Eurowag, Visa & Nexi unveil open-loop payment card for fleet payments

By Gloria Methri

Eurowag, Visa and Nets have partnered to offer a new open-loop, secure, contactless pre-paid payment card for fleet management.

The new Eurowag Visa card replaces the previous Eurowag Mastercard and is now commercially available. The card complements Eurowag’s existing closed-loop fuel offering, enabling customers to use their cards at any fuel station in Europe. Nets, part of Nexi Group, will remain the supplier of new cards for Eurowag.

Once linked to a specific vehicle, the Eurowag Visa card offers contactless, cashless payment capabilities for refreshments and accommodation while ensuring reliable security against fraud. Customers can also pay for traffic violation fines using the card.

“Eurowag’s membership of the Visa network brings new benefits to card users, but also various types of new FinTech services. In the future, we will be able to provide expense management through physical and virtual cards, tokenisation and mobile payments (Google Pay, Apple Pay), or a hybrid card combining closed and open loop features,” said Jiří Petrák, Head of Payment Product at Eurowag.

Henrik Anker Jørgensen, Senior Vice President and Head of Nets Baltic Region, said, “At Nets, ensuring speed and quality of implementation is core to our offering. We are proud to see that the value proposition of Nets Estonia is being applied to such an exciting Pan-European customer in the Fleet and Mobility segment.”

David Jones, Head of Fleet & Mobility at Nexi Issuing Solutions, added, “In Eurowag’s fleet, 280,000 active trucks are operating across 23 countries. Each vehicle must offer a secure, reliable and seamless way for its drivers to make payments wherever they are. As a key innovator in European payments, Nexi is keen to strengthen its foothold in the European Fleet and Mobility sector. We hope this partnership leads to further cooperation with Eurowag, leveraging the pan-European scale and strengths of both our companies to bring innovative and smarter payment solutions to Eurowag’s growing customer base.”

Branislav Beer, Head of Visa Commercial Solutions, CEE, said, “We are thrilled that Visa and Eurowag have begun collaborating on issuing fleet cards, which will help businesses managing fleets improve their payment processes. Visa Commercial Solutions equips businesses with robust tools to digitise and manage their payments effectively. This is just the beginning of our cooperation to provide valuable propositions through enhanced data, real-time control capabilities, invoice digitisation, connectivity to their accounting systems, and comprehensive fleet cost management solutions.”

The company also prepared a completely new design for all its payment cards, which will become available to customers from February 2025.