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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]
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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] In November 2022, the company acquired WebEye, a telematics business.[11] In April 2022, it collaborated with a Fintech company, Factris, to offer "Eurowag Cash". Eurowag Cash enables customers to factor their customer invoices.[12]
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Operations
The company processes fuel and toll payments for heavy goods vehicle drivers across Europe.[13][14]
References
External links
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