Swimming’s international governing body, FINA, has a announced a multi-year partnership with global leader in business payments, Corpay, making them the official foreign exchange (FX) payments supplier of the governing body.

The deal will see Corpay Cross-Border Group, provide FINA with their FX solutions, which will help their wider community manage currency exposure for international payments.

Additionally, Corpay’s trading platform will create a single point of access for FX transactions across all six of FINA’s disciplines.

Commenting on the partnership, FINA president, Captain Husain Al-Musallam, said: “We are very excited to have Corpay Cross-Border join the FINA family at such an exciting time for the Federation.”

“With more than seventy international events annually, this collaboration is certain to help drive financial efficiencies with the multiple foreign currency transactions we undertake with our event hosts, member federations and partners on an annual basis,” he said.

Corpay president, Mark Frey, added: “Corpay Cross-Border is very honoured to join the FINA family as their Official FX Payments Supplier.”

“I am confident that FINA and the broader FINA Family will benefit from access to our comprehensive cross-border payments and FX risk management solutions, along with our payments experience gained within the world of sports.

“We look forward to helping them power their global payments and execute their plans to manage their currency risk for many years to come,” he said.

The announcement comes after FINA voted to restrict transgender athletes from competing in women’s elite competitions.