WEX Signs Multi Country Long-Term Fuel Card Processing Deal with Chevron
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.
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.