In-Vehicle Payment Services: The Evolution of Vehicle Payment Services
In-Vehicle Payment Services The Rise of In-Vehicle Payment Services Over the past decade, contactless payments have seen a meteoric rise in popularity. With tap-and-go cards and mobile wallets, consumers enjoy the ease and convenience of making quick purchases without cash or even touching their payment terminal. This trend towards touchless transactions was already well underway when the Covid-19 pandemic accelerated its adoption out of health and safety concerns. As consumers have embraced contactless payments in their daily lives, the automotive industry has taken notice and begun exploring integrated payment solutions for vehicles. Embedded Payment Systems Major automakers have started equipping new In-Vehicle Payment Services with the capability to accept contactless payments right from the dashboard or center console. Systems like GM's Marketplace allow drivers to make purchases and pay for services without ever leaving the vehicle. Embedded payment terminals transmit a