08 September 2023

Hyundai launches in-car payment service

Written By FinTech Alliance

Hyundai launches in-car payment service

Car manufacturer Hyundai has launched a system that lets US drivers find and pay for things with their vehicle's touchscreen using securely stored credit card information.

In brief:

-The company has partnered Parkopedia to launch Hyundai Pay's first service

-The service lets drivers locate, reserve and pay for parking at 6000 locations - all from inside their vehicle, after an initial set-up.

-The system will launch with the 2024 Hyundai Kona

What does this mean?

Olabisi Boyle, VP, product planning and mobility strategy, Hyundai Motor North America, says: "With Hyundai Pay's scalable e-commerce platform, we can elevate customer convenience and extend their digital reach by making every day needs—like finding and paying for parking—easier, swifter and safer via our connected-car, integrated-cockpit and secure-transaction technology."

Read more here.

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