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Mercedes-Benz drives in-car fuel payments through new Mastercard partnership | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

Mercedes-Benz drives in-car fuel payments through new Mastercard partnership

Mercedes-Benz has partnered with Mastercard to allow customers in Germany to pay for fuel directly from their cars, offering a convenient in-car payment solution.

Facts

  • Mercedes-Benz collaborates with Mastercard for in-car payments in Germany.
  • Available for select car models, this partnership enables customers with Mastercard debit or credit cards to complete fuel transactions by scanning their fingerprint via the Mercedes Pay+ payment service.
  • The service is integrated with the Mercedes Fuel and Pay function, allowing it to calculate the fuel amount and cost before completing the transaction.
  • Research by GfK, commissioned by Mastercard, shows that 60% of 18 to 39-year-olds prefer paying for fuel directly through the car’s infotainment system.
  • Mastercard’s chief digital officer, Jorn Lambert, emphasizes the growing importance of digital payments in everyday experiences.
  • Mercedes-Benz plans to integrate additional services in the future.
  • Mercedes-Benz already offers in-car payments through Visa’s technology, and with Mastercard, it aims to expand payment capabilities to 3,600 participating service stations in Germany.

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