CorporatePay has rebranded as WEX Europe following its acquisition by WEX in 2012.
CorporatePay announces it is rebranding the company to WEX Europe. WEX Europe, a WEX Inc. company, leverages the former CorporatePay products, technology and team in the European market. WEX Inc. is a leading provider of corporate payment solutions, with more than 1,400 associates worldwide.
WEX’s continued investment in WEX Europe has enabled further product growth and new client acquisition in the key strategic area of virtual payments for the travel industry. The combination of the WEX virtual credit product and WEX Europe’s prepaid products has delivered product differentiation, further enhancing the Company’s competitive offering.
The newly branded WEX Europe will pursue further growth and expansion across the UK and continental Europe by focusing on the WEX virtual card and commercial prepaid solutions. WEX Europe will also support the introduction of WEX fuel card solutions to Europe.
As part of the rebrand, WEX Europe has launched a new local product and client website, and all client and marketing materials will be rebranded to WEX. Coinciding with the rebrand of WEX Europe, the company is re-launching its online customer card management portal, which offers significant new functionality for clients. Features include a new reporting dashboard, improved fund transfer and management functionality, and allows single users to manage several accounts.
Myles Stephenson, Managing Director of WEX Europe, said: “We’re pleased to have made substantial progress in the UK as well as extending our services to Europe. In 2013 we had significant new client signings on the virtual credit and virtual prepaid products. Our integrated business provides an excellent platform for further growth and reinforces WEX’s strategic directive to bolster its competitive positioning in Europe.”