PURCHASE, N.Y.—The next chapter in the automotive industry is just beginning, says Mastercard. The payments network announced it is partnering with SAP and the company’s Connected Vehicles Network platform.
“Through that collaboration, and over the next six months, we will offer consumers in the U.S. the ability to complete live transactions in-vehicle for things like parking, fuel, and food ordering and delivery through a number of pilot programs in select markets. Additionally, we are working with Postmates to offer on demand food ordering and delivery within the vehicle,” Mastercard said.
“Our commitment at Mastercard has always been to enhance the consumer experience by extending our payment capabilities across the ever-growing number of connected devices, so people can simply and securely pay and get paid,” continued Mastercard. “And with 70 million connected vehicles expected to be shipped globally by 2022, and 23 million fully automated vehicles predicted to be on U.S. roads in 2035 representing a new point of interaction that brings commerce directly inside the vehicle.
By engaging with “likeminded partners” that share Mastercard’s “vision of transforming the consumer experience,” the company expects to enable:
- New ways to conduct commerce in a completely seamless way, providing added convenience for consumers on the go
- Ways for car manufacturers to further enhance their customer relationships
- Help merchant and bank partners extend their reach into this new channel