FLEETCOR brand and business payments firm, Corpay, has announced its cross-border payments arm has partnered with Singapore and Dubai-based fintech, Triterras, to provide members with foreign currency exchange solutions.

The partnership will allow Triterras members – mostly micro, small and medium enterprises (MSMEs) – and users of its Kratos platform to manage global payments from a single platform and navigate their exposure to foreign currencies and exchanges.

“We’re very excited to onboard Triterras as a new customer, as well as our new partner,” said Corpay Cross-Border managing director, APAC, David Britten.

“I am confident that both Triterras and Kratos platform members looking to better streamline their payments processes and effectively manage their FX exposure will benefit from access to our comprehensive cross-border payments and currency risk management solutions.

“Our team in APAC looks forward to helping these enterprises power their cross-border payments, execute plans to manage their currency risk and support their aspirations to grow their businesses globally.”

New customers of Corpay Cross-Border will also be subject to its onboarding process, which includes due diligence checks and know your client (KYC) processes.

“We’re always looking for ways to fortify our Kratos platform to potentially save our clients time and money,”  said Srinivas Koneru, founder and chief executive of Triterras.

“Corpay offers Kratos – as well as Triterras – world-class payments and foreign exchange hedging solutions that give MSMEs a competitive edge and keep their businesses safe.

“We’re extremely glad to have a relationship and collaborate with Corpay to help make MSMEs run smarter across their daily trading operations.”