Corpay Completes Cross-Border Payments Acquisition
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Corpay, Inc. (NYSE: CPAY) has completed the acquisition of GPS Capital Markets, LLC, enhancing its cross-border payment solutions. This acquisition, along with the previous addition of Paymerang, is expected to boost Corpay's Corporate Payments business revenue to over $1.5 billion by 2025.
December 02, 2024 | 9:30 pm
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Corpay has completed its acquisition of GPS Capital Markets, which is expected to significantly enhance its cross-border payment solutions and contribute to a projected revenue of over $1.5 billion by 2025.
The acquisition of GPS Capital Markets is a strategic move for Corpay, enhancing its cross-border payment capabilities. This is expected to drive significant revenue growth, with projections exceeding $1.5 billion by 2025. Such growth prospects are likely to positively impact CPAY's stock price in the short term.
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