WEX has expanded its commercial footprint globally with the signing in Singapore of Japanese travel company Time Design.
Time Design provides a white-labelled technology booking platform that enables hotels, airlines and online travel agents (OTAs) to sell travel packages on their own websites. As part of the agreement, WEX will issue its virtual cards for Time Design, providing it with the ability to:
- Pay domestic and overseas suppliers (hotels and airlines) in their preferred currency with a secure 16-digit virtual number.
- Reduce cross-border transaction fees.
- Improve cash flows.
- Reduce costs and increase efficiency.
- Streamline payment reconciliation.
Commenting on the agreement, Yuzo Takamatsu, CEO of Time Design, said, “At Time Design, we pride ourselves in delivering a seamless package travel booking experience. The addition of WEX’s virtual payments technology into our booking platform will further elevate our operational efficiency and strengthen our position as an innovative player in the international travel market.”