In Cars, Payments

Beyond Self-Driving Cars: Automakers Acquire Payments Technologies for Cars of the Future

The automotive industry is the latest to jump into the Internet of Commerce Things (IoCT) ecosystem. Both Volkswagen and Daimler AG recently announced acquisitions of payments companies with the intention to enable payments from cars:

The IoCT ecosystem is growing by reaching new industries such as the auto industry. This provides further proof that growing online-to-offline commerce includes opportunities in previously untapped industries and provides an advantage for experienced card-linking technology providers for expanded cross-industry partnerships.

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