{"id":949101,"date":"2026-04-06T08:42:35","date_gmt":"2026-04-06T12:42:35","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/corpay-completes-sale-of-vehicle-payments-asset\/"},"modified":"2026-04-06T08:42:35","modified_gmt":"2026-04-06T12:42:35","slug":"corpay-completes-sale-of-vehicle-payments-asset","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/corpay-completes-sale-of-vehicle-payments-asset\/","title":{"rendered":"Corpay Completes Sale of Vehicle Payments Asset"},"content":{"rendered":"

<\/p>\n

Corpay Completes Sale of Vehicle Payments Asset<\/b><\/p>\n

Transaction Furthers Rotation to Corporate Payments<\/i><\/p>\n

ATLANTA–(BUSINESS WIRE<\/a>)–
\nCorpay, Inc. (NYSE: CPAY), the corporate payments company, today announced it has completed the sale of PayByPhone, its mobile parking payments business, to Lightyear Capital.<\/p>\n

\n\u201cWe\u2019ve completed the sale of our PayByPhone business,\u201d said Ron Clarke, Chairman and CEO of Corpay. \u201cThe transaction simplifies our portfolio and furthers our rotation to corporate payments.\u201d<\/p>\n

\nThe transaction is expected to reduce Corpay\u2019s rest-of-year 2026 revenues by approximately $75 million relative to the company\u2019s February guidance. The divestiture is expected to be neutral to Corpay\u2019s 2026 Cash EPS outlook, as Corpay intends to use the cash proceeds for share repurchases. The company continues to expect organic revenue growth of 10% in 2026, inclusive of the impact of this transaction.<\/p>\n

About Corpay<\/b><\/p>\n

\nCorpay (NYSE: CPAY), the Corporate Payments Company, is a global S&P 500 provider of commercial cards (e.g, spend management, fleet cards, virtual cards) AP modernization solutions (e.g., invoice and payments automation), and cross-border services (mass payments, risk management solutions and global bank accounts) to businesses worldwide. Corpay solutions \u201ckeep business moving\u201d and result in our customers better controlling business expenses, mitigating fraud, and ultimately spending less. To learn more, visit www.corpay.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260406614294\/en\/<\/a><\/span><\/p>\n

\nCorpay Investor Relations
\n
Jim Eglseder
\n
Jim.Eglseder@corpay.com
\n<\/a>
770-417-4697<\/p>\n

KEYWORDS:<\/b> Georgia United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Software Payments Finance Banking Professional Services Technology Apps\/Applications Fintech<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Corpay Completes Sale of Vehicle Payments Asset Transaction Furthers Rotation to Corporate Payments ATLANTA–(BUSINESS WIRE)– Corpay, Inc. (NYSE: CPAY), the corporate payments company, today announced it has completed the sale of PayByPhone, its mobile parking payments business, to Lightyear Capital. \u201cWe\u2019ve completed the sale of our PayByPhone business,\u201d said Ron Clarke, Chairman and CEO of Corpay. \u201cThe transaction simplifies our portfolio and furthers our rotation to corporate payments.\u201d The transaction is expected to reduce Corpay\u2019s rest-of-year 2026 revenues by approximately $75 million relative to the company\u2019s February guidance. The divestiture is expected to be neutral to Corpay\u2019s 2026 Cash EPS outlook, as Corpay intends to use the cash proceeds for share repurchases. The company continues to expect organic revenue growth … <\/p>\n

Continue reading “Corpay Completes Sale of Vehicle Payments Asset”<\/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-949101","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCorpay Completes Sale of 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-completes-sale-of-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 Completes Sale of Vehicle Payments Asset - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Corpay Completes Sale of Vehicle Payments Asset Transaction Furthers Rotation to Corporate Payments ATLANTA–(BUSINESS WIRE)– Corpay, Inc. (NYSE: CPAY), the corporate payments company, today announced it has completed the sale of PayByPhone, its mobile parking payments business, to Lightyear Capital. \u201cWe\u2019ve completed the sale of our PayByPhone business,\u201d said Ron Clarke, Chairman and CEO of Corpay. \u201cThe transaction simplifies our portfolio and furthers our rotation to corporate payments.\u201d The transaction is expected to reduce Corpay\u2019s rest-of-year 2026 revenues by approximately $75 million relative to the company\u2019s February guidance. The divestiture is expected to be neutral to Corpay\u2019s 2026 Cash EPS outlook, as Corpay intends to use the cash proceeds for share repurchases. 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