Onyx CenterSource, a B2B payments and business intelligence solution provider to the hospitality industry, has partnered with fintech firm WEX.
The partnership will help Onyx CenterSource to expand digitised payment options and optimise payments for travel business. The two companies also agreed to focus on virtual payments methods for different transactions in hospitality industry.
Onyx CenterSource CEO Mark Dubrow said: “The extensive product portfolio and global reach of WEX, combined with their experience in the travel and hospitality market as well as other verticals, made them an attractive partner.
“We are confident that this partnership will extend our capabilities to better serve our clients.”
WEX Corporate Payments vice-president Heather Andrews said: “WEX is delighted to be partnering with Onyx CenterSource to drive automation in the travel industry by removing friction from B2B payments while allowing for payment flexibility.
“Covid-19 has accelerated the digitisation of payments as companies look for efficiencies to return to growth, and Onyx is leading the charge in the hospitality space.
“Together, we will look to continue to simplify payments for customers using a secure and proven supplier payments solution.”
Based in the US, WEX focuses on providing a payment processing and information management services.
In January this year, the company agreed to acquire B2B payments companies eNett and Optal for $1.7bn.