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July 24, 2014

Edenred enters into an alliance with American Express in Mexico

Edenred is teaming up with American Express to offer a unique joint fuel card solution for Mexico.

American Express will now offer its clients a solution combining the specific features of the Ticket Car® fuel card and American Express financing and credit facilities.  

This offer will bring companies the advanced functionalities of Ticket Car®, including the country’s largest private service station network, advanced monitoring of business expenses, and the ability to deduct fuel expenses and recover VAT with a single statement including all their spending. This joint solution will also answer the credit needs of companies, especially in the small and mid-sized segment.

We are pleased that American Express chose Edenred as a preferred fuel card partner in Mexico. This alliance will strengthen our value proposition and allow us to increase the penetration among small and mid-sized companies”, declared Diego Frutos, Managing Director of Edenred Mexico.

With this move, Edenred is pursuing its strategy of developing expense management solutions, which are targeted to account for over 20% of consolidated issue volume in 2016.

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