Daimler Mobility and Visa Form Global Technology Partnership to Integrate Digital Commerce Into the Car Seamlessly and Conveniently – Yahoo Finance

Daimler Mobility and Visa Form Global Technology Partnership to Integrate Digital Commerce Into the Car Seamlessly and Conveniently – Yahoo Finance

  • From spring 2022, Visa’s technology will allow Mercedes-Benz customers in Europe to pay for goods and services by using their fingerprint in the car.

  • Daimler aims to make the car a payment device to initiate two-factor authentication.

STUTTGART, Germany & LONDON, November 08, 2021–(BUSINESS WIRE)–As a result of a new global technology partnership between Daimler Mobility and Visa, Daimler will offer “native” in-car payments. This means that entering passwords or relying on mobile devices for payment authentication may soon be a thing of the past as the vehicle itself becomes a biometrically enabled payments device, thanks to Visa’s Delegated Authentication technology.

From spring 2022 onwards, Mercedes-Benz customers in the UK and Germany will be able to make payments using a fingerprint sensor in the car, with other European markets to follow. Purchases can then be made directly through the car’s head unit, or MBUX. The solution is anticipated to be available in other markets globally at a later stage.

In-car commerce has become an integral aspect of the luxury customer experience. For example, Daimler Mobility’s global payment platform called Mercedes pay enables customers to buy goods and services directly in their car, including Mercedes me services, as well as for other use cases such as fuelling and parking.

Antony Cahill, Deputy CEO and Head of European Markets, at Visa in Europe:

“We are excited to bring to life a native solution for in-car payments for the first time, together with our partner Daimler Mobility. It is significant that both the successful pilot testing and initial launch activities are taking place in Europe, a world-leading hub for payments and automotive innovation. This is a powerful example of how the world’s leader in digital payments and the inventor of the automobile are able to combine their technologies to create the next generation of smart solutions for the automobility sector, providing the driver and passengers with a completely new in-car connected commerce experience.”

Franz Reiner, Chief Executive Officer, Daimler Mobility:

“Mercedes pay is our competence centre for in-car payment, through which we offer our customers worldwide digital services seamlessly integrated within the Mercedes-Benz ecosystem. In partnership with Visa, Daimler aims to offer native in-car payments that meet the requirements of two-factor authentication in a secure and user-friendly …….

Source: https://finance.yahoo.com/news/daimler-mobility-visa-form-global-100000175.html

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