Mastercard & Last Mile Launch Pay Terminal for EV Charging

Mastercard has partnered with Last Mile Solutions to launch a universal payment-terminal solution for EV charging stations across Europe

Payments processing giant Mastercard has partnered with Last Mile Solutions to launch an innovative and scalable payments gateway for EV charging in Europe. 

Mastercard and Last Mile’s new universal payments solution will help address the needs of electric vehicle Charge Point Operators (CPOs), making the charging experience more convenient for consumers while staying compliant with EU regulations. 

Mastercard and Last Mile: Easing payments for EV adopters

The universal payments solution will enable CPOs to seamlessly integrate their existing charging stations with a range of new payment terminal brands, without the need for extensive integration work. 

Indeed, the new partners feel this will help unify the payments experience for EV drivers, simplifying payments terminal integration, onboarding and transaction processing.

For both companies, it’s a step on their mission to foster the uptake of electric vehicle use throughout Europe, by removing existing barriers and simplifying the charging payments process.

George Simon, EVP of Market Development Europe at Mastercard says: “We are thrilled to be partnering with Last Mile Solutions. 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.” 

Last Mile: EV charging & smart energy management

Today, Last Mile has become one of the leading independent EV charging and smart energy software-as-a-service (SaaS) platforms for charge point operators and mobility service providers across Europe. 

Founded in 2007, the company has grown across the continent to provide over 183,000 charge-point stations directly connected to its network, and an impressive 500,000 charge-points in 22 countries linked to Last Mile’s roaming network. 

Now a partner of Mastercard to deliver seamless payments to its changing stations, Last Mile is propelling itself to the pinnacle of EV charging customer services. 

On its latest partnership, Eric van Voorden, CEO of Last Mile Solutions, says: “In the dynamic world of payment systems and EV charging, this strategic partnership between Mastercard and Last Mile Solutions will accelerate a seamless EV adoption. 

"Our leadership in the market is anchored by providing an effortless payment terminal solution for charging stations for retrofit and newly built charging stations. 

“This collaboration is designed to support Charge Point Operators to seamlessly facilitate integration and comply with alternative fuels infrastructure regulations (AFIR). Our solution will allow operators to focus on their core business.” 

**************

Make sure you check out the latest edition of FinTech Magazine and also sign up to our global conference series – FinTech LIVE 2024

**************

FinTech Magazine is a BizClik brand.

Share

Featured Articles

Moody’s: Financial Crime at Shell Companies – The Key Signs

In this deep dive, Moody’s Analytics' Senior Director Ted Datta details how to tell if a shell company is being used for financial crime…

EU Council Adopts Instant Payments Regulation

The Council of the European Union has adopted new regulation that will make instant payments in the euro currency available to all EU and EEA members

Ericsson and HPE Partner to Launch Fintech Cloud Services

Announced at MWC 2024, Ericsson is collaborating with Hewlett-Packard Enterprise (HPE) to deploy fintech cloud services on HPE GreenLake

Capital One's Takeover of Discover: All you Need to Know

Financial Services (FinServ)

Sustainability LIVE Net Zero: Sustainable Finance Insights

Sustainability

EPAM: 96% of Consumers Happy With AI in Banking

Banking