WEX Signs New Fleet Card Agreement with the State of Minnesota

Rhea-AI Summary

WEX (NYSE: WEX) has secured a state-wide fleet card contract with the State of Minnesota through the NASPO ValuePoint Master Agreement, expanding its government contract portfolio. With recent contracts signed in Washington, Oregon, Colorado, Wisconsin, Arizona, and Connecticut, WEX now holds 34 state government contracts and approximately 1.2 million cards issued to government entities. The Fleet Card program offers convenient payment tools and reporting for fuel and electric vehicle charging services to Minnesota agencies and local governments.

Positive

• Secured state-wide fleet card contract with Minnesota, expanding its government contract portfolio.
• Now holds a total of 34 state government contracts.
• Approximately 1.2 million fleet cards issued to various government entities.

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• None.

PORTLAND, Maine--(BUSINESS WIRE)-- WEX (NYSE: WEX), a leading financial technology service provider, today announced it has been awarded and entered into the state-wide fleet card contract with the State of Minnesota through the NASPO ValuePoint Master Agreement. WEX is proud to expand its extensive government contract portfolio and continue working with state-wide fleets.

NASPO ValuePoint is the cooperative purchasing arm of the National Association of State Procurement Officials (NASPO).

With the recent signings of additional NASPO participants Washington, Oregon, Colorado, Wisconsin, Arizona and Connecticut, WEX now has 34 state government contracts and approximately 1.2 million cards issued to state, federal and local government entities.

“We believe WEX’s tools, support and expertise in the public sector are best-in-class,” said Bernie Kavanagh, senior vice president and general manager of large fleet at WEX. “We take our responsibility to meet the unique needs of government fleets very seriously, and that has been borne out with our recent wins.”

The WEX Fleet Card program provides Minnesota state agencies and other eligible local government entities with convenient payment tools, reporting and analytics to support their purchases of fuel and electric vehicle charging services as well as other fleet-related expenses.

About WEX

WEX (NYSE: WEX) is a leading financial technology service provider. We provide payment solutions to businesses of all sizes across a wide spectrum of sectors, including fleet, corporate payments, travel and health. WEX has offices in 14 countries and employs approximately 5,400 associates around the world. Learn more at LinkedIn, Facebook, Instagram, Twitter, and our corporate blog. For more information, visit www.wexinc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210915005108/en/

Media

Kellie Jones

kellie.jones@wexinc.com

Source: WEX

FAQ

What contract has WEX secured with Minnesota?

WEX has secured a state-wide fleet card contract with the State of Minnesota through the NASPO ValuePoint Master Agreement.

How many state government contracts does WEX currently hold?

WEX currently holds 34 state government contracts.

What services does the WEX Fleet Card program provide?

The WEX Fleet Card program provides convenient payment solutions for fuel, electric vehicle charging services, and other fleet-related expenses.

What is the significance of the NASPO ValuePoint Master Agreement for WEX?

The NASPO ValuePoint Master Agreement allows WEX to expand its footprint in government contracts, enhancing its market presence.

How many fleet cards has WEX issued to government entities?

WEX has issued approximately 1.2 million fleet cards to state, federal, and local government entities.