WEX Provides Virtual Payment Solution for Australian Travel Market

Business Wirevia The Motley Fool
Updated

WEX Provides Virtual Payment Solution for Australian Travel Market

Online Travel Agency Webjet Unveiled as First Australian Customer

SOUTH PORTLAND, Maine--(BUSINESS WIRE)-- WEX Inc. (NYS: WEX) , a leading provider of corporate payment solutions, today announced it is working with Webjet as the launch customer for the WEX Travel solution in Australia. The online travel agency has successfully implemented the solution through WEX subsidiary, Wright Express Australia, and continues to expand the program to meet its global travel payment needs including settlement in eight currencies.


The Webjet adoption of the WEX Travel solution builds on WEX's entrance into the Australian market and expands upon the success of the WEX Travel product in the United States, United Kingdom, Europe and Brazil.

"With top global online travel agencies now using WEX's single use virtual accounts solution, it was fitting that the company's first customer in Australia was one of the country's largest online travel agencies," said Greg Drumm, managing director Asia Pacific, Wright Express Australia. "WEX's market-leading technology enables Webjet to enhance revenue, cut costs and increase efficiencies," Drumm said.

The WEX Travel product provides businesses with the ability to:

  • Use single use virtual cards for travel booking

  • Reduce costs and increase efficiency

  • Streamline payment reconciliation

  • Earn revenue share on processed payments

  • Pay global suppliers securely with customized controls

  • Seamlessly integrate with existing systems to support high volume operational environments

"The WEX Travel product provides a flexible, reliable and efficient method of paying suppliers," said John Guscic, Webjet Managing Director. "As a leader in online travel tools and technologies, Webjet is always looking to adopt innovative solutions that advance our business. WEX offers proven technology and an unrivalled level of expertise and customer service."

About WEX Inc.
WEX Inc. (NYS: WEX) is a leading provider of corporate payment solutions. From its roots in fleet card payments beginning in 1983, WEX has expanded the scope of its business into a multi-channel provider of corporate payment solutions representing more than 7.6 million cardholders and offering exceptional payment security and control across a wide spectrum of business sectors. The Company's operations include WEX Bank, Fleet One, Pacific Pride, rapid! PayCard, Wright Express Australia, Wright Express New Zealand, and CorporatePay Limited, England, as well as a majority equity position in UNIK S.A., Brazil. WEX and its subsidiaries employ more than 1,300 associates.

About Webjet
Webjet is one of Australia (www.webjet.com.au) and New Zealand's (www.webjet.co.nz) largest online travel agencies. Leading the way in online travel tools and technologies, Webjet enables customers to search, compare and book the best domestic and international flight deals, travel insurance, car hire and hotel accommodation.



WEX Inc.
News media contact:
Jessica Roy, 207-523-6763
Jessica.Roy@wexinc.com
or
Investor relations contact:
Michael E. Thomas, 207-523-6743
Michael.Thomas@wexinc.com

KEYWORDS: Australia United States North America Australia/Oceania Maine

INDUSTRY KEYWORDS:

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