Credit card company Mastercard and Last Mile Solutions, an EV charging and smart energy management solutions firm, have announced a new partnership to establish new payment standards for the Electric Vehicle charging industry, that they say will enhance the user payment experience at charging stations.
The new solution will enable Charge Point Operators to integrate their existing charging stations with a variety of payment terminal brands seamlessly, without the need for extensive integration efforts. The companies say the new payment gateway solution will unify the user experience and simplify payment terminal integration, onboarding and transaction processing.
Through this collaboration, Mastercard and Last Mile Solutions say they are committed to fostering 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 early this year 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.” says George Simon, Executive Vice President, 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, Last Mile Solutions.
(Picture – Mastercard)