"As CashStar continues its momentum in the U.S. and UK and looks to expand globally, we wanted to find a partner who has paved the way for growth in other global markets," said David Stone, co-founder and CEO of CashStar. "WEX has a proven track record of success with physical, digital and virtual corporate card payment solutions. Combined with its strong presence in Australia and New Zealand, WEX's leadership position will help us bring our eGift Card offerings to this growing market and continue to expand."
About WEX Inc.
(NYSE: WXS) is a leading international provider of physical, digital and virtual corporate card payment solutions. From its roots as a pioneer in fleet card payments in 1983, WEX now provides its more than 350,000 customers ― representing more than 6.5 million cardholders ― with exceptional payment security and control across a wide spectrum of business sectors. The Company's operations include WEX Bank, Fleet One, Pacific Pride, rapid! PayCard, Wright Express Prepaid Cards Australia, Wright Express Fuel Cards Australia, Wright Express New Zealand and CorporatePay Limited,
, as well as a majority equity position in UNIK S.A.,
. WEX and its subsidiaries employ more than 1,300 associates. For more information about WEX, please visit WEXInc.com.
About CashStar, Inc.
CashStar is the world's leading digital gifting and incentives partner for retailers. These retail brands leverage CashStar to easily and securely integrate digital gifting strategies to increase sales and customer loyalty. CashStar offers consumers an unmatched personalized eGift experience via email, mobile and social channels. It is the only company to successfully combine an on-demand B2C and B2B digital gifting and incentives platform with innovative multichannel marketing strategies. More than 250 brands are successfully partnering with CashStar to drive incremental sales, increase retention and boost profitability including The Body Shop, Gap, Groupon, The Home Depot, Mandarin Oriental Hotel Group, Pottery Barn, QVC, Sony, Staples, Starbucks and
's. To learn more about how CashStar is constantly innovating the way businesses deliver personalized gifting experiences to consumers and partners in the digital world, please visit