WEX, a leading provider of corporate payment solutions, has today announced that they have entered into an international agreement with Ypsilon.Net AG, a global provider of internet travel technology and payment solutions for airlines, consolidators, travel portals and travel agencies. With the agreement in place, WEX is expanding its presence within the travel payment space in Germany.

The agreement gives Ypsilon.Net’s clients easy access to WEX’s exceptional and leading portfolio of credit, debit and prepaid virtual Card number (VCN) technology through a single API for the first time. Additionally, it gives Ypsilon.Net’s global clients access to 24 billing currencies, allowing them to benefit from substantial savings on foreign exchange and cross-currency transaction fees.

Jim Pratt, SVP and General Manager, Virtual Payments of WEX, said, “We are excited to be working with Ypsilon.Net, at WEX we are constantly seeking new ways to grow and expand our business offerings to that we can help travel companies enhance their profitability and improve cash flow. Our agreement with Ypsilon.Net provides WEX with the opportunity to expand our presence into the European travel industry.”

Hans-Joachim Klenz, CEO and founder of Ypsilon.Net said, “Our agreement with WEX gives our clients the opportunity to have access to yet more cost efficient travel content. As a hybrid technology provider, combining travel and tourism with payment and fraud prevention, Ypsilon.Net is always looking for ways to expand the business opportunities for our clients. Therefore we are pleased to announce our agreement with WEX.”