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HitchHiker and WEX announce virtual payments agreement in Germany

Feb 06, 2017

WEX and HitchHiker work together on providing seamless payments to the German travel industry.

WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions, today announced a new virtual payments agreement with HitchHiker GmbH. HitchHiker specialises in content aggregation as well as online booking and ticketing solutions for traditional and online travel agencies, tour operators, consolidators, travel management companies and airlines. With the agreement in place, mutual customers are able to benefit from virtual debit, prepaid and credit cards which can be pre-funded or using a credit line and are available in 24 billing currencies.

Ian Johnson, Commercial Director, Virtual Payments, WEX Europe, said, “At WEX we see great opportunity for our payments and new technology solutions in Europe. We have been expanding rapidly into new markets over the last few years and focus on providing our customers with more powerful and effective solutions.

Germany is a key market for us and having HitchHiker, a leading innovator in the travel technology space, working with us is a huge gain for our business and our mutual customers.”

Thomas Boffo, Managing Director, HitchHiker, said, “In our role as aggregator of flight content from Global Distribution Systems, airline direct connects, global flight wholesalers, and other third party content providers, it has become vital to be able to offer a breadth of cost efficient and safe payment options which our customers can manage according to their business requirements. For our customers across the globe virtual payments have become the preferred method of payment, offering benefits such as reduced risk of fraud and misuse which conventional company cards cannot offer. Through our agreement with WEX our mutual customers will benefit from an increased cash flow through the credit funding option.” 

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