NFC TIMES Exclusive Insight – Car manufacturers, payments networks and platform providers continue to make deals as they gear up for the much-anticipated arrival of in-car payments–which would enable motorists to buy gasoline, pay for parking and purchase food for takeout, all from their dashboards.
Visa and Sirius XM Holdings this week announced one of the latest deals as part of the industry’s move toward the connected car, which would offer a range of interactive infotainment, commerce and other services. The Sirius XM-Visa deal would enable remote payments in vehicles to Visa cardholders via an e-wallet added to the SiriusXM platform.
Rival payments network Mastercard, which had announced one of its first major in-car payments deals nearly two years ago with General Motors and IBM, followed Visa’s announcement with Sirius XM this week with its own press release Wednesday, saying it had a tie-up with mapping and location-based services firm HERE Technologies.