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Assessment Services Market to Surge from USD 9,505 Million in 2024 to USD 24,560.45 Million by 2032, Driven by a 12.60% CAGR and Technological Advancements | Credence Research Inc.

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PUNE, India, Jan. 13, 2025 /PRNewswire/ — Market Size Overview of Assessment Services

The Assessment Services Market is poised for remarkable growth, with its value projected to increase from USD 9,505 million in 2024 to an impressive USD 24,560.45 million by 2032, reflecting a robust compound annual growth rate (CAGR) of 12.60% during the forecast period. This growth is driven by the escalating demand for assessment tools across industries such as education, corporate, and government sectors. The rising emphasis on skill development, employee performance evaluations, and standardized testing in academic institutions has significantly contributed to the market’s expansion. Additionally, the integration of advanced technologies like artificial intelligence (AI) and data analytics into assessment platforms has enhanced their efficiency, making them increasingly popular among organizations aiming to streamline their evaluation processes.

The growing trend of online learning and remote work has further fueled the adoption of digital assessment services, offering scalability and flexibility. Organizations are leveraging these services to enhance recruitment processes, identify skill gaps, and ensure workforce readiness. Moreover, government initiatives promoting education and skill enhancement programs, particularly in emerging economies, are expected to bolster market growth. With the continuous evolution of assessment methodologies and the increasing need for precise and efficient evaluation tools, the market is anticipated to witness sustained demand in the coming years.

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Assessment Services Market Drivers

Increasing Demand for Skill-Based Evaluations

Across industries, there’s a surging emphasis on skill development that’s propelling the Assessment Services Market into new realms. Organizations are embracing sophisticated assessment tools to identify skill gaps, refine recruitment processes, and evaluate employee performance with greater precision. This isn’t just about ticking boxes; it’s about crafting teams with the exact capabilities needed to innovate and excel.

The shift toward competency-based hiring and promotion is more than a passing trend—it’s a strategic imperative. Companies are moving beyond traditional credentials, focusing instead on the tangible abilities individuals bring to the table. Tech giants like Google and Amazon have famously adopted rigorous skill assessments in their hiring practices, ensuring candidates can meet the dynamic demands of their roles from day one.

In the education sector, the adoption of standardized testing and online assessments is accelerating as institutions strive to enhance learning outcomes and streamline admissions. By leveraging online platforms, universities can reach a global pool of applicants, evaluating them through adaptive tests that provide deeper insights into their true potential. It’s a move that not only broadens access but also personalizes the educational journey for each student.

Technological Advancements in Assessment Platforms

The integration of advanced technologies—artificial intelligence (AI), machine learning (ML), and data analytics—has revolutionized assessment services. These innovations enable the creation of adaptive tests that adjust in real-time to a participant’s performance, providing a more accurate measure of their abilities. Automated evaluations and instantaneous feedback mechanisms are enhancing accuracy and efficiency like never before.

The explosion of online learning and remote work has further accelerated the adoption of digital assessment platforms. Organizations and educational institutions are leveraging these tools to evaluate skills and competencies in a virtual environment. The scalability and flexibility offered by digital assessments make them an attractive solution for administering tests to large groups without the logistical challenges of traditional methods.

Moreover, these platforms are cost-effective, reducing the need for physical infrastructure and printed materials. They also offer the advantage of detailed analytics, allowing organizations to pinpoint specific areas where individuals or teams may need additional development. It’s not just about assessing—it’s about building pathways for continuous improvement.

Government Initiatives and Education Reforms

Around the world, governments are stepping up like never before to revolutionize education and skill development. They’re not just tweaking old systems—they’re investing substantial resources to reshape the entire landscape. According to UNESCO, global education expenditure accounts for about 4.5% of the world’s GDP, highlighting an unprecedented focus on nurturing human capital.

Take India, for instance. The ambitious Skill India initiative aims to equip over 400 million citizens with vital skills by 2022. With significant funding directed toward vocational training—reportedly around ₹17,000 crores (approximately $2.3 billion USD)—the country is striving to bridge the yawning skill gap that hampers economic growth. These efforts are anticipated to reduce unemployment rates, which stood at 7.2% in early 2023, according to the Centre for Monitoring Indian Economy (CMIE).

Similarly, China’s education reforms have seen massive investments. In 2020, China allocated over ¥5 trillion yuan (about $750 billion USD) to education, emphasizing the integration of technology into classrooms and assessment methods. This strategic move aims to prepare a workforce adept in modern technologies, aligning with China’s vision to be a global leader in innovation.

In Africa, nations like Kenya are increasing their education budgets significantly. Kenya’s government designated 26% of its total budget to education in 2021, one of the highest rates globally, focusing on implementing standardized testing and investing in teacher training to elevate educational outcomes. Such investments are not just numbers on a budget sheet—they represent a global commitment to reduce unemployment and prepare workforces for the challenges of the 21st century.

By promoting e-learning, vocational training, and standardized testing, these government initiatives are directly fueling growth in the assessment services market. The adoption of assessment tools in emerging economies has seen a growth rate of over 15% annually, as reported by the International Association for Educational Assessment (IAEA), underscoring the impact of these reforms.

Rising Adoption of Remote and Online Assessments

The digital revolution isn’t slowing down—in fact, it’s accelerating, especially in the realms of work and education. The global shift toward remote operations has catapulted the demand for virtual assessment services to new heights. According to a report by Global Market Insights, the e-learning market is projected to surpass $375 billion USD by 2026, a testament to the booming online education sector.

Organizations worldwide are harnessing these tools to break down geographical barriers, making evaluations more seamless and efficient. During the COVID-19 pandemic, over 90% of educational institutions in developed countries transitioned to online assessments, as reported by the OECD. In the United States alone, the use of online proctoring services surged by 500% between 2020 and 2021.

In the corporate sphere, a survey by Gartner found that 74% of companies plan to shift some of their employees to permanent remote work post-pandemic. With this change, the adoption of online assessment tools for recruitment and training has surged. Approximately 60% of organizations have increased their investment in virtual assessment tools in the past two years to ensure they can effectively evaluate a dispersed workforce.

The benefits are clear: online assessments reduce costs associated with physical testing centers by up to 50%, eliminate scheduling conflicts, and provide scalable solutions for large organizations. Moreover, they offer real-time analytics and immediate feedback, enhancing the overall efficiency of the evaluation process. They’re not just a convenience—they’re becoming a necessity in a connected world.

Assessment Services Market Restraints

Data Security and Privacy Concerns
One of the primary restraints impacting the growth of the Assessment Services Market is the increasing concern over data security and privacy. Assessment platforms collect and store large volumes of sensitive data, including personal information, test results, and organizational insights. The risk of data breaches, unauthorized access, and cyberattacks poses significant challenges for service providers. Stringent data protection regulations, such as GDPR and CCPA, require organizations to implement robust security measures, increasing operational costs and complexity.

Limited Technological Access in Emerging Economies
While the adoption of digital assessment tools is accelerating globally, many emerging economies face infrastructural and technological limitations that hinder market growth. Issues such as unreliable internet connectivity, lack of access to advanced devices, and inadequate digital literacy in remote areas restrict the widespread implementation of online assessment solutions. These barriers reduce the scalability of assessment services in regions where their potential for impact is high.

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Growth Opportunities in the Assessment Services Market

Expansion of Digital Learning and E-Learning Platforms
The rapid growth of digital learning and e-learning platforms offers significant opportunities for the Assessment Services Market. With educational institutions and corporate training programs increasingly adopting online methods, there is a rising demand for scalable and efficient assessment solutions. Advanced tools that integrate with learning management systems (LMS) can enhance user engagement by offering personalized evaluations and adaptive testing. Emerging technologies like gamification and immersive assessments using virtual reality (VR) and augmented reality (AR) further expand possibilities for innovative and interactive assessment methods.

Growing Adoption in Corporate Training and Recruitment
The corporate sector presents lucrative growth opportunities as organizations prioritize employee skill development, performance evaluation, and talent acquisition. Assessment tools designed to identify competencies, enhance onboarding processes, and measure productivity are in high demand. Companies are leveraging psychometric tests, leadership assessments, and technical skill evaluations to align workforce capabilities with business objectives. Additionally, the increasing adoption of remote hiring practices has spurred the demand for virtual assessment platforms.

Rising Focus on Vocational Training and Certification Programs
The growing emphasis on vocational training and certification programs, especially in emerging economies, is driving the need for specialized assessment services. Governments and private organizations are launching initiatives to upskill the workforce and enhance employability, creating a demand for certification-oriented evaluations. Platforms offering industry-specific assessments and real-time analytics are particularly well-positioned to capture this growing market segment.

Regional Market Expansion and Customization
Emerging markets in Asia Pacific, Latin America, and Africa offer untapped potential for assessment services, driven by increasing investments in education and technology infrastructure. Tailored solutions addressing regional languages, cultural nuances, and local educational standards can significantly expand market reach. Furthermore, collaborations with regional governments, educational institutions, and enterprises provide opportunities to establish a strong foothold in these high-growth regions.

Assessment Services Market Segmentation Analysis

By Assessment Type
The Assessment Services Market is segmented into Aptitude Tests, Personality Tests, Skill Tests, Behavioural Assessments, Psychometric Assessments, Career Assessments, Leadership Assessments, and Others. Among these, aptitude and skill tests dominate due to their widespread use in recruitment and training programs. Psychometric and behavioral assessments are gaining traction for their ability to evaluate emotional intelligence and leadership potential, especially in corporate and academic settings. Career assessments, tailored to guide individuals in selecting suitable career paths, are becoming popular in education and vocational training sectors.

By Industry Vertical
Based on industry verticals, the market encompasses Information Technology (IT), Healthcare and Life Sciences, Banking, Financial Services, and Insurance (BFSI), Manufacturing, Retail, Education, Government and Public Sector, and Others. The IT and BFSI sectors are key contributors due to their reliance on robust hiring and skill evaluation processes. Education remains a prominent segment, driven by the adoption of standardized testing and digital assessments in schools and universities. The government and public sector also show significant adoption, particularly in workforce evaluations and skill certification programs.

By Organization Size
The market is categorized into Small and Medium-sized Enterprises (SMEs) and Large Enterprises. Large enterprises lead the adoption of assessment services due to their extensive hiring, training, and performance evaluation requirements. However, SMEs are rapidly integrating cost-effective and scalable online assessment platforms to enhance recruitment efficiency and employee development, contributing to steady market growth in this segment.

By Delivery Mode
Assessment services are delivered through Online Assessment Platforms, In-person Assessments, and Blended (Online and In-person) modes. Online platforms dominate the market owing to their scalability, flexibility, and real-time analytics capabilities. The blended mode is also growing in popularity, combining the advantages of digital tools with personalized in-person evaluations, particularly in leadership and behavioral assessments. In-person assessments continue to be relevant for high-stakes testing and specialized evaluations.

Segmentation of Global Assessment Services Market-

Segmentations:

By Assessment Type:

Aptitude TestsPersonality TestsSkill TestsBehavioural AssessmentsPsychometric AssessmentsCareer AssessmentsLeadership AssessmentsOthers

By Industry Vertical:

Information Technology (IT)Healthcare and Life SciencesBanking, Financial Services, and Insurance (BFSI)ManufacturingRetailEducationGovernment and Public SectorOthers

By Organization Size:

Small and Medium-sized Enterprises (SMEs)Large Enterprises

By Delivery Mode:

Online Assessment PlatformsIn-person AssessmentsBlended (Online and In-person)

By Region:

North AmericaU.S.CanadaMexicoEuropeGermanyFranceU.K.ItalySpainRest of EuropeAsia PacificChinaJapanIndiaSouth KoreaSouth-east AsiaRest of Asia PacificLatin AmericaBrazilArgentinaRest of Latin AmericaMiddle East & AfricaGCC CountriesSouth AfricaRest of the Middle East and Africa

 

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Regional Analysis of Assessment Services Market

North America
North America holds a dominant position in the Assessment Services Market, driven by the widespread adoption of advanced evaluation tools across industries. The region benefits from a well-established IT infrastructure and a high demand for online assessments in corporate training, recruitment, and education. The United States, being a global hub for technological innovation, leads the market with its focus on digital transformation in learning and talent management. Government initiatives promoting standardized testing and workforce upskilling further contribute to market growth.

Europe
Europe is a significant market for assessment services, with robust demand from education and corporate sectors. Countries like the United Kingdom, Germany, and France are at the forefront due to their emphasis on vocational training and leadership development programs. The region’s regulatory focus on data security and privacy has led to the adoption of secure, compliant assessment platforms. Additionally, the growing adoption of psychometric and behavioral assessments in recruitment processes is fueling market expansion.

Asia Pacific
The Asia Pacific region is experiencing rapid growth in the Assessment Services Market, primarily driven by emerging economies like China, India, and Southeast Asian countries. A burgeoning population, increasing investments in education, and government-led skill development programs are key factors propelling demand. The corporate sector in this region is increasingly leveraging online assessment tools to address the challenges of large-scale recruitment and training needs, making it a high-potential market.

Latin America
Latin America is steadily adopting assessment services, supported by the growing emphasis on education reforms and workforce development programs. Countries like Brazil and Mexico are key contributors, with increasing adoption of online platforms in schools, universities, and organizations. The market faces challenges due to limited technological access in some areas but shows promise as infrastructure improves.

Middle East and Africa
The Middle East and Africa region is witnessing gradual growth in the adoption of assessment services, with a focus on education and government-led initiatives. Investments in digital education and vocational training programs in Gulf Cooperation Council (GCC) countries are creating opportunities for market expansion. However, infrastructural limitations and resistance to digital transformation in certain areas pose challenges to widespread adoption.

Top Companies –

Aon Assessment SolutionsHogan AssessmentsPearson VUEIBM CorporationMercer MettlTalogy (formerly PSI Services)SHLThomson PrometricKorn FerryTeamLease

Latest Developments:

October 2024: Aon launched its DeCode™ platform, a comprehensive online talent assessment tool tailored for junior to middle management roles. This platform is designed to assess employees’ capabilities in managing resources and leading teams effectively. It emphasizes a robust set of tools for career movement and leadership development, aiming to enhance organizational performance through targeted assessments.

August 2024: Hogan introduced the Hogan Judgement Assessment (JUD), which evaluates candidates’ judgment and leadership potential by integrating elements from existing assessments. This new tool aims to provide deeper insights into candidates’ cognitive abilities and personality traits under pressure.

July 2024: Pearson VUE opened a new test center in Nairobi, Kenya, expanding its global footprint. This center will facilitate high-stakes examinations like the NCLEX-RN, addressing regional healthcare certification needs and enhancing access for candidates in East Africa.

October 2024: Pearson VUE partnered with Claris International Inc. to deliver enhanced certification exams for IT professionals using the Claris FileMaker platform. This partnership aims to streamline certification processes and improve accessibility through Pearson VUE’s extensive test center network.

January 2024: Mercer Mettl launched an AI-based Spoken English Evaluation Tool named SpeechX. This tool utilizes advanced speech recognition technology to assess English proficiency, enhancing their assessment offerings for educational institutions and corporate clients alike.

October 2024: Talogy appointed Russ Becker as the new CEO, aiming to drive growth and innovation in talent management solutions. This leadership change is part of a strategic initiative to enhance their market position and expand their service offerings globally.

Reasons to Purchase this Report:

Gain a comprehensive understanding of the market through qualitative and quantitative analyses, considering both economic and non-economic factors, with segmentation and sub-segmentation details provided in terms of market value (USD Billion).Identify regions and segments expected to experience the fastest growth or dominate the market, with a detailed analysis of geographic consumption patterns and the factors driving or hindering market performance in each region.Stay informed about the competitive environment, with rankings of major players, recent product and service launches, partnerships, business expansions, and acquisitions from the past five years.Access detailed profiles of major market players, including company overviews, insights, product benchmarking, and SWOT analysis, to understand competitive advantages and market positioning.Explore the present and forecasted market landscape, with insights into growth opportunities, market drivers, challenges, and constraints for both developed and emerging regions.Benefit from Porter’s Five Forces analysis and Value Chain insights to evaluate various market perspectives and competitive dynamics.Understand the evolving market scenario, including potential growth opportunities and trends expected in the coming years.

Preview the report with a detailed sample and understand how it can benefit your business strategy. Request a free sample today – https://www.credenceresearch.com/report/assessment-services-market 

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ZKH Group Limited to Announce First Quarter 2026 Financial Results on Thursday, May 21, 2026

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SHANGHAI, May 7, 2026 /PRNewswire/ — ZKH Group Limited (“ZKH” or the “Company”) (NYSE: ZKH), a leading maintenance, repair and operations (“MRO”) procurement service platform in China, today announced that it will release its unaudited financial results for the first quarter 2026, on Thursday, May 21, 2026, before the open of the U.S. markets.

The Company’s management will hold an earnings conference call on Thursday, May 21, 2026 at 7:00 A.M. U.S. Eastern Time (7:00 P.M. Beijing/Hong Kong Time) to discuss the financial results. Listeners may access the call by dialing the following numbers:

United States (toll free):

+1-888-317-6003

International:

+1-412-317-6061

Mainland China (toll free):

400-120-6115

Hong Kong (toll free):

800-963-976

Hong Kong:

+852-5808-1995

Access Code:

2335796

A replay of the conference call will be accessible by phone one hour after the conclusion of the live call at the following numbers, until May 28, 2026:

United States:

+1-855-669-9658

International:

+1-412-317-0088

Replay Access Code:

6840038

A live and archived webcast of the conference call will also be available on the Company’s investor relations website at https://ir.zkh.com.

About ZKH Group Limited

ZKH Group Limited (NYSE: ZKH) is a leading MRO procurement service platform in China, underpinned by robust supply chain capabilities and dedicated to serving customers globally through a product-led, agentic AI-driven approach. Through its primary online platforms, the ZKH platform, the GBB platform and the Northsky platform, along with innovative technology and extensive industry expertise, the Company provides bespoke MRO procurement solutions to a diverse and loyal customer base. These solutions encompass hyper-personalized product curation from a comprehensive selection of quality products at competitive prices. Additionally, the Company ensures timely and reliable product delivery through professional fulfillment services. By focusing on reducing procurement costs and addressing management efficiency challenges, ZKH is transforming the opaque MRO procurement process and empowering all stakeholders across the value chain.

For more information, please visit: https://ir.zkh.com.

For investor and media inquiries, please contact:

ZKH Group Limited
IR Department
E-mail: IR@zkh.com

Christensen Advisory
Email: zkh@christensencomms.com

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SOURCE ZKH Group Limited

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Goldman Sachs, J.P. Morgan, TD Securities, Morgan Stanley, and Bank of America Join LTX in Bid to Unlock Greater Liquidity in Corporate Bonds

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May 7, 2026

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Broadridge-backed LTX to add Representatives from J.P. Morgan and TD Securities to its Board of Directors

NEW YORK, May 7, 2026 /PRNewswire/ — LTX, an AI-powered corporate bond e-trading venue backed by global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR), today announced that Goldman Sachs, J.P. Morgan, TD Securities (through its subsidiary, TD Financial Products LLC), Morgan Stanley, and Bank of America have joined LTX as fully integrated liquidity providers. This major milestone underscores the participants’ commitment to serving buy-side clients by delivering increased choice and improving liquidity in fixed income markets. J.P. Morgan and TD Securities will each appoint a representative to LTX’s Board of Directors.

The AI-powered LTX corporate bond e-trading platform offers investors access to a suite of innovative trading tools including the award-winning BondGPTSM solution. These leading dealers will provide investment grade and high yield bond liquidity on the platform, joining 40+ liquidity providers and 100+ buy-side investors already on LTX.

Patrick Whelan, Global Head of FICC Digital Markets at JP Morgan, said, “In a competitive market, we’re committed to supporting new entrants and fostering greater competition in the US credit multi-dealer platform landscape. Our collaboration with LTX leverages innovative technology to broaden investor access, enhance liquidity, and streamline execution—empowering clients with more choice and driving industry advancement.”

“We’ve been impressed by LTX’s commitment to deliver innovative execution and artificial intelligence solutions to both sell-side and buy-side participants,” said Marty Mannion, Co-Head of TD Financial Products.  “We are excited to enter into this strategic partnership and accelerate these efforts to drive greater efficiencies in the corporate bond market.”

“We are excited to welcome these five leading dealers as fully integrated liquidity providers and look forward to working with them to drive increased liquidity and execution in the fixed income marketplace,” said Chris Perry, President of Broadridge. “Broadridge’s commitment to helping our clients innovate and grow through cost effective technology solutions is further reinforced by the inclusion of these premier institutions. I’m also excited to welcome J.P. Morgan and TD Bank to the Board of LTX.”

“We’re thrilled to be working with Goldman Sachs, J.P. Morgan, TD Securities, Morgan Stanley, and Bank of America as liquidity providers on LTX,” said Jim Kwiatkowski, CEO of LTX. “The combination of LTX’s innovative trading tools and AI-powered workflows with the deep liquidity and market expertise of these leading institutions positions us to help transform corporate bond trading. Together, we are unlocking liquidity, optimizing efficiency, and helping drive down trading costs for the market. It’s an exciting time for LTX, for our growing list of buyside clients, and for the future of corporate bond trading.”

Backed by Broadridge, LTX was created to address corporate bond market challenges that have slowed the growth in adoption of electronic trading compared to other markets by offering certain benefits. These include facilitating essential dealer-client relationships, lower trading and data costs, and better e-trading options for large sized trades. Partnering with some of the leading market participants, LTX is uniquely positioned to address these industry pain points by using patented AI and execution protocols to deliver improved liquidity at a lower cost, while facilitating relationships between dealers and buy-side clients through direct, fully disclosed trading. The addition of these liquidity providers underscores LTX’s position as a dynamic marketplace for buy- and sell-side corporate bond market participants.

LTX’s latest  innovation, BondGPT Intelligence, brings GenAI-powered insights directly into investing and trading workflows, anticipating traders’ needs and helping them identify opportunities and execute trades more efficiently. Using patented technology for the methods and systems behind BondGPT including the large language model (LLM) orchestration of machine learning agents, these milestones build on LTX’s legacy of harnessing innovation to further electronify the corporate bond market and reinforce Broadridge’s commitment to advancing intelligent trading solutions.

About LTX
LTX is an electronic trading platform that enables corporate bond market participants to trade smarter, combining powerful, patented artificial intelligence with innovative e-trading protocols to improve liquidity, efficiency, and execution. The Liquidity Cloud is LTX’s secure network of actionable disclosed sell-side axes and anonymous buy-side indications of interest (IOIs). LTX leverages Broadridge Business Process Outsourcing, LLC as its broker dealer.

For more information about LTX, please visit www.ltxtrading.com.

About Broadridge
Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.

Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over $15 trillion in tokenized and traditional securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries.

For more information about us, please visit www.broadridge.com 

Broadridge Contacts:

Investors:
broadridgeir@broadridge.com           
Media:
Gregg.Rosenberg@broadridge.com 

 

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SOURCE Broadridge Financial Solutions, Inc.

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Electric Era Teams with WEX to Drive Customers and Revenue to Retail-Based Charging Locations

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SEATTLE, May 7, 2026 /PRNewswire/ — Electric Era, America’s leading retail-first EV charging company, today announced the addition of WEX® fleet payment processing services to their retail-based EV fast charging systems across the U.S.

Adding WEX fleet cards as a payment option underscores Electric Era’s unique strategy to design DC fast charging systems that function as marketing platforms for retailers to draw-in customers to grow sales revenues. With WEX, Electric Era’s chargers are available to WEX Fleet EV drivers to use at prominent fuel retailers in the Skycharger Network, Plaid Pantry and Space Age locations, and will be rolling out across Electric Era stations at Love’s Travel Stops, Giant Eagle and more soon.

“Our vision is to make EV charging as ubiquitous as traditional petroleum fueling with equally dependable charging stations located in safe, accessible locations to drive traffic and revenues to retail and food establishments,” said Quincy Lee, Electric Era CEO and founder. “By adding WEX, we’re creating new opportunities to drive even more store traffic to our retail customers, while simplifying payment processing for EV drivers and fleet operators.”

With the addition of WEX, commercial EV drivers will be able to use their WEX EV RFID or WEX DriverDash® mobile app to charge at Electric Era EV charging sites, and utilize WEX’s proprietary payment network to process payments, while simultaneously capturing charging data, driver ID, locations and vehicle mileage. This allows fleet managers to simplify billing, controls and expense tracking for both their electric-powered and internal combustion engine (ICE) fleet vehicles simultaneously.

“We’re focused on making mixed-energy fleet management seamless for fleet operators, and this is an important step toward making that happen,” said Sarah Booth, senior director, WEX Connected Fleet. “This collaboration with Electric Era adds reliable, retail adjacent EV fast charging to our growing network and will help our customers efficiently manage both electric and traditional fueled vehicles within a single account.”

Simple and easy to use, Electric Era’s EV chargers are available to all EV drivers and do not require special apps or accounts to use them. Simply tap a valid credit, debit or – and now a WEX RFID card – to pay for charging. EV fleet drivers can also pay via the WEX DriverDash mobile app.

A Retail-First EV Charging Platform
Founded by a SpaceX engineer, Electric Era reimagines high-power EV charging systems from the ground up to break down the barriers to rapid deployment of highly reliable DC fast charging systems. To make level-3 DC fast charging a profitable, market-driven solution, Electric Era designed their chargers specific for retail businesses to leverage retail adjacency and utilize the charging kiosks as an extension of company brand and retail space.

Electric Era’s patented battery-backed power architecture and energy management system enables their chargers to be installed as fast as 60-days, while delivering 400 kW max charge output with 99.8% per-port reliability – the new industry standard.

To help convenience stores and fuel retailers leverage the unique revenue-driving opportunities of DC fast charging systems, Electric Era provides complete start-to-finish, turn-key installations of their retailer-branded chargers – including successfully coordinating grant funding that reduces upfront CapEx costs to de-risk deployments and generate faster ROI.

About Electric Era
Electric Era is the only full-service EV charging solutions provider focused on the rapid deployment of highly reliable Level-3 DCFC systems at retail locations to grow and extend their retail space. Electric Era’s patented battery-backed charging architecture and bespoke, retail-first charging solutions deliver industry-leading power and reliability in a package that dramatically reduces installation time and energy costs.

For more information and the latest Electric Era updates, go to electricera.tech or follow us on
X: @ElectricEraTech LinkedIn: Electric-Era Facbook: ElectricEraTechnologies and YouTube: electricera.tech

SIDEBAR

HED: Electric Era + WEX® Opening Doors to Fleet Productivity and Retail Opportunities

As transportation-centric businesses accelerate EV adoption to reduce carbon emissions and lower operating costs, the Electric Era + WEX alliance enables fleet operators to:

Simplify company/driver-specific dashboards to simultaneously track both petro-fuel and electric charging platformsTrack EV specific expenses as a line item in familiar report formats – with similar levels of oversight and control as petroleum refuelingAllow retailers to gain access to WEX’s customer base to help attract new customers and increase store traffic for additional retail revenuesOpens the door to future QSR/fuel retailer loyalty program offerings via Electric Era’s EV charging systemsFurther strengthens Electric Era’s retail-first EV charging systems for retail and QSR/refueling locations and leader in public/private funded installations

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SOURCE Electric Era

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