Corporate payment solutions provider WEX Inc. has revealed its European office is now able to contract with customers in all countries in the European Economic Area, enabling the company to provide virtual prepaid and debit payments, including eWallets.
This initiative, along with the recently announced currency expansion, is a part of the company’s plans to significantly expand into the European travel payments market.
According to the latest figures from PhocusWright, the European travel payments market is worth an estimated €264 billion.
Ian Johnson, commercial director Europe, Virtual Payments, at WEX said: “This is a significant milestone in our European expansion as we’re now open for business in 31 EEA countries. We have also invested in growing our team to ensure that we are able to deliver value to as many travel businesses as possible.”
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