BAKU, Azerbaijan, February 5. Mastercard and Last Mile Solutions have announced a new partnership aimed at creating new payment standards for the electric vehicle (EV) charging industry that will improve users' payment experience at charging stations, Trend reports.
According to Last Mile Solutions, the new resolution will allow carriers to integrate their existing charging stations with various brands of payment terminals without unnecessary integration efforts. The new payment gateway solution will unify the user experience and simplify payment terminal integration, commissioning, and transaction processing.
To note, through this collaboration, Mastercard and Last Mile Solutions intend to promote the spread of electric vehicles in Europe by removing existing barriers and simplifying the charging process for drivers through compatible and universal payment solutions.
The solution will be rolled out throughout Europe in early 2024 to enable CPOs (charge point operators) to comply with EU AFIR regulations, which will come into force in April 2024.
"We are delighted to be partnering with Last Mile Solutions. The move towards mass adoption of electric mobility is key to building a more sustainable world. To achieve this goal, partnerships like this one are needed to make the transition as smooth as possible, not only for consumers but also for infrastructure operators," Mastercard's Executive Vice President of Market Development Europe George Simon said.
In turn, Last Mile Solutions CEO Eric van Voorden said that in the dynamic world of payment systems and EV charging, this strategic partnership between Mastercard and Last Mile Solutions will accelerate the seamless adoption of EVs.
"Our market leadership is driven by the fact that we offer a convenient solution for payment terminals at charging stations to modernize and build new charging stations. This collaboration is designed to support charging station operators to facilitate integration and ensure AFIR compliance. Our decision will allow operators to focus on their core business," he added.
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