{"id":934098,"date":"2026-02-04T13:44:59","date_gmt":"2026-02-04T18:44:59","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/corpay-announces-agreement-to-sell-non-core-vehicle-payments-asset\/"},"modified":"2026-02-04T13:44:59","modified_gmt":"2026-02-04T18:44:59","slug":"corpay-announces-agreement-to-sell-non-core-vehicle-payments-asset","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/corpay-announces-agreement-to-sell-non-core-vehicle-payments-asset\/","title":{"rendered":"Corpay Announces Agreement to Sell Non-Core Vehicle Payments Asset"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Corpay Announces Agreement to Sell Non-Core Vehicle Payments Asset<\/b><\/p>\n<p class=\"bwalignc\"><i>Transaction Signals Continued Rotation to Corporate Payments<\/i><\/p>\n<p>ATLANTA&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCorpay, Inc. (NYSE: CPAY), the corporate payments company, announced that it has signed a definitive agreement to sell PayByPhone, a mobile parking payments business, to Lightyear Capital.<\/p>\n<p>\n\u201cWe\u2019ve agreed to terms to divest our PayByPhone business, and hope that PBP will prosper under Lightyear\u2019s ownership,\u201d said Ron Clarke, Chairman and CEO of Corpay. \u201cThe transaction is another step to simplify our portfolio, and speed our rotation to more corporate payments.\u201d<\/p>\n<p>\nThe transaction is not expected to have a material impact on Corpay\u2019s 2026 Cash EPS outlook. Additional information on the financial impact of the sale will be provided during the company\u2019s fourth quarter earnings call later today.<\/p>\n<p>\nThe transaction is expected to close in the second quarter of 2026.<\/p>\n<p>\nDeutsche Bank acted as financial advisor to Corpay, and Jones Day acted as legal counsel to Corpay.<\/p>\n<p><b>About Corpay<\/b><\/p>\n<p>\nCorpay (NYSE: CPAY), the Corporate Payments Company, is a global S&amp;P 500 provider of commercial cards (e.g, business cards, fleet cards, virtual cards) and AP modernization solutions (e.g., invoice and payments automation, cross border payments) to businesses worldwide. Corpay solutions \u201ckeep business moving\u201d and result in our customers better controlling purchases, mitigating fraud, and ultimately spending less. To learn more visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.corpay.com&amp;esheet=54413719&amp;newsitemid=20260204689731&amp;lan=en-US&amp;anchor=www.corpay.com&amp;index=1&amp;md5=46b61bb89080ada6c608a5d272b3c24a\">www.corpay.com<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260204689731r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260204689731\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260204689731\/en\/<\/a><\/span><\/p>\n<p>\nCorpay Investor Relations<br \/>\n<br \/>Jim Eglseder<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Jim.Eglseder@corpay.com\">Jim.Eglseder@corpay.com<br \/>\n<\/a><br \/>770-417-4697<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Georgia<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Apps\/Applications Technology Payments Finance Fintech Professional Services Software Data Management Other Professional Services<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260204689731\/en\/2105322\/3\/Corpay_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Corpay Announces Agreement to Sell Non-Core Vehicle Payments Asset Transaction Signals Continued Rotation to Corporate Payments ATLANTA&#8211;(BUSINESS WIRE)&#8211; Corpay, Inc. (NYSE: CPAY), the corporate payments company, announced that it has signed a definitive agreement to sell PayByPhone, a mobile parking payments business, to Lightyear Capital. \u201cWe\u2019ve agreed to terms to divest our PayByPhone business, and hope that PBP will prosper under Lightyear\u2019s ownership,\u201d said Ron Clarke, Chairman and CEO of Corpay. \u201cThe transaction is another step to simplify our portfolio, and speed our rotation to more corporate payments.\u201d The transaction is not expected to have a material impact on Corpay\u2019s 2026 Cash EPS outlook. Additional information on the financial impact of the sale will be provided during the company\u2019s fourth &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/corpay-announces-agreement-to-sell-non-core-vehicle-payments-asset\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Corpay Announces Agreement to Sell Non-Core Vehicle Payments Asset&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-934098","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Corpay Announces Agreement to Sell Non-Core Vehicle Payments Asset - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/corpay-announces-agreement-to-sell-non-core-vehicle-payments-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Corpay Announces Agreement to Sell Non-Core Vehicle Payments Asset - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Corpay Announces Agreement to Sell Non-Core Vehicle Payments Asset Transaction Signals Continued Rotation to Corporate Payments ATLANTA&#8211;(BUSINESS WIRE)&#8211; Corpay, Inc. (NYSE: CPAY), the corporate payments company, announced that it has signed a definitive agreement to sell PayByPhone, a mobile parking payments business, to Lightyear Capital. \u201cWe\u2019ve agreed to terms to divest our PayByPhone business, and hope that PBP will prosper under Lightyear\u2019s ownership,\u201d said Ron Clarke, Chairman and CEO of Corpay. \u201cThe transaction is another step to simplify our portfolio, and speed our rotation to more corporate payments.\u201d The transaction is not expected to have a material impact on Corpay\u2019s 2026 Cash EPS outlook. 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