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, has
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.