Emerging connectivity trend in Europe: In-car payment (2)

Eco-system players, and explore future prospects

2024/05/20

Summary
Digital payment acceptability and popular use cases
In-car payment platform: Parkopedia, HARMAN, Faurecia, Qualcomm
Android Automotive OS, Android Auto and Apple CarPlay as in-car payment enablers
Fintech companies/Payment service providers: ryd, J.P. Morgan, Samsung Checkout
E-commerce: Plugsurfing, Valtech

Summary

The digitalization of cars opens up new business opportunities for both OEMs and other players in the ecosystem.

Digital payments are already well established in everyday life. They are very convenient because they enable faster transactions and increase consumer satisfaction.

Together with platform providers, fintech companies and service providers, OEMs have now started implementing in-car payment systems in their latest vehicles to keep up with this trend.

This embedded solution enables vehicle occupants to carry out transactions at the touch of a button on the in-vehicle infotainment display without leaving their vehicle.

This report looks at the technical requirements to implement such systems in a car and at each player enabling the in-car payment ecosystem.

In addition, it addresses some of the use cases and highlights OEMs, that are at the forefront of the implementation of this technology.

The report is split in two parts. This is part two, which looks at the most popular use cases and customer acceptance and addresses the key players in the ecosystem enabling the implementation of this technology in the car.

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