FinTech: Mercedes-Benz And Mastercard Launch In-Car Fingerprint Payments System In Germany

September 26, 2023 | FinTech, News

Customers can conveniently and securely make digital payments at over 3,600 service stations across Germany, using a fingerprint sensor integrated into their car.

Mercedes-Benz (ETR: MBG) has teamed up with Mastercard (NYSE: MA) to introduce an innovative in-car payment system for customers in Germany. This groundbreaking technology allows drivers to initiate the fueling process directly from their vehicle and make digital payments using their fingerprint. This eliminates the need for PINs or mobile device authentication, providing a convenient and secure in-car payment experience.

This service, known as Mercedes pay+, leverages the fingerprint sensor integrated into the MBUX infotainment system. It is currently live with Mastercard debit and credit cards in existing Mercedes-Benz models. This partnership marks Mercedes-Benz as the first automaker to integrate Mastercard’s Secure Card on File for Commerce Platforms technology into their vehicles, ensuring the encryption of transaction data for enhanced security. (Businesswire)

Franz Reiner, Chairman of the Board of Mercedes-Benz Mobility AG, said the convenience and security of this system would make everyday life easier for customers. The payment process is intuitive, laying the foundation for the success of digital offerings.

The collaboration between Mastercard and Mercedes-Benz aligns with the growing trend of digital payments seamlessly integrated into everyday experiences. A study conducted by GfK revealed that a significant portion of younger individuals would opt for in-car payments, particularly for car-related services like fuel and electric vehicle charging.

This advancement not only streamlines the payment process but also enhances the overall in-vehicle experience. Customers can simply select the gas pump, and the system calculates the total amount based on fuel prices and tank capacity. Fingerprint authentication completes the transaction, and payment is automatically made, eliminating the need to visit the checkout area. Invoices are conveniently sent via email.

Currently available at over 3,600 cooperating gas stations in Germany, the Mercedes me Fuel & Pay service enables contactless payments using German-issued Mastercard credit or debit cards.

Mercedes plans to extend fingerprint payments to other vehicle-related services and European markets in the near future, further revolutionizing the way we make payments within our cars.

Related Story:  Porsche’s App Makes Contactless Parking A Cinch In Melbourne

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