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W. A. G. Payment Solutions
From Wikipedia, the free encyclopedia
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W. A. G. Payment Solutions, trading as Eurowag, is a Czech business which processes freight and road payments across Europe. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.[3][4]
 | A major contributor to this article appears to have a close connection with its subject. (September 2025) |
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History
The company was founded by Martin Vohánka as a petroleum trader in the Czech Republic under the name "W. A. G. Group" in 1995.[5] It launched its payment services platform, which operated under the trade name of "Eurowag", in 2000.[6] As of May 2021, the company was owned 59.1% by Vohánka and 32.7% by TA Associates.[7]
The company was the subject of an initial public offering on the London Stock Exchange in October 2021.[8][9][10] The flotation badly "misfired" reducing the company's valuation from the value predicted of £1.4 billion[11] to just £0.7 billion.[12]
In April 2022, it collaborated with a Fintech company, Factris, to offer "Eurowag Cash". Eurowag Cash enables customers to factor their customer invoices.[13]
In November 2022, the company acquired WebEye, a telematics business.[14] Then, in October 2022, it agreed to acquire a Polish business developing fleet management software, Inelo Group.[15]
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Operations
The company (i) processes fuel and toll payments for heavy goods vehicle drivers across Europe and (ii) offers fleet management, compliance and telematics services.[16][17]
Approximately 313,000 trucks were using its software in 2025.[18]
References
External links
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