Corpay Partners With BVNK To Add Stablecoin Wallets

Hey Payments Fanatic!

Corpay has partnered with BVNK, the stablecoin infrastructure platform, to bring stablecoin wallets and settlement capabilities to its global corporate customer base. 

The integration embeds stablecoin balances directly alongside fiat within Corpay's platform, letting businesses send, receive, store, and convert stablecoins without leaving their existing payments environment.

And yes, this is the same BVNK that Mastercard agreed to acquire for up to $1.8 billion back in March. That's not a coincidence, so let's connect the dots.

In April 2025, Mastercard became a minority investor in Corpay's cross-border business, and Corpay became the exclusive provider of large-ticket cross-border payment solutions to Mastercard's financial institution customers. The investment was $300 million for a ~3% equity stake.

Two months ago, Mastercard announced an agreement to acquire BVNK for up to $1.8 billion, with the goal of connecting on-chain payments with its global fiat rails. Notably, this made Mastercard the first large publicly listed traditional payments firm to use M&A to enter the stablecoin infrastructure market.

In short: Mastercard is quietly stitching together a next-generation cross-border payments stack, with Corpay handling B2B fiat FX at the top end, and BVNK adding stablecoin rails underneath. The Corpay–BVNK partnership is the last piece that closes the triangle, and Mastercard sits at the center of it all.

Keep scrolling to see what else is shaking up the payments world. 👇 Catch you in tomorrow's edition!

Cheers,

Marcel

INSIGHTS

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NEWS

➡️ Reduce checkout friction. Recover more revenue with Ecommpay.  Ecommpay and Mastercard will host a live webinar on 14 May 2026 exploring how Click to Pay can reduce checkout friction, improve conversion rates, and strengthen payment approvals. The session will feature insights from travel merchant Turquoise Holidays alongside a live demo of the checkout experience. Register here

🇸🇾 Syria returns to the global payments network via Mastercard after 15 years hiatus. This step enables point-of-sale transactions using internationally issued Mastercard cards, enhancing the readiness of Syria’s digital payments infrastructure and supporting efforts to modernize the financial and banking sector in line with the requirements of the global digital economy.

🇦🇿 Innovation and Digital Development Agency and Mastercard partner to strengthen cybersecurity capabilities in Azerbaijan. The partnership delivers a structured regional cybersecurity program designed to support resilience, skills development, and cross‑institution cooperation across Azerbaijan and the wider CIS region.

🇬🇧 Butterfield and Mastercard partner with SailGP for Bermuda return. The collaboration will enhance the fan experience with exclusive discounts and on-site payment benefits during the race weekend in Bermuda. Read more

🇺🇸 Corpay partners with BVNK to add stablecoin wallets for global customers. The integration will enable Corpay’s customers to see a stablecoin balance alongside their fiat balances, and provide customers with embedded stablecoin wallets for sending, receiving, storing, and converting stablecoins within its platform.

🇺🇸 Wise moves primary listing to the United States, while maintaining a secondary listing on the London Stock Exchange. The FinTech said the move will increase its visibility in the US market and support its ambition to expand its global money transfer network.

🇺🇸 Circle has launched Circle Agent Stack, a suite of tools and services designed to help AI agents hold assets, discover services, and transact autonomously using USDC across blockchain networks. The platform includes Agent Wallets, a marketplace, and nanopayment capabilities, supporting the growing role of AI agents in the digital economy.

🇪🇬 Egypt's BNPL player Valu secures SME financing license. The move is aimed at addressing persistent funding gaps in Egypt’s SME sector, where limited access to formal credit continues to constrain growth, particularly for working capital and expansion needs.

🇺🇸 Tabski appoints Visa Veteran Ninad Narkhede as Chief Platform Officer and expands the platform to build real-time financial infrastructure. In his new role, he will help build real-time financial infrastructure for hospitality and multi-vendor commerce environments. The move reflects Tabski’s strategy to modernize fragmented payment and operational systems.

🇦🇪 iSwiss Pay eyes UAE expansion following US market entry, aiming to strengthen cross-border payment connections between Europe, the United States, and the Gulf region. The Swiss FinTech is focused on simplifying international transfers and multi-currency financial services as demand for faster global payment infrastructure continues to grow.

🇧🇷 Boku launches fully regulated payments in Brazil after securing a payment institution licence and Central Bank clearance. The licence enables global merchants to access one of the world’s largest real-time payments markets. The company plans to expand its Pix capabilities with recurring payments and seamless checkout features to support next-generation digital commerce.

🇺🇸 Brazil’s Mastercard rival Elo taps Bank of America and other banks for US IPO. The plan signals that Brazil’s IPO market could be gaining some momentum after ending a five-year drought earlier this year. Public offerings had been on hiatus amid high interest rates that caused outflows from Brazilian stocks.

🇬🇧 Paymentology has unveiled a new brand identity centered around its “Unstoppable Starts Here” vision, highlighting its evolution into a global payments platform focused on long-term client growth. The company also introduced “Lume,” the new name for its platform. 

🇰🇷 Toss Bank gains treasury agent status to handle tax refund payments, allowing the internet bank to expand government treasury refund payment services. Treasury refund services enable customers to receive payments from government agencies, including national tax refunds, directly into their bank accounts. 

🇺🇸 Seattle Seahawks and PayPal announce PayPal as the team's Official Fan-to-Fan Payments & Exclusive Digital Ticket Payment Processing Partner. As part of this deal, PayPal will also become the new presenting partner of the Seahawks Gameday Experience Program, which gives fans access to exclusive opportunities.

🇺🇸 MoonPay acquires Dawn Labs and launches AI trading agent Dawn CLI. The move expands MoonPay’s push into AI-native financial infrastructure, combining autonomous trading, stablecoin payments, and programmable finance capabilities.

GOLDEN NUGGET

𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐄𝐮𝐫𝐨𝐩𝐞'𝐬 🇪🇺 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 — the local card networks, payment methods and payment providers by Payplug 👇Created by Arthur Bedel 💳 ♻️

LATAM yesterday, Europe today. We all know this: Europe is not a single payment market — it's a patchwork of local card schemes, payment methods, and region-specific consumer habits. Operating across borders means adapting to how people actually pay in each country, not assuming a single checkout experience works everywhere.

𝐄𝐱𝐚𝐦𝐩𝐥𝐞𝐬 𝐛𝐲 𝐂𝐨𝐮𝐧𝐭𝐫𝐲

🇫🇷 France → GIE Cartes Bancaires (CB) is the national card scheme, co-badged with Visa or Mastercard. CB accounts for the majority of French card transactions — over 70%+ of all card spending flows through CB rails.

🇩🇪 Germany → girocard is the leading debit scheme, particularly in-store, supported increasingly by co-badging and digital wallets.

🇮🇹 Italy → BANCOMAT (national debit) + MyBank Payments for A2A e-commerce.

🇪🇸 Spain → Bizum has become the de facto P2P + increasingly e-commerce checkout option with Getnet having a strong presence as a local PSP.

🇧🇪 Belgium → Bancontact Company → soon Wero (EPI Company)

🇳🇱 Netherlands → iDEAL dominates online payments with direct bank transfers → soon Wero (EPI Company)

🇵🇱 Poland → BLIK is the rising instant payments ecosystem powering e-commerce and offline QR.

🇬🇧 UK → Faster Payments Scheme Limited and a competitive PSP ecosystem led by Checkout.com, Adyen, and PayPal.

🇵🇹 Portugal → Punto de Pago Multibanco remains the core national interbank payment network.

🌐 Nordics → strong national rails + local wallets and bank-based payments -> Vipps in Norway.

𝐖𝐡𝐲 𝐋𝐨𝐜𝐚𝐥 𝐑𝐚𝐢𝐥𝐬 𝐌𝐚𝐭𝐭𝐞𝐫 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞

→ Consumer Trust & Familiarity

Payment behavior is cultural. People trust what they use daily.

→ Cost Efficiency

Local schemes often carry lower interchange and processing fees than international networks — improving margins at scale.

→ Authorization Rates

Payments routed through domestic networks typically perform better — especially for recurring billing and card-on-file use cases.

→ Compliance & Regulation

Europe is deeply influenced by PSD2, SCA, and national banking frameworks. Local schemes are already integrated into regulatory norms.

𝐀 𝐅𝐫𝐞𝐧𝐜𝐡 𝐃𝐨𝐮𝐛𝐥𝐞 𝐂𝐥𝐢𝐜𝐤 🇫🇷 - GIE Cartes Bancaires (CB) in France

CB is not just another card logo — it is the backbone of French card payments.

Every CB card is co-badged (CB + Visa or CB + Mastercard), meaning:

• Domestic transactions route via CB rails → lower cost, higher approval rates

• International transactions route via Visa/Mastercard

Best performance in 🇫🇷 market → Payplug

For merchants selling in France, supporting CB is not optional — it is a prerequisite.

Global scale requires local depth.

Source: Payplug

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