WEX and Mastercard have formed a strategic partnership to launch a unified fleet payments network across Asia Pacific, including Australia as part of a regional rollout.

The network is designed to combine fuel, vehicle maintenance, tolling and parking payments into a single system for fleet operators in a market where annual fleet-card transaction volumes are estimated at about USD $310 billion, or AUD $435 billion.

The companies describe it as the first unified fleet payments network of its kind in Asia Pacific and expect it to handle billions of dollars in annual transactions as it expands across key markets in the region.

Fleet operators in Asia Pacific often manage spending across separate payment systems, with fuel, maintenance, tolls and parking billed through different channels. As a result, fleet managers can be left reconciling multiple accounts and dealing with fragmented data.

The deal comes as Asia Pacific becomes the fastest-growing fleet management region globally, according to figures cited by the companies. The region accounted for 31% of global fleet-card transaction volumes in 2025 and is projected to grow 14.3% a year through 2030, they said.

The partnership combines Mastercard's global payments network with WEX's fleet management business. Mastercard processed 175 billion transactions in 2025, while WEX processed more than USD $237 billion in total volume across its global commerce platform in the same year, according to the companies.

WEX said the new network is intended to give fleet managers a consolidated view of traditional vehicle costs and broader business spending. It also includes spend controls, line-item reporting and support for businesses operating mixed fleets of conventional, hybrid and electric vehicles.

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