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WEX Signs Long-Term Fuel Card Processing Deal with Z Energy

MELBOURNE, Australia--(BUSINESS WIRE)--Dec. 3, 2018-- WEX Card Australia, a subsidiary of WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions, today announced that it has signed a significant agreement with Z Energy Ltd.

Z Energy, a leading New Zealand Transport Energy Company, has selected WEX to develop, support and manage a fuel card processing platform for Z Energy in New Zealand along with an agreement to process Z Energy’s fuel cards over the next 5 years.

“Our ongoing investment in our technology infrastructure and front end systems is strengthening our reputation as the fuel card provider of choice for the major fuel companies in the region,” said Rick Rose, WEX Asia Pacific Managing Director. “We are delighted to commence our relationship with Z Energy and look forward to supporting the Z Energy fuel card business, which will allow them to concentrate on their core function of delivering quality fuel to their customers.”

While WEX has already been growing its footprint in Asia Pacific, this new deal represents its further expansion into New Zealand for the fuel arm of the business.

About WEX Inc.

Powered by the belief that complex payment systems can be made simple, WEX Inc. (NYSE: WEX) is a leading provider of payment processing and business solutions across a wide spectrum of sectors, including fleet, travel and healthcare. WEX operates in more than 10 countries and in more than 20 currencies through more than 3,500 associates around the world. WEX fleet cards offer 11.5 million vehicles exceptional payment security and control; purchase volume in its travel and corporate solutions segment grew to $30.3 billion in 2017; and the WEX Health financial technology platform helps 300,000 employers and more than 25 million consumers better manage healthcare expenses. For more information, visit www.wexinc.com.

For more information about WEX Australia, please visit www.wexaustralia.com.

Source: WEX Inc.

WEX Inc.
News media contact:
Rob Gould, +1 207 523 7429
Robert.Gould@wexinc.com
or
WEX Asia Pacific
News media contact:
Kathryn Grant, +61 450 965 024
kathryn.grant@wexaustralia.com

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding WEX Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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