WEX Launches Virtual Payments Solutions with Mastercard in Middle East

Share this post

WEX Inc. (NYSE: WEX), a leading financial technology service provider, announced it has further expanded its global footprint by entering the Middle Eastern payments market by issuing virtual cards in the United Arab Emirates (UAE)
WEX’s virtual card solution will be provided in partnership with Mastercard and has been approved by the Central Bank of the UAE.
Tourism development in the UAE continues to strengthen its $18.7 billion travel market*. With WEX now able to issue virtual cards in this key market, travel customers will be able to benefit from secure, streamlined and automated international and domestic supplier payments powered by WEX, plus settle in UAE dirham without foreign exchange charges.
WEX has established a strong foothold in the Americas, Europe and Asia Pacific with an extensive global customer base. This move will take WEX and its leading virtual card payment solutions into this growing and significant region opening its doors to new and existing customers in the UAE.
The introduction of WEX virtual payments will also mean key leaders in the Middle Eastern travel industry can now:

● Optimise cash flow by maximising working capital through a credit line while making timely payments
● Reduce the cost of international payments by avoiding exchange rate mark-ups and cross-currency fees
● Improve acceptance and strengthen relationships with suppliers such as hotels, car rentals, tour operators and destination service providers
● Reduce accounts payable resource needed to manage supplier payments.
“In partnership with Mastercard, we have been working to strengthen our offering across EMEA. We are delighted to offer our corporate payments solution to the UAE market, helping businesses to unlock new value from payments,” said Anant Patel, Vice President for WEX, EMEA and APAC.
“WEX’s capabilities harness the power of Mastercard’s B2B products & services with the customer always at its heart, and we are proud to be partnering with them on this next step into serving its global customers in the UAE,” added Girish Nanda, General Manager, UAE and Oman, Mastercard.

*2017 UAE $18.7 billion travel market: https://government.ae/en/information-and-services/visiting-and-exploring-the-uae/travel-and-tourism

More To Explore


Are you a member of The Payments Association?

Member benefits include free tickets, discounts to more tickets, elevated brand visibility and more. Sign in to book tickets and find out more.


Log in to access complimentary passes or discounts and access exclusive content as part of your membership. An auto-login link will be sent directly to your email.

Having trouble signing?

We use an auto-login link to ensure optimum security for your members hub. Simply enter your professional work e-mail address into the input area and you’ll receive a link to directly access your account.

First things first

Have you set up your Member account yet? If not, click here to do so.

Still not receiving your auto-login link?

Instead of using passwords, we e-mail you a link to log in to the site. This allows us to automatically verify you and apply member benefits based on your e-mail domain name.

Please click the button below which relates to the issue you’re having.

I didn't receive an e-mail

Tip: Check your spam

Sometimes our e-mails end up in spam. Make sure to check your spam folder for e-mails from The Payments Association

Tip: Check “other” tabs

Most modern e-mail clients now separate e-mails into different tabs. For example, Outlook has an “Other” tab, and Gmail has tabs for different types of e-mails, such as promotional.

Tip: Click the link within 60 minutes

For security reasons the link will expire after 60 minutes. Try submitting the login form again and wait a few seconds for the e-mail to arrive.

Tip: Only click once

The link will only work one time – once it’s been clicked, the link won’t log you in again. Instead, you’ll need to go back to the login screen and generate a new link.

Tip: Delete old login e-mails

Make sure you’re clicking the link on the most recent e-mail that’s been sent to you. We recommend deleting the e-mail once you’ve clicked the link.

Tip: Check your security policies

Some security systems will automatically click on links in e-mails to check for phishing, malware, viruses and other malicious threats. If these have been clicked, it won’t work when you try to click on the link.

Need to change your e-mail address?

For security reasons, e-mail address changes can only be complete by your Member Engagement Manager. Please contact the team directly for further help.

Still got a question?