WEX recently announced that it is eligible to support U.S. government card and payment services through its partnership with Citibank, N.A., which was awarded one of two contracts for GSA SmartPay® 3.
Citi has selected WEX to offer their fleet card solution to provide a range of services and offerings to a number of government agencies. The new program runs through 2031 and Citi and WEX will remain among an exclusive group of providers of card and payment services to government agencies and organizations.
“Federal agencies deploy some of the largest fleets in the U.S. today, and we are proud of the opportunity to compete for continued work with these agencies to optimize their operations,” said Bernie Kavanagh, senior vice president and general manager of North America large fleet and strategic relationships at WEX. “Through our relationship with Citi, we’re looking forward to ensuring these agencies continue to have access to innovative card solutions that help them manage the daily operations of their fleets for years to come.”
WEX has successfully deployed more than 300,000 fleet cards to help six federal agencies manage their fleet programs more efficiently. Beyond the federal level, WEX holds contracts with more than 25 states and agencies at all levels of government.
“Each of those 300,000 cards represents a successful partnership with the federal government,” Kavanagh said. “We are pleased to be recognized as one of only a few companies with the expertise, scale, technology and relationships to support these large customers, and we are proud to continue a collaboration that has delivered value, innovation and cost savings to government agencies.”
This marks the second time Citi and WEX have partnered on a GSA SmartPay contract.
“We are pleased to continue our partnership with WEX in the GSA SmartPay 3 program,” said Gonca Latif-Schmitt, Global Head of Commercial Cards at Citi. “Together, we are able to combine our expertise in Fleet and Commercial Cards to offer the federal government with an industry best-in-class product suite.”
GSA SmartPay 3 is expected to facilitate a potential $700 billion in charge card and related payment transactions over the life of the contract. The program is expected to be used by approximately 560 customer agencies and organizations.
For more information on WEX, please visit: www.wexinc.com.