By PYMNTS | October 12, 2026
Mastercard and WEX launched a fleet management partnership focused on the Asia-Pacific region, according to a Monday (Oct. 12) press release.
The collaboration is designed to combine universal fuel, vehicle fleet maintenance, tolling, parking and more into one payment experience, the release said.
“For decades, fleets have used one card for fuel and a patchwork of systems for everything else, leaving fleet managers to stitch it all together,” Matt Arthur, vice president and general manager, APAC Mobility at WEX, said in the release. “This strategic partnership creates a smarter infrastructure that allows our customers to manage the transition to hybrid fleets and navigate economic volatility with total visibility over their operations.”
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The partnership is expected to process billions of dollars in annual transactions as it extends to regional markets, according to the release. It Mastercard’s global network, which processed 175 billion transactions last year, with WEX’s expertise in fleet management and issuing virtual cards for travel payments.
APAC is becoming the fastest-growing fleet management region in the world, with fleet card transaction volumes in the region estimated at around $310 billion, or 31% of global volumes, per the release. Global volumes are forecast to increase at 14.3% a year through 2030.
“Despite this rapid expansion, fleet management operators across the region continue to face friction driven by fragmented data and siloed, legacy payment systems,” the release said.
Ryan Taylor, senior vice president of product management, Mobility and Payments at WEX, told PYMNTS in an interview published Thursday (Oct. 8) about the problem that arises when work happens in one place and payments in another.
“People are stitching that together manually, which can create delays and errors as volume grows,” Taylor said.
Artificial intelligence could do away with some of that stitching, although the larger opportunity is to shrink the distance between detecting what should happen and safely executing it. However, that’s easier said than done, especially when it means moving real corporate cash.
“Payment data is interesting because it really is the digital footprint of business,” Taylor said. “It tells you more than just what was spent. It can tell you about what was happening in the business at that exact moment that a payment occurred.”