NATIVE IN-CAR PAYMENT MARKET

INTRODUCTION

 The ability to make payments directly through a car's infotainment system is referred to as native in-car payment. Drivers can use this feature to make purchases like gas, parking, and meals without getting out of their car.

Drivers can start transactions with native in-car payment using the touchscreen or voice commands in their car. Credit cards, mobile wallets, and even biometric authentication are just a few of the ways that the payment might be completed.

The popularity of native in-car payments is rising as more vehicles are outfitted with connected technologies. In addition to making driving more convenient, this function creates new revenue opportunities for companies that collaborate with automakers to provide this service.

NATIVE IN-CAR PAYMENT MARKET SIZE AND FORECAST

Global native in-car payment market  accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

NATIVE IN-CAR PAYMENT MARKET NEW PRODUCT LAUNCH

In spring Mercedes-Benz and Visa will collaborate to introduce native in-car payments in the UK and Germany, with further European markets to follow The car's fingerprint sensor will authorize payments, and purchases can be done straight through the head unit or MBUX.

The future all-electric Hyundai Ionic 5 crossover will feature an in-car payment system that will enable users to locate and pay for EV charging, meals, and parking.

The spread of software-centric technical innovations like in-vehicle payment options has been expedited by the pandemic. Fuel in-dash payment is currently the most popular application, accounting for 48% of all in-dash payment transactions. The possibility to pay from major petroleum companies like Shell Oil is already available.

A brand-new digital payment service called Mercedes pay+ has already been introduced by Mercedes-Benz and may be used directly inside of its vehicles.

A fingerprint sensor integrated into a few Mercedes-Benz vehicles enables and authorizes the payments made through the service. The actual solution makes use of the Delegated Authentication and Cloud Token Framework from Visa.

By connecting their card to their Mercedes me user account and turning on pay+ in the vehicle, cardholders with a qualifying Visa credit or debit card and a suitable vehicle can enable native Mercedes pay+.

NATIVE IN-CAR PAYMENT MARKET COMPANY PROFILE

• Mercedes-Benz
• BMW
• Ford
• General Motors
• Honda
• Mastercard
• Visa

THIS NATIVE IN-CAR PAYMENT MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many native in-car payment are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global native in-car payment and key vendor selection criteria
3. Where is the native in-car payment manufactured? What is the average margin per unit?
4. Market share of Global native in-car payment market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global native in-car payment in-house
6. key predictions for next 5 years in Global native in-car payment market
7. Average B-2-B native in-car payment market price in all segments
8. Latest trends in native in-car payment market, by every market segment
9. The market size (both volume and value) of the native in-car payment market in 2024-2030 and every year in between?
10. Production breakup of native in-car payment market, by suppliers and their OEM relationship