WEX, the global commerce platform that simplifies the business of running a business, has appointed Jason Hancock as managing director of its International Business Payments division.
With over two decades of experience in travel technology, payments, and finance, Hancock brings a wealth of expertise to his role. Holding a PhD in Computer Science and a BEng with First Class Honours, Hancock’s career highlights include transformative initiatives at eNett International, Mastercard, and Travelport.
With a focus on B2B travel payments and emergent virtual card corporate payment solutions, Hancock plans to help customers navigate the challenges facing the travel industry while creating innovation and efficiency.
“The travel industry has never experienced such challenging times as it has over the past five years,” said Hancock.
“We’re committed to ensuring our customers benefit from our sector expertise, business technology, and customer-centric approach to partner on new solutions to help them manage their businesses efficiently and to fuel mutual growth opportunities.”
The appointment signals WEX’s commitment to further developing the talent and expertise held in our travel and corporate payments team, COO, International at WEX, Carlos Carriedo said.
“WEX’s priorities lie in delivering an excellent service to our customers, market-leading capabilities and enterprise-level reliability, particularly in the travel sector, amidst plans for future expansion. We’re already seeing results as the team further deepens relationships with world-class businesses.”
With more than 40 years in payments, WEX pioneered virtual payment solutions by building one of the first virtual card programs for travel in 2000.
WEX’s global Corporate Payments segment processed about $128 billion in total volume in 2023 – which includes purchases on WEX-issued accounts as well as purchases issued by others but using a WEX platform – and yielding approximately $500 million in 2023 revenue.
