WEX EXPANDS ASIAN VIRTUAL PAYMENTS SOLUTION TO SINGAPORE

WEX EXPANDS ASIAN VIRTUAL PAYMENTS SOLUTION TO SINGAPORE



SINGAPORE, April 4 (Bernama-BUSINESS WIRE) -- WEX Inc.
(NYSE: WEX), a leading provider of corporate payment solutions, today
announced that it will begin issuing virtual credit cards in Singapore,
expanding its program in the Asian region that currently includes Hong
Kong and Thailand.

WEX’s single-use virtual credit card (VCC)
technology, assigns every transaction a unique card number, and provides
companies with additional controls for security. Additionally, the VCC
technology can deliver efficiencies by reducing reconciliations, queries
and invoice processing.

“We are proud to have achieved this
important milestone to support the growth of the WEX virtual product in
the Asia Pacific region. Singapore is an important market for us and
coupled with the fact that it is a global financial centre, this
endorsement marks our commitment to the region,” said Jim Pratt, SVP and
GM for Virtual Payments, WEX Inc.

“Obtaining an issuing license
in Singapore is a tangible demonstration of our commitment to growing
our issuance capabilities in Asia.” said WEX’s Managing Director for
Asia Pacific, Jeff Ames from WEX’s regional headquarters in Singapore.
“WEX’s continued focus on providing increased access to new markets in
in Asia, and globally, positions us strongly and enables us (WEX) to
better support our customers.”

WEX’s subsidiary, WEX Finance
Inc., was granted an issuing license by the Monetary Authority of
Singapore on 14 February 2017 which enables it to issue credit and
charge cards in Singapore under the Banking Act.

About WEX Inc.

WEX
Inc. (NYSE: WEX) is a leading provider of corporate payment solutions.
From its roots in fleet card payments beginning in 1983, WEX has
expanded the scope of its business into a multi-channel provider of
corporate payment solutions representing more than 10 million vehicles
and offering exceptional payment security and control across a wide
spectrum of business sectors. WEX serves a global set of customers and
partners through its operations around the world, with offices in the
United States, Australia, New Zealand, Brazil, the United Kingdom,
Italy, France, Germany, Norway, and Singapore. WEX and its subsidiaries
employ more than 2,500 associates. The Company has been publicly traded
since 2005, and is listed on the New York Stock Exchange under the
ticker symbol "WEX." For more information, visit www.wexinc.com and follow WEX on Twitter at @WEXIncNews.

For more information about WEX Asia, please visit www.wexasia.com.

Contacts
WEX Inc.
News media contact:
Robert Gould, 207-523-7429
Robert.Gould@wexinc.com
or
WEX Asia Pacific
News media contact:
Susan Nicholson, +61 417 061 722
susan.nicholson@wexaustralia.com

Source: WEX Inc.