Corpay - Partnership with Mastercard Brings Momentum to B2B Payment Specialist!
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Business Driver: Corpay (CPAY) is a provider of digital B2B payment solutions. Their offerings include automated payment processes, corporate credit cards, cross-border payments, currency and risk management, expense reporting, workforce lodging, and fleet solutions, with significant market share gains due to their close collaboration with Mastercard. On November 4, they impressed with an unexpectedly strong result, showing an increase of 14% to $5.70, while the analyst consensus was at $5.64. Subsequently, they also raised their earnings...
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