WEX launches Driver App in Australia to help SMBs save money on fuel

Rhea-AI Summary

WEX has launched the Motorpass Driver App in Australia, designed to assist small and medium-sized businesses (SMBs) in finding the best fuel prices amid rising costs. With petrol prices exceeding $2 per litre and the return of full fuel tax, the app aims to help businesses save money on fleet operations. It is compatible with both iOS and Android, allowing real-time fuel price comparisons at various locations. The app complements the existing Motorpass Card, enhancing operational efficiency for fleet drivers.

Positive

• Launch of the Motorpass Driver App to help SMBs tackle rising fuel prices.
• Compatibility with iOS and Android for easy access to real-time fuel prices.
• Supports businesses in saving revenue for growth and operational costs.
• Already adopted by a major automotive cooperative, enhancing credibility.

Negative

• None.

The WEX Motorpass Driver App enables employees and fleet vehicle drivers to find the best fuel prices closest to them, which is critical as interest rates continue to rise and put pressure on Australian SMBs

MELBOURNE--(BUSINESS WIRE)-- WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced the launch of the WEX Motorpass Driver App in Australia to help Aussie small to medium sized businesses (SMBs) tackle rising fuel prices and save money on the operation of their fleet vehicles.

The WEX Motorpass Driver App allows fleet vehicle drivers and employees in sectors including, but not limited to, construction, retail, manufacturing, and transport to find the best fuel prices closest to them - in real-time and at the touch of a button. The app can be downloaded on iOS and Android.

The launch of WEX Motorpass Driver App comes at a time when rising fuel prices and interest rates are impacting Australian SMBs. Petrol prices have exceeded $2 a litre at times this year, and the termination of the fuel excise in September means that the full tax on fuel has been reapplied.

“We’re launching the WEX Motorpass Driver App at a time when businesses are looking to save precious revenue where possible,” said Matthew Arthur, Vice President Fleet Asia Pacific at WEX. “For any small business operating a fleet, be it an online retailer, plumbing business, manufacturer, or the like – fuel can be a major cost. The WEX Motorpass Driver App ensures these businesses, and their drivers, can always find the most cost effective price available. The revenue saved can be used by business owners for multiple purposes, including investment for growth or back into the business.”

The WEX Motorpass Driver App, which soft launched in Australia in January and has been running in beta, is already used by one of Australia's largest automotive cooperatives, Capricorn. Capricorn offers its members – which includes small automotive businesses – a broad range of services to help them better manage their business and save time and money. “The Motorpass Drivers App is a fantastic tool for our members. It provides convenience and value, helping them to deliver better outcomes for their business. We will continue to encourage all Capricorn Fuel Card holders to download it. I know I use it whenever it is time to fill up to get the best value for money,” said Brad Gannon, CEO Automotive at Capricorn.

The WEX Motorpass Driver App complements, and works in tandem with, WEX’s Motorpass Card – one of Australia’s most widely accepted cards for fuel and vehicle-related expenses. The app is simple for businesses and fleet drivers to set up and navigate. Drivers simply log in with their WEX Motorpass Card number and can gain real-time pricing insights on fuel at thousands of locations across the country.

For more information and to download the app, please visit: https://www.wexinc.com/motorpass/features-benefits/our-mobile-apps/

About WEX

WEX (NYSE: WEX) is the global commerce platform that simplifies the business of running a business. WEX has created a powerful ecosystem that offers seamlessly embedded, personalised solutions for its customers around the world. Through its rich data and specialised expertise in simplifying benefits, reimagining mobility and paying and getting paid, WEX aims to make it easy for companies to overcome complexity and reach their full potential. For more information, visit www.wexinc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221128005651/en/

Sifat Bhatia

Email: sifat.bhatia@wexinc.com

Tel: +61 (0) 422 566 817



George Garnham

Email: george.garnham@edelman.com

Tel: +61 (0) 449 944 709

Source: WEX

FAQ

What is the WEX Motorpass Driver App?

The WEX Motorpass Driver App is a mobile application launched by WEX to help small and medium-sized businesses in Australia find the best fuel prices in real-time.

How does the WEX Motorpass Driver App benefit SMBs?

The app helps SMBs save money on fuel costs, which can be significant for fleet operations, especially with rising fuel prices.

When was the WEX Motorpass Driver App launched?

The WEX Motorpass Driver App was launched in Australia, following a soft launch in January.

How can businesses download the WEX Motorpass Driver App?

The app can be downloaded from the App Store for iOS and Google Play for Android devices.

What is the significance of the Motorpass Card in relation to the app?

The Motorpass Card is one of Australia’s most widely accepted cards for fuel and vehicle-related expenses, which complements the functionality of the Motorpass Driver App.