Payment solutions firm CorporatePay is being rebranded under the name WEX Europe following its acquisition by WEX in 2012.
The company plans to pursue further growth and expansion across the UK and continental Europe by focusing on the WEX virtual card and commercial pre-paid solutions.
WEX Europe will also support the introduction of WEX fuel card solutions to Europe.
A new local product and client website, Wexeurope.com, has been introduced, and all client and marketing materials will be rebranded to WEX.
The company is relaunching its online customer card management portal, offering new functionality for clients. Features include a reporting dashboard, improved fund transfer and management functionality, and the ability for single users to manage several accounts.
Managing director Myles Stephenson said: “We’re pleased to have made substantial progress in the UK as well as extending our services to Europe.
“In 2013 we had significant new client signings on the virtual credit and virtual prepaid products. Our integrated business provides an excellent platform for further growth and reinforces WEX’s strategic directive to bolster its competitive positioning in Europe.”