WEX Signs Multi Country Long-Term Fuel Card Processing Deal with Chevron
May 16 2017 - 4:45PM
Business Wire
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 Philippines.
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.
About Chevron
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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version on businesswire.com: http://www.businesswire.com/news/home/20170516006511/en/
WEX Inc.News media contact:Robert Gould,
207-523-7429Robert.Gould@wexinc.comorWEX Asia PacificNews media
contact:Susan Nicholson, +61 417 061
722susan.nicholson@wexaustralia.com
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