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“The journey to a connected economy starts here, and the transformation will change everything.” The infographic shows how connected vehicles are becoming an effective way to pay for goods and services.
The top Illustration shows a portion of a globe with icons superimposed, representing different types of apps for shopping and paying for items. Headline titled “Evolving the Connected Mobility Economy” Smaller headline underneath says, “The journey to a connected economy starts here, and the transformation will change everything.”
The next illustration shows a car hooked up to a charging station, and icons superimposed representing paying for the charging, food and travel purchases. The first text box has a small headline that reads “From vehicles as super apps…” with supporting text underneath that reads “The automobile as a single sign-on, connecting all payment apps, making instant payments for things like tolls and fuel, reaching 86 billion dollars a year by 2025.” The statistic comes from Juniper Research, September 2020. ‘In-vehicle payment spend to exceed $86 billion in 2025, as partnerships improve ecosystem viability.’
Available at: https://www.juniperresearch.com/press/in-vehicle-payments-spend-to-exceed-86-billion. Accessed August 2022.1
The next illustration shows electric bikes in a charging station with a person renting them. The smaller headline says “…to changing models of mobility…” with supporting text underneath that reads “For evolving forms of transportation and increasingly sophisticated transaction types: automatic payments, subscriptions, one-time charges”
The next illustration shows a person at an airport at a kiosk next to a plane, showing various things they can purchase. The smaller headline reads “…digital identities travel with the person…” and the supporting text underneath reads “Between cars and bikes and scooters and stores and homes, one digital identity for payments could be the frame that holds it all together.”
The next illustration shows an electric truck being charged, with a person unloading merchandise out of the back. The continuing small headline reads “…as they live and work…” and the supporting text underneath reads “Instantly accepting payments for merchandise or paying for business vehicle maintenance and fuel or charging will energize the work day.”
The final block of text has a headline that reads, “…and payments will be the fuel that drives the connected mobility economy” with supporting text underneath that reads, “As consumers go more mobile, their expectations will drive an increasingly connected, seamless experience for searching and buying goods and services.”
Next to this is a statistic that reads, By 2030, 95% of all new cars produced will be connected, compared with 50% today. The statistic comes from McKinsey, February 2021. ‘Unlocking the full life-cycle value from connected-car data.’
Available at: https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/unlocking-the-full-life-cycle-value-from-connected-car-data. Accessed August 2022.2
Juniper Research, September 2020. ‘In-vehicle payment spend to exceed $86 billion in 2025, as partnerships improve ecosystem viability.’ Available at: https://www.juniperresearch.com/press/in-vehicle-payments-spend-to-exceed-86-billion. Accessed August 2022.
McKinsey, February 2021. ‘Unlocking the full life-cycle value from connected-car data.’
Available at: https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/unlocking-the-full-life-cycle-value-from-connected-car-data. Accessed August 2022.
J.P. Morgan, JPMorgan, and JPMorgan Chase are marketing names for certain businesses of JPMorgan Chase & Co. and its subsidiaries worldwide (including without limitation all and any joint-ventures as well as companies or enterprises in which JPMorgan Chase & Co. holds a direct or indirect participation) (collectively, “JPMC”). Products or services may be marketed and/or provided by commercial banks such as JPMorgan Chase Bank, N.A., securities, payments, or other non-banking affiliates or other JPMC entities (including without limitation all and any joint-ventures as well as companies or enterprises in which JPMorgan Chase & Co. holds a direct or indirect participation). J.P. Morgan Mobility Payments Solutions S.A. provides payments platform solutions for the auto industry.
Payments
Madhav Kalyan: How payments can protect the core
Jul 24, 2024
At the recent J.P. Morgan China Payments Innovation Summit, Madhav Kalyan, APAC head of Payments, discussed opportunities in payments, the bank’s continuous investment in innovation and how it is transforming the future of payments and financial services.
Payments
Highlights from the 2024 J.P. Morgan E-Commerce and Fintech Forum
Jun 28, 2024
The J.P. Morgan EMEA E-Commerce and Fintech Forum brought together experts from across the fintech ecosystem to discuss the future of payments and how best to navigate 2024 and beyond.
Payments
Understanding the requirements to apply for a corporate credit card
Jun 27, 2024
Find out if your organization is eligible for a corporate card, then prepare documentation to apply.
Payments
Choosing the right credit card for your startup
Jun 27, 2024
Startups have unique, complex financial needs, and corporate and business cards can be powerful tools that simplify financial operations.
Payments
J.P. Morgan joins the MACH Alliance, advocating for open, best-of-breed technology
Jun 13, 2024
J.P. Morgan is a Supporter member, a category for leading organizations to share unique thought leadership and innovations on the future of enterprise technology.
Payments
Highlights: J.P. Morgan Payments at EBAday 2024
Jun 12, 2024
You want a fast, simple and secure way to send and receive cross-border payments. We can send in 120+ currencies and receive in 40+, across 160+ countries.¹ ² ³
Payments
Studio Science joins the J.P. Morgan Payments System Integrator Program
May 17, 2024
J.P. Morgan Payments is adding Studio Science, a customer experience consultancy, to the program to help joint clients with payments strategy and implementation.
Payments
How to protect your organization from check fraud
May 14, 2024
Check fraud remains an attractive target for fraudsters. Do you know how to prevent it?
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