Nuvei Powers In-Vehicle Payments for Volkswagen Brazil
Here’s a breakdown of the key information from the provided text:
* Volkswagen & Nuvei Partnership: Volkswagen has selected Nuvei to launch payment solutions for connected vehicles.
* Subscription Services: This will enable Volkswagen to offer and bill for subscription-based connectivity services (like data packages from telecom providers) directly through its in-car multimedia system.
* Recurring Payments: nuvei’s payment infrastructure will handle recurring payments for these services.
* Global Scalability: Nuvei’s global reach will allow Volkswagen to expand this solution to more markets.
* Embedded Finance: This is an example of embedded finance – allowing customers to make purchases within the app/digital experience (in this case, the car’s system) without being redirected.
* Benefits of Embedded Finance: Integrated payments (like this) improve customer experience, increase operational efficiency, and perhaps reduce costs for merchants (like Volkswagen). Reducing “friction” in the payment process can lead to more sales.
* nuvei Leadership Quotes: Philip fayer (Nuvei Chair & CEO) emphasized the seamless payment experience. Gigi Beyene (Nuvei SVP) highlighted the benefits of integrated payments.
* Related News: The north Carolina Turnpike Authority partnered with Volvo (though the connection to Nuvei isn’t explicitly stated in this excerpt).