GasBuddy, the smartphone app connecting nearly 70 million drivers with their perfect pit stop, unveiled Pay with GasBuddy, a new payment service that provides U.S. drivers with a discount off of virtually every gallon of gas they will ever purchase.
There are more than 200 million drivers in the U.S., spending more than $315 billion on gasoline each year. Using Pay with GasBuddy, these U.S. consumers can collectively save $7.2 billion on the approximately 143.4 billion gallons of gas they will pump in 2017.
“Today, GasBuddy breaks new ground as a media company building its own proprietary, secure, federated payments network for the more than $315 billion spent on retail gasoline,” said Walt Doyle, the CEO of GasBuddy. “The sheer scale and focus of our installed base of nearly 70 million drivers, combined with the value and convenience we’re delivering to the consumer, should make Pay with GasBuddy a very popular choice for U.S. motorists.
“Consumers have many options in their wallet, but only Pay with GasBuddy has been truly architected with the perfect pit stop in mind,” Doyle concluded.
Pay with GasBuddy is the first commercial product delivered from the strategic partnership announced earlier this summer with WEX, a leading provider of corporate payment solutions. For the last year, GasBuddy has also been assembling management, technology, engineering and operations talent from the likes of PayPal, Cumberland Farms SmartPay and Heartland Payment Systems as it built out a world-class team to commercialize secure consumer payments technology for the $315 billion retail gasoline market.
