MELBOURNE, Australia--(BUSINESS WIRE)--May 16, 2017--
WEX Card Australia Pty Ltd, a subsidiary of WEX
Inc. (NYSE: WEX), a leading provider of corporate payment solutions,
today announced that it has signed two significant agreements with
Chevron International Pte. Ltd.
Chevron, a leading global integrated energy company, has selected WEX to
develop, support and manage a fuel card processing platform for Chevron
in 5 countries namely, Singapore, Hong Kong, Malaysia, Thailand and the
Philippines. The second pillar of the deal includes an agreement to
process Chevron’s fuel cards over the next 10 years.
“These agreements are testament to the capability of the WEX business in
the Asia Pacific region. Increasingly we are seeing that WEX is the fuel
card provider of choice for the major fuel companies in the region,”
said George Hogan, WEX International Senior Vice President. “This
agreement demonstrates that we are able to deliver complex projects and
leading solutions for our partners to allow them to concentrate on their
core function of getting fuel to their customers.”
While WEX has already been growing its footprint in Asia, this new deal
represents its expansion into three additional countries in the region
for the fuel arm of the business specifically Malaysia, Thailand and the
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 10 million vehicles
and offering exceptional payment security and control across a wide
spectrum of business sectors. WEX serves a global set of customers and
partners through its operations around the world, with offices in the
United States, Australia, New Zealand, Brazil, the United Kingdom,
Italy, France, Germany, Norway, and Singapore. WEX and its subsidiaries
employ more than 2,700 associates. The Company has been publicly traded
since 2005, and is listed on the New York Stock Exchange under the
ticker symbol "WEX." For more information, visit www.wexinc.com
and follow WEX on Twitter at @WEXIncNews.
For more information about WEX Australia, please visit www.wexaustralia.com.
Chevron Corporation is one of the world's leading integrated energy
companies. Through its subsidiaries that conduct business worldwide, the
company is involved in virtually every facet of the energy industry.
Chevron explores for, produces and transports crude oil and natural gas;
refines, markets and distributes transportation fuels and lubricants;
manufactures and sells petrochemicals and additives; generates power;
and develops and deploys technologies that enhance business value in
every aspect of the company's operations. Chevron is based in San Ramon,
Calif. More information about Chevron is available at www.chevron.com.
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Source: WEX Inc.
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