Corporate payment solutions provider Wex Inc. has revealed European clients can now issue and settle payments in 11 currencies, up from the previous three.
WEX Europe will now 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, US Dollar and British Pound. In addition to companies headquartered in Europe, global companies with a European presence can also take advantage of this offering.
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.
Myles Stephenson, managing director of WEX Europe, said: “We’ve listened to our customers’ needs and business challenges, and implemented a solution that provides even more cost-effective ways to make international payments. This update enables WEX Europe customers to pay their global suppliers in local currencies more efficiently.”