back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

HIPS and Vourity to enable crypto payment for EV charging in Europe

By Megha Bhattacharya

June 25, 2021

  • Europe
  • Hips
Share

HIPS Payment Group Ltd. and Vourity, a Swedish SaaS platform, announced their partnership, allowing crypto payment for 50,000 EV charging stations throughout the European Union (EU). Crypto payments will be totally incorporated in the Vourity platform and can link straight to the blockchain through Hips Merchant Protocol’s (HMP) native procedure token Merchant Token (MTO) starting November 2021.

“We are really pleased to announce this partnership as we believe it is forward-thinking on many fronts; allowing the use of crypto payments will make charging convenient for all EV drivers, which will accelerate the move to an all-electric vehicle future,” states John Cavebring, CEO of Hips.

Currently, the Vourity platform allows EV motorists to pay for charging by utilizing routine open payment approaches such as charge card (e.g., Visa and Mastercard), Apple Pay, Google Pay, Swish, and Bluecode. The partnership with Hips will broaden client payment processing choices, promoting using cryptocurrency as a feasible and available alternative.

“At Vourity, we are all about innovation and that starts with listening to EV drivers to understand and address their evolving needs. We want to make it easy for drivers to charge their car and offering an open platform that allows for crypto payments is the most logical choice for our next-generation world,” stated Hans Nottehed, CEO of Vourity.

Recently, Hips Payment Group has announced a partnership with The Payment House in a bid to enable payment with cryptocurrency in over 20,000 taxis in Scandinavia and 10,000 taxis in the UK. The solution, to roll out in beta November 2021, will use the HMP and its Merchant Gateway (HMP-gateway) over Ethereum. HMP, HMP-gateway and the governing Merchant Token (MTO) is a solution that introduces consumer protection concepts from the traditional card payment industry to the Ethereum blockchain, among others.

Previous Article

June 25, 2021

AIZEN to launch AI-based banking services in Southeast Asia

Read More
Next Article

June 25, 2021

NeoGrowth launches secured loan offerings for MSMEs

Read More










IBSi Daily News Analysis

The Weekly Wrap

August 12, 2022

Europe

The Weekly Wrap: all you need to know by Friday COB | August 12th

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

August 12, 2022

Gate.io Group announced receiving the VFA Class 4 License in Malta

Read More

August 12, 2022

Figure collaborates with Visa to provide issuing processor to its Banking in a Box Platform

Read More

August 11, 2022

Revolut states almost 1.5m customers from 32 countries have completed the ‘Learn & Earn’ course

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
IBS Intelligence - Global Digital Banking Vendor & Landscape Report Q2 2022
Global Digital Banking Vendor & Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Treasury & Capital Markets Systems Report Q2 2022
Treasury and Capital Markets Systems Report 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022