The future of automotive will not care how fast your car can go. Or how snappy it can look. Instead, innovation will centre around what a car can do. As a manufacturer, you already witness the shift towards connected vehicles, with high-end telematics and web-enabled computers under the hood. Those cars can communicate with external e-commerce applications and service platforms. And that brings technical challenges. One of the most pressing for car manufacturers: Providing a solid automotive payment system to handle all in-car commercial activities.
One may be tempted to turn to the obvious choice: Turn-key payment software by 3rd parties. But once you scale up, the problem of such an approach will, too. And off-the-shelf solutions begin to show their drawbacks.
The alternative would be to choose the payment orchestration model and build up your very own payment infrastructure together with a business and/or a software partner ideally with many years of experience in the payment domain. This article will help you answer the following questions:
- Which use cases require connected car payments?
- What are the advantages of custom-built payment solutions over standard 3rd-party payment systems?
- How will you benefit from payment orchestration realized with the help of a technology partner?
Let’s go for the answers!Read More