In-Vehicle Payment Systems

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In-Vehicle Payment Systems

The FordPass initiative by Ford for parking payments; Visa's mobile payment concept in collaboration with Honda for fuel and parking; and Parkopedia's partnership with several OEMs  these are just a few examples that showcase the opportunities in store for OEMs, auto manufacturers, and financial services companies in the field of in-vehicle payment systems. The introduction of in-vehicle cashless payment systems enables several applications, which include paying for parking and car washes and at tolls, drive-thru restaurants, and fuel stations. More advanced in-vehicle payment systems may also allow digital personal assistants or a natural voice interface to make payments for flights, event tickets, and car hire while driving.

Persistence Market Research identifies user requirements, understands their expectations, and offers solutions to the problems that face the in-vehicle payment systems market. Privacy and security concerns that are likely to arise with the use of such cashless payment systems are also addressed by our team of researchers and consultants to ensure successful adoption.

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