Payment & Expense
Corporate payments provider Wex has expanded its virtual payments offering to 11 currencies for European customers,
according to the company. Issuance and settlement had been available only in euros, U.S. dollars and British pounds, but Wex added the currencies of Australia, Denmark, New Zealand, Norway, Poland, South Africa, Sweden and Switzerland. Wex Europe managing director Myles Stephenson said the ability to pay with a local currency "eliminates the risks of currency fluctuation, improves reconciliation in local currencies to ensure no variances and makes any card network charges fully transparent."