WEX Enters Into Partnership with International Travel Technology Provider Juniper

LONDON–(BUSINESS WIRE)–WEX Inc. (NYSE: WEX), a leading financial technology service provider,
today announced it has secured a new international partnership with
Juniper. Founded in 1996, Juniper is a global provider of the booking
engines Juniper and Cangooroo. These distribution platforms are used by
more than 300 clients around the world. Juniper’s online solutions are
aimed at tour operators, OTAs, DMCs, Bed Banks, wholesalers, and
accommodation suppliers.

The WEX virtual payments solution helps travel companies to:

  • Maximise working capital through a credit line while making timely
    payments
  • Save up to 3% per transaction when paying international suppliers and
    avoid exposure to exchange rate fluctuations
  • Automatically reconcile supplier payments
  • Earn money on payments made and create a new revenue stream through a
    competitive rebate structure

Ray Alabern, VP of Sales & Marketing at Juniper, said, “As a leading
provider of virtual payment solutions in the travel industry, WEX is the
right partner to provide us with a secure and proven supplier payment
solution.”

Vice President for WEX Corporate Payments, EMEA and APAC, Anant Patel,
said, “This is a very exciting win for WEX and we’re delighted to be
working with such an influential technology provider in the travel
industry—especially as it was led from our European office. Our virtual
payments solution will allow Juniper customers to optimise their working
capital while increasing profitability and automating reconciliation.”

WEX is a leading provider of payment solutions to the travel industry
and pioneered virtual payments in 2000. With a strong foothold in the
travel industry, WEX has an extensive customer base in North America,
Europe, Asia, Australia, and South America. In 2017, WEX processed $27
billion in supplier payments, allowing customers to focus on their core
businesses.

About Juniper

Juniper is the leading Travel Technology company that offers the best
software solutions for the Tourism Industry. More than 300 clients in
over 40 countries worldwide trust Juniper.

Juniper creates web applications – websites, intranets and extranets –
that are highly functional and effective, and offers robust and
efficient interfaces allowing connectivity for XML distribution. Their
modular distribution platforms (Juniper Booking Engine and Cangooroo
Booking Engine) are customized to clients’ requirements and allow users
to automate the different processes on different Internet Sales
Channels. Juniper presents the maximum connectivity, offering more than
350 XML integrations with holiday product suppliers.

About WEX

Powered by the belief that complex payment systems can be made simple,
WEX (NYSE: WEX) is a leading financial technology service provider
across a wide spectrum of sectors, including fleet, travel and
healthcare. WEX operates in more than 10 countries and in more than 20
currencies through more than 3,500 associates around the world. WEX
fleet cards offer 11.5 million vehicles exceptional payment security and
control; purchase volume in its travel and corporate solutions grew to
$30.3 billion in 2017; and the WEX Health financial technology platform
helps 300,000 employers and more than 25 million consumers better manage
healthcare expenses. For more information, visit www.wexinc.com.

Contacts

Juniper Media Contact:
Joana Maria Bauzá, Marketing Director
Juniper
joana.bauza@ejuniper.com
+34
971 764 415

WEX Media Contact:
Danielle Higgins
One
Green Bean
danielle.higgins@onegreenbean.com
+44
(0)203 793 3842