How Connected Cars Will Merge With Payment Technology
Law360 (August 8, 2019, 2:52 PM EDT) -- The United Kingdom government recently called for all new electric vehicle rapid charging points to offer pay-as-you-go debit or credit card options by spring 2020. This goal reflects the important role that payment technologies will play as electric and connected cars transform the auto industry.
An estimated 125 million connected passenger cars are expected to ship worldwide by 2022, a 270% increase since 2018, according to a Counterpoint Research report. In addition to using connected navigation and entertainment systems, and transmitting safety and performance data to insurance companies and car dealerships, their drivers will want to pay for everything from gas...
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