On Tuesday, Mastercard and Last Mile Solutions announced a new partnership to establish new payment standards for the electric vehicle (EV) charging industry, that will enhance the user payment experience at charging stations.
The new solution will enable CPOs to seamlessly integrate their existing charging stations with a variety of payment terminal brands.
It will unify the user experience and streamline payment terminal integration, onboarding, and transaction processing.
By introducing an innovative and scalable payment gateway, this partnership addresses the need of electric vehicle Charge Point Operators (CPOs) to offer a convenient charging experience.
Furthermore, the solution will be rolled out across Europe starting in early 2024 to enable CPOs to comply with the alternative fuels infrastructure regulation (AFIR) that will come into force in April 2024.
“The transition to the mass adoption of electric mobility is key to building a more sustainable world. Achieving this requires partnerships like these to make the transition as seamless as possible, not only for consumers but also for infrastructure operators,” states George Simon, Executive Vice President, Market Development Europe at Mastercard.
“Our leadership in the market is anchored by providing an effortless payment terminal solution for charging stations for retrofit and newly built charging stations,” says Eric van Voorden, Chief Executive Officer, Last Mile Solutions.
This collaboration is designed to support Charge Point Operators to seamlessly facilitate integration and comply with AFIR. Our solution will allow operators to focus on their core business,” he adds.
