Until not so long ago, cars were simply a means of getting from point A to point B. But the industry's biggest innovators are constantly developing its user experience & mobility as a whole. And thanks to this latest connected car solution, Daimler drivers will be able to pay for gas, parking, and numerous goods and services from the convenience of their dashboard - a big step in the right direction of innovative mobility.
In-car commerce is still in its early stages, but we can clearly see that it is finally picking up steam and is expected to grow exponentially in the next 5 years as payment giants are partnering with leading car manufacturers to drive innovation in this sector.
When you hear about linking payments to your car dashboard, you might wonder: how secure is my payment data if someone else gets access to my car?
But your biometric payments authentication is actually required to complete a transaction.
On top of that, Visa's tokenization services play a big role in making this solution extra secure.
Daimler is the first automaker to use Visa's Cloud Token Framework
A fun fact to mention, Daimler is the first automaker to use Visa's Cloud Token Framework, allowing customers to perform two-factor authentication without having to switch between multiple devices, like your mobile phone enabling this integrated experience.
Mobility-as-a-service actually goes back a long way, when public transportation providers innovated separately to make commuting more convenient. But today, instead of having to locate and pay for each mode of transportation separately, MaaS platforms allow you to book door-to-door rides in a single app.
However, the challenge now is: how to create a network of different transport modes and providers under one roof.
There are a number of drivers for the accelerated growth of MaaS. Let us start with perhaps the most pressing driver: sustainability. The 26th Climate Change Conference, held last week, emphasized the importance of taking action to combat climate change and the role mobility and financial solutions play in achieving that.
Aside from the increasing urgency to tackle climate change, today's technologies enable governments, transport providers, and payment platforms to introduce sustainable, user-friendly transport options that are accessible to the public.
That being said, the urgency to reverse the effects of climate change is greater than ever, and sustainability is no longer a “passing trend”, but an important issue that needs to be addressed by all stakeholders.
That's why PaymentGenes is organizing a roundtable discussion with experts from around the world to delve deeper into combining sustainability and business growth, and to address complicated payments issues that stand in the way of Mobility-as-a-Service.
To learn more about this roundtable, sign up now and reserve a spot on November 17 at 4:30pm Central European Time.
Mastercard has been under heat after it was announced that they will sharply increase interchange fees post-Brexit, revealing the power of credit card duopoly. Let's look at what caused this increase and how it could affect both merchants and buyers.
Cryptocurrency has been a hot topic in a number of recent news reports insert popups of news reports, and we’re seeing an increasing number of issuers and banks making efforts in expanding digital currency roadmaps. This article covers Visa’s crypto API pilot and the possible effects of this initiative.
Buy now, pay later pioneer Klarna is launching its own banking accounts in Germany. Klarna was already a bank as the holder of a Swedish banking license, but without fully playing the "Bank" role in Europe. This is a remarkable step and certainly a big challenge for challenger banks!