W.A.G. Issuing Services, A.S. (Czech Republic)

W.A.G. Issuing Services, a.s. is a Prague based electronic money institution within the Eurowag group (W.A.G. payment solutions) that provides regulated issuing and payment services for the group's products. The company focuses on issuance of electronic money and payment instruments used mainly in the commercial road transport sector, including fuel and service cards, and on execution and settlement of payment transactions related to fuel purchases, tolls and other on road services across Europe. It supports a wide network of acceptance points for Eurowag cards and processes transactions in multiple countries under licences granted by the Czech National Bank and passported to other European jurisdictions. Its services are aimed at freight and bus operators and other fleet customers using Eurowag solutions for consolidated payments, cash flow management and cost control. Key assets include its regulatory authorisation as an e money institution, integration with the Eurowag payment and mobility platform, risk and compliance systems and a large European merchant and customer base. Strategically, W.A.G. Issuing Services, a.s. functions as the core regulated issuing entity of the Eurowag group, underpinning the group's offer of comprehensive payment and mobility services for commercial road transport and supporting expansion of digital financial solutions for fleet operators.