Wex expands payment portfolio with Worldwide Hotel Link
Wex, a payments processing firm, has announced it has added Italy’s Worldwide Hotel Link (WHL) to its European customer portfolio, handling its global supplier payments programme.
WHL, an online travel services wholesaler, provides an integrated booking platform that enables its travel agent customers to book services on behalf of travellers.
Wex will issue its virtual cards across WHL’s existing booking platforms in the US and its European branch offices including Italy, Spain and the UK.
Wex says that the agreement will allow WHL to:
- Pay domestic and overseas suppliers (hotels) in their preferred currencies with secure 16-digit virtual card numbers.
- Reduce cross-border transaction fees.
- Improve cash flow.
- Reduce costs and increase efficiency.
- Streamline payment reconciliation.