GasBuddy, the only smartphone app connecting 65 million drivers with their Perfect Pit Stop, as buddied with corporate payment solutions provider, WEX.
The partnership will focus on innovations that bring added convenience and savings to the more than 200 million driving consumers in the United States that fill up at retail gasoline stations, and represents a continued focus by WEX to expand the company’s offering to the business to business to consumer (B2B2C) space.
From its roots in fleet card payments beginning in 1983, WEX has expanded the scope of its business into a multi-channel provider of corporate payment solutions – including Travel and Healthcare – representing approximately 10 million vehicles in the fleet space and offering exceptional payment security and control across a wide spectrum of business sectors.
By comparison, with a smartphone app that has been downloaded by consumers more than 65 million times, GasBuddy has become the industry standard for consumer pricing data, with more than 300 million endpoints (e.g. Waze, Google Maps, in-dashboard GPS) using its crowdsourced gasoline price data.
Under the terms of the partnership, the companies will explore strategic uses of their collective technology, infrastructure, data, intellectual property and consumer reach to develop large-scale solutions that deliver new levels of convenience and cost savings to the driving public.
GasBuddy is also the the leading source for the most accurate, real-time fuel prices at more than 140,000 gas stations in the U.S., Canada, and Australia. The Company’s B2B Retailer Software-as-a-Service (SaaS), known as GasBuddy Business Pages, provide Fuel Marketers and Retailers their best opportunity to maintain their station information, manage their brand, and promote to their target consumer audience.
WEX serves a global set of customers and partners through its operations around the world, with offices in the United States, Australia, New Zealand, Brazil, the United Kingdom, Italy, France, Germany, Norway and Singapore.