💨 Abstract

Corpay, a business payments firm based in Atlanta, Georgia, reported a 6% increase in its third-quarter adjusted profit. This growth was driven by a 25% jump in the corporate payments segment and a 1% increase in the vehicle payments segment. Strong corporate spending and a soft economic outlook contributed to the positive results, despite lower fuel prices compared to last year.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖