data & Analytics Officer, is an esteemed leader renowned for his expertise in data analytics. With a tenure spanning over a decade at Corpay Cross-Border, he has been instrumental in driving pivotal initiatives. Recognized as an accomplished leader in financial technology, his proficiency extends across domains including data analytics, financial planning & analytics, mergers and acquisitions, salesforce (CRM), and sales compensation strategies.
Moreover, he spearheads essential growth initiatives in India such as workforce expansion and increases in productivity, and more. Aravind collaborates closely with our parent organization, contributing to diverse initiatives and overseeing financial performance management, thereby cementing his status as a multifaceted leader at the forefront of innovation and strategic direction.
“I came back to India in mid-2022, and after years away was bowled over by the dynamism of the Indian economy-and the quality of the talent. It soon became clear that establishing our global centre of excellence here in Chennai is key to Corpay Cross-Border’s regional and global growth.”
Connect with Aravind on LinkedIn
Aravind Thirunavukkarasu
Presently serving as the Director of Service Hub at Corpay India, joined the team shortly after its inception. With over seventeen years of progressive experience spanning various domains such as technology, digital transformation, engineering, project & program management, as well as strategy and operations, Dheipak brings a wealth of expertise to Corpay.
In his capacity at Corpay, Dheipak assumes leadership in service delivery operations within India and oversees the service center which caters to Corpay's global network.
He boasts extensive experience in spearheading startups from inception to establishing them as self-sustaining models.
With a comprehensive understanding of technology, sales, operations, strategies and HR, Dheipak is a versatile leader committed to driving innovation and operational excellence at Corpay. Adept at internal communication and inter-departmental coordination, Dheipak’s abilities include managing cross-functional teams, as well as planning and implementing technology solutions within time and budget constraints. He deftly integrates company strategies into daily operations to meet objectives, ensuring Corpay will remain at the forefront of industry advancements and service excellence.
“I am thrilled to be a part of the Corpay team. This is a terrific time for a global company to establish itself in India and I’m looking forward to building our team here. The talent, expertise and creativity here in Chennai will drive success for our clients and fuel our growth.”
Dheipak Umashankar
Mark Frey
Group President, Corpay Cross-Border
“Our expansion to Chennai reaffirms our commitment to global excellence and our unwavering belief in the vast potential of the Indian and Asia-Pacific markets. Our hope is that this new office will help our team gain deeper our understanding of India while opening up new avenues for us to attract talented professionals to join our dynamic and forward-thinking organization.”
How many staff does Corpay India have—and are you hiring?
We are actively hiring for a range of positions, including data scientists, business intelligence, and financial and credit analysts. We plan to have thirty to fifty staff members by end of 2024. Our new office, Corpay India Private Limited, on the RMZ Millenia Business Park Phase II Campus 3B in Perungudi Chennai, opened in April 2024.
Please click here (LINK) to explore our open positions or email us at India Recruitment (add email link). We’re looking forward to meeting you!
I’d like to learn more!
Please visit our website or email someone@corpay.com — and please follow us on LinkedIn for the latest news!
Tamil Nadu emerges as prime destination for global capability centres in the logistics sector LogisticsInsider.in, 16 December 2023; More: Fintech companies in Tamil Nadu: Reported by F6S, London-based global start-up network- How India is emerging as the world’s technology and services hub EY: India at 100; 27 January 2023
- India’s start-up ecosystem is the world’s third largest: India Briefing, Investment Outlook for India’s Startup Ecosystem in 2023 28 September 2023
- 2023: A challenging year for Indian start-ups: Startup Outlook India; 20 January 2024
- India.com: The top ten richest Indian states and their GDP (23 February 2024). Also reported by The Economic Times 29 January 2024, quoting CREDAI Tamil Nadu Report)
- Guidance Tamil Nadu (also reported in Hindu Businessline (17 June 2023); subscription may be required)
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