Cornerstone FS plc (LON:CSFS), a foreign exchange and payments solutions company, has signed an agreement with Mastercard to launch a corporate card program.
Under the agreement, Cornerstone will be able to issue commercial cards co-branded and supported by Mastercard for the Group’s corporate customers. The Group expects to launch the corporate card program in the third quarter of 2024.
This represents the execution of the Group’s stated strategy to expand the payment methods offered to customers and to strengthen its capabilities through the creation of partnerships.
James Hickman, CEO of Cornerstone, said:
“We are thrilled to have entered into this long-term agreement with Mastercard, which will expand our product offering to include commercial cards. This additional payment rail will give our customers greater choice and flexibility in managing their business expenses – and is a key step towards our goal of offering our customers the ability to pay or be paid, in any currency, via any payment method anywhere in the world.”