Mastercard and Last Mile Solutions launch a universal payment-terminal solution for EV charging in EuropeFebruary 5, 2024 | WATERLOO, BELGIUM
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 and comply with EU regulation (AFIR).
Today, 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 integrate their (existing) charging stations with a variety of payment terminal brands seamlessly, without the need for extensive integration efforts. The new payment gateway solution will unify the user experience and simplify payment terminal integration, onboarding and transaction processing.
Through this collaboration, Mastercard and Last Mile Solutions are committed to fostering the uptake of electric vehicles throughout Europe by eliminating existing barriers and simplifying the charging process for drivers with interoperable and universal payment solutions.
The solution will be rolled out across Europe starting in early 2024 to enable CPOs to comply with the EU AFIR regulation that will come into force in April 2024.
“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.” says George Simon, Executive Vice President, Market Development Europe, Mastercard.
“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 AFIR. Our solution will allow operators to focus on their core business.” says Eric van Voorden, Chief Executive Officer, Last Mile Solutions.
About Last Mile Solutions
Last Mile Solutions is the leading provider of EV charging and smart energy management SaaS platforms for charge point operators and mobility service providers in Europe. With 175,000+ charge points directly connected and more than 550,000+ charge points in 22 countries in our roaming network Last Mile Solutions offers the most extensive network in the market.
About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.