Thursday, November 21, 2024
9.5 C
New York

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.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

Amundi Acquires Aixigo to Expand Wealth Management Technology Offerings

Strategic Acquisition: Amundi, Europe’s leading asset manager with...

Celero Commerce Acquires Precision Payments to Expand SME Payment Solutions

Acquisition Announcement: US fintech Celero Commerce has acquired...

Trust Payments Appoints Laurence Booth as New CEO to Drive Growth

Trust Payments, a leading London-based paytech company, has...

NatWest Partners with NCR Atleos to Modernize 5,500 ATMs

NatWest Group has expanded its collaboration with NCR...

Gate City Bank Partners with Alkami for Enhanced Digital Banking Solutions

Gate City Bank Embraces Alkami's Technology: North Dakota-based...

UK Government Unveils Strategy to Boost Financial Services Growth and Innovation

Driving Competitiveness in Finance: The new Labour government,...

Related Articles

Popular Categories

spot_imgspot_img