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Corporatepay Rebrands as WEX Europe

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CorporatePay whom for many years have been the largest provider of prepaid business payment solutions in the UK, utilising both the Visa and MasterCard networks for their clients, have taken another step forward in their pursuit to become Europe's number one provider of corporate payment solutions.

Effective February 3rd, 2014, CorporatePay became WEX Europe, the rebrand comes as the final stage of an acquisition of CorporatePay by WEX Inc. (Wright Express Corporation).

WEX Inc. who are a leading provider of information management solutions and business payment processing are said to have acquired the stock of CorporatePay for a sum in the region of £17 million.

When asked about the acquisition, Michael Dubyak, chairman and CEO of Wright Express had this to say; "CorporatePay’s rapidly expanding product offering of business-to-business prepaid solutions, strong management team and solid base of operations is a natural fit with Wright Express. This transaction is strategically important for us for several reasons. First, it accelerates our on the ground presence within the U.K. and Europe, markets in which we see significant opportunities. Second, it supplements our existing product offering to now include prepaid single use accounts, or virtual cards."

The integration with WEX Inc. sees not only the rebrand but a redesigned and upgraded new website with extensive updates to their customer card management portal, including a new dashboard, improved fund management and transfer functionality as well as an improved search tool and intuitive clear cut navigation.

The rebrand & new website combined with the plethora of current payment solutions they already offer is sure to cement them as one of Europes leading business payment solution providers.

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