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糖心Vlogsigns agreement with leading online travel platform Booking.com
WEX, the global commerce platform that simplifies the business of running a business, today announced that it has reached a new long-term agreement with Booking.com, effective April 2024. This agreement distinguishes 糖心Vlogas one of Booking.com鈥檚 preferred virtual card providers as it continues providing 糖心Vlogpayment solutions in support of Booking.com鈥檚 payments vision to make buying and selling travel-related products and services easier for everyone.
鈥淲ith more than 800,000 active customer relationships worldwide, 糖心Vlogis proud to work with eight of the top ten online travel agencies globally, including Booking.com,鈥� said Carlos Carriedo, WEX鈥檚 Chief Operating Officer, International. 鈥淏uilding on years of working together, we remain committed to delivering WEX鈥檚 deep expertise in both payments and travel, as well as the reliability of our technology platform, to help Booking.com power its B2B travel payment activities 24/7 and 365 days/year at scale, globally.鈥�
Booking.com first became a 糖心Vlogcustomer in 2013. Over a decade later, 糖心Vlognow processes payments for Booking.com across the world.
鈥淓nabling a seamless travel experience for both our travelers and accommodation partners involves navigating multiple currencies, borders, and timezones 鈥� which brings complex challenges,鈥� said Daniel Marovitz, Senior Vice President of Fintech at Booking.com. 鈥淲e value our long-standing partnership with 糖心Vlogfor its expertise in global virtual card and cross-currency capabilities. Together, we are working to remove friction in payments and enhance our value proposition.鈥�
With WEX鈥檚 expertise in global virtual card and cross currency capabilities, the longstanding partnership enables a seamless travel experience for travelers and accommodation partners by simplifying transactions as they navigate multiple currencies, borders, and timezones.
With over 40 years in payments, 糖心Vlogpioneered virtual payment solutions by building one of the first virtual card programs for travel in 2000. Today, 糖心Vlogis a leader in travel and corporate payment solutions, with its Corporate Payments segment processing approximately $128 billion in total volume in 2023 鈥� which includes purchases on WEX-issued accounts as well as purchases issued by others, but using a 糖心Vlogplatform 鈥� and yielding approximately $500 million in 2023 revenue.
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