Mexico Fuel Card Market to 2027 – Country Analysis and Forecasts by Type (Branded Fuel Cards, Merchant Fuel Cards, and Universal Fuel Cards); and Application (Fuel Refill, Parking, Vehicle Service, Toll Charge, and Others)
Fuel cards enable enhanced tracking of fleet expenses and efficiency of the fleet by tracking real-time mileage and fuel usage by vehicles in a fleet. Fleet operators use fuel cards for costs such as truck maintenance, truck repairs, fuel, truck cleaning, and replacement vehicle rental, among others. Data captured by a fuel card include odometer reading, fuel grades, fuel product, and quantity of fuel, vehicle ID, driver ID and tax information along with transaction details such as time, location, spend amount and date support rich repowering for fleet managers. These features of fuel card are significantly driving the Mexico fuel card market.
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Strategic Insights
Merger & acquisition strategy is commonly adopted by companies to expand their footprint worldwide and meet the growing demand in Mexico fuel card market. Few of the recent developments in Mexico fuel card market are listed below;
2018: Edenred, the world leader in transactional solutions for companies, employees and merchants, today announced the signing of an agreement to acquire 80% of the share capital of The Right Fuelcard Company (TRFC) group, the number four fuel card program manager in the United Kingdom.
2018: Mastercard unveiled a new service to automatically integrate fuel and maintenance data from a connected car’s dashboard into the payment process. The service will streamline the process, providing fleet managers greater transparency and control.
Mexico Fuel Card Market – By Type
- Branded Fuel Cards
- Merchant Branded Fuel Cards
- Universal Fuel Cards
Mexico Fuel Market- By Application
- Fuel Refill
- Parking
- Vehicle Service
- Toll Charge
- Others
Mexico Fuel Card Market- Companies Profiles
- BP PLC
- Edenred SA
- Exxon Mobil
- FleetCor Technologies Inc.
- LeasePlan Corporation
- Royal Dutch Shell PLC
- Total SA
- US bank
- Wex, Inc.
- World Fuel Corporation
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