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In-car payments are the intersection between connected vehicles and digital payments. By bringing the technology of the internet of things to cars, manufacturers are making a partnership with payment companies to allow drivers to make any purchase, car-related or not, from their vehicles wirelessly.

In-car payments stand as the intersection between connected vehicles and digital payments. By bringing the technology of the internet of things to cars, manufacturers are making a partnership with payment companies to allow drivers to wirelessly make any purchases, car-related or not, from their vehicles. The idea is to avoid cellphones, as the interface is already embedded in the car.

Another main activity covered by these connected systems would include the automation of payments for gas refueling; both the car and fuel pump would have to be connected to integrate tasks. With the help of popular digital assistant apps, drivers would also be able to take full advantage of complete monitoring of their expenses and needs. The same goes for parking: besides merely pointing out the availability of open parking spaces, in-car payments would turn the act of parking into a cashless, ticketless, and stress-free process for drivers.

Future Perspectives
The integration of in-car payment systems hold a promise to reduce congestion and therefore, pollution, by making routes smarter and more efficient. Besides, when cars are connected to a broader, smart city monitoring system, it is possible to gain a more comprehensive view of traffic, reducing wasted time while commuting and looking for parking. Parking lots, gas stations, mechanical workshops, insurance companies, and many other businesses related to urban mobility can also take advantage of this system to integrate their services and information into the interface. Furthermore, with the arrival of self-driving cars, other kinds of purchases could become popular among commuters when relieved of their duties as a driver.

In-car Payment

KEY TRENDS

Internet of Things