The newly launched product enables businesses to:• Use single use virtual cards for travel booking• Streamline payment reconciliation• Pay global suppliers with customised controls• Integrate with existing systems to support high volume operational environments
WEX has entered the Brazilian market in 2012, when it has purchased a 51 percent stake in UNIK. In November 2012, the company also entered an agreement with US-based digital gifting and incentives company CashStar to provide eGift Card services in Australia and New Zealand.
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