WEX Europe announced its European travel customers now have the ability to issue and settle payments in 11 currencies, up from three currencies, through WEX Virtual Payments.
As a result of this expansion, WEX Europe will issue virtual credit cards in the Australian dollar, Danish krone, New Zealand dollar, Norwegian krone, Polish zloty, South African rand, Swedish krona, Swiss franc, euro, U.S. dollar and British pound.
WEX, through its subsidiary WEX Europe, is strategically expanding its international footprint as a virtual payments specialist to provide credit, prepaid and debit solutions in all major currencies.
Based on WEX commissioned research, the European travel industry is currently worth approximately €345 billion, which indicates travel businesses’ focus on making international payments.
The multicurrency strategy will include additional enhancements over the coming months. Currently, WEX Virtual Payments are accepted in more than 200 countries and territories. Virtual credit cards were pioneered by WEX in 2000, and the company remains focused on serving the global travel industry where it has an extensive customer base.
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