Global commerce platform WEX has become Booking.com's preferred virtual card provider to simplify travel-related purchases for its customers.
WEX has announced a long-term partnership with Booking.com starting in April 2024. This agreement highlights his WEX's position as the preferred virtual card provider for Booking.com and strengthens his WEX's commitment to providing payment solutions that are in line with Booking.com's vision of efficiency. Masu. Transactions within the travel industry.
Facilitating seamless travel experiences
Booking.com first became a WEX customer in 2013. More than 10 years later, WEX now processes his Booking.com payments around the world. With WEX's expertise in global virtual cards and cross-currency capabilities, our long-standing partnership enables seamless travel by simplifying transactions for travelers and lodging partners as they move across multiple currencies, borders, and time zones. experience becomes possible.
WEX officials commented on the partnership, which builds on a long-standing partnership and brings WEX's deep expertise and technology platform reliability in both payments and travel to help Booking.com strengthen B2B travel. He said he will continue to work hard to do so. Payment activity occurs at scale, 24 hours a day, 365 days a year, all over the world.
Reservations executives explained that creating a seamless travel experience for both travelers and lodging partners requires navigating multiple currencies, borders, and time zones, which poses complex challenges. They value his long-standing partnership with WEX for his expertise in global virtual cards and cross-currency capabilities. Together, the companies are working to remove friction in payments and strengthen the value proposition.
With over 40 years of payments experience, WEX pioneered virtual payment solutions by building one of the first virtual card programs for travel in 2000. Today, WEX is a leader in travel and corporate payments solutions, processing approximately USD 128 billion in the corporate payments sector. Total 2023 volume includes purchases in WEX-issued accounts and purchases issued by others using the WEX platform, resulting in approximately US$500 million in 2023 revenue.
