Corporate payments group Corpay has agreed partnerships with JP Morgan and blockchain payments firm BVNK to add blockchain-based settlement to its cross-border payments platform, enabling round-the-clock stablecoin and tokenised fiat disbursements for its clients.
The agreements introduce both private and public blockchain capabilities to Corpay’s existing multi-rail network, which already spans SWIFT, its proprietary iACH system and real-time local payment schemes.
JP Morgan’s contribution comes through its Kinexys private blockchain, whilst BVNK provides stablecoin interoperability across select corridors.
Ron Clarke, Chairman and Chief Executive of Corpay, said adding blockchain capabilities allowed the company to “optimise how payments move,” improving speed, flexibility and efficiency for clients worldwide.
Mark Frey, Group President of Corpay Cross-Border Solutions, said the platform was built to route each transaction across whichever rail delivers the best outcome for the client, connecting traditional and digital payment infrastructure within a single integrated system.
The move reflects growing corporate appetite for blockchain-based settlement as an alternative or complement to conventional correspondent banking networks, particularly for cross-border transactions where delays and fragmentation can add cost and friction.
Corpay said it would provide further details on the new capabilities and its cross-border payments business at a dedicated teach-in event scheduled for 13 May 2026.
