Mastercard & Last Mile Solutions to simplify EV charging in Europe
By Gloria Methri
Mastercard and Last Mile Solutions have joined forces to launch a new payment gateway solution for the Electric Vehicle (EV) charging industry, that will enhance the payment experience at charging stations.
The new solution will enable CPOs to integrate their (existing) charging stations with a variety of payment terminal brands seamlessly, without the need for extensive integration efforts.
The new payment gateway solution will unify the user experience and simplify payment terminal integration, onboarding, and transaction processing.
Through this collaboration, the companies aim to foster the uptake of electric vehicles throughout Europe by eliminating existing barriers and simplifying the charging process for drivers with interoperable and universal payment solutions.
The solution will be rolled out across Europe starting in early 2024 to enable CPOs to comply with the EU AFIR regulation that will come into force in April 2024.
“We are thrilled to be partnering with Last Mile Solutions. The transition to the mass adoption of electric mobility is key to building a more sustainable world. Achieving this requires partnerships like these to make the transition as seamless as possible, not only for consumers but also for infrastructure operators,” said George Simon, Executive Vice President of Market Development Europe, Mastercard.
“In the dynamic world of payment systems and EV charging, this strategic partnership between Mastercard and Last Mile Solutions will accelerate a seamless EV adoption. Our leadership in the market is anchored by providing an effortless payment terminal solution for charging stations for retrofit and newly built charging stations. This collaboration is designed to support Charge Point Operators to seamlessly facilitate integration and comply with AFIR. Our solution will allow operators to focus on their core business,” added Eric van Voorden, Chief Executive Officer of Last Mile Solutions.
IBSi Daily News Analysis
February 22, 2024
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