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WEX Provides Virtual Payment Solution for Australian Travel Market
Online Travel Agency Webjet
Unveiled as First Australian Customer
Maine--(BUSINESS WIRE)--Jun. 12, 2013-- WEX Inc.
(NYSE: 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
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
Earn revenue share on processed
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. (NYSE: 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.
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
Source: WEX Inc.
News media contact:
Jessica Roy, 207-523-6763
Investor relations contact:
Michael E. Thomas, 207-523-6743