Corporate payment solutions firm Wex has sealed a virtual payments deal with German travel software solutions business HitchHiker.
HitchHiker specialises in content aggregation as well as online booking and ticketing solutions.
The agreement will see mutual customers benefit from virtual debit, pre-paid and credit cards which can be pre-funded or used as a credit line in 24 billing currencies.
Wex Europe virtual payments commercial director Ian Johnson said: “We see great opportunity for our payments and new technology solutions in Europe.
“We have been expanding rapidly into new markets over the last few years and focus on providing our customers with more powerful and effective solutions.
“Germany is a key market for us and having HitchHiker, a leading innovator in the travel technology space, working with us is a huge gain for our business and our mutual customers.”
HitchHiker managing director Thomas Boffo added: “In our role as aggregator of flight content from Global Distribution Systems, airline direct connects, global flight wholesalers and other third party content providers, it has become vital to be able to offer a breadth of cost efficient and safe payment options which our customers can manage according to their business requirements.
“For our customers across the globe virtual payments have become the preferred method of payment, offering benefits such as reduced risk of fraud and misuse which conventional company cards cannot offer.
“Through our agreement with Wex our mutual customers will benefit from an increased cash flow through the credit funding option.”