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WEX to Issue Visa Commercial Virtual Cards for North American and European Commercial Customers
WEX and Visa’s joint efforts further the existing 2018 collaboration between two of the world’s leaders in commercial B2B payment solutions. As of today, WEX is issuing Visa commercial virtual cards in the U.S. and
Committed to providing modern and simple payment solutions that unlock new business value for its customers, WEX satisfies many common payment challenges with its virtual credit cards. These challenges include the need for additional security; precise controls for when, where and how payments are authorized; lower costs of doing business; easy reconciliations; and global acceptance.
By offering a global payment solution with Visa, WEX is providing its customers with even more choices and the ability to streamline and simplify transactions across the globe, boosting global merchant acceptance options. This allows WEX customers the flexibility to choose the right payment channel for their unique needs.
“WEX operates with our customers’ long-term best interests in mind and always looks for new ways to improve our payment innovations,” said
“At Visa, we continue to provide solutions for clients like WEX to help expand the capabilities they offer to their commercial clients,” said
Powered by the belief that complex payment systems can be made simple, WEX (NYSE: WEX) is a leading financial technology service provider across a wide spectrum of sectors, including fleet, travel and healthcare. WEX operates in more than 10 countries and in more than 20 currencies through more than 4,800 associates around the world. WEX fleet cards offer 13.1 million vehicles exceptional payment security and control; purchase volume in its travel and corporate solutions grew to
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