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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
J.P. Morgan at NACHA Smarter Faster Payments 2024
Apr 22, 2024
Every payment is an opportunity for growth, optimization and innovation. Join us for NACHA Smarter Faster Payments 2024 where we will speak in a number of sessions around several key topics including fraud mitigation, the power of AI and data in payments and more.
Payments
Unlock customer insights—your key to business growth
Apr 19, 2024
Having better data means making better business decisions. See how our Customer Insights solution can help give you the customized data insights you need quickly and easily.
Payments
J.P. Morgan Payments launches new System Integrator Program
Apr 09, 2024
New program for professional service companies aims to help joint clients advance payments strategy and implementation.
Payments
Kyriba expands its TMS offering with JPM Coin and Global Payments API
Apr 08, 2024
For the first time, Kyriba clients can operate Blockchain Deposit Accounts (BDAs) within their existing Treasury Management Systems (TMS), allowing treasurers to manage cashflow and send payments with the speed of blockchain.
Payments
Streamline your payments with the help of Prepaid Card
Apr 01, 2024
Simple. Cost effective. Digital or physical. Give your business a choice in your overall payment program—and give your customers, clients, and employees the flexibility they want—with Prepaid Card by J.P. Morgan Payments.
Payments
Understanding purchasing cards
Mar 28, 2024
Typically used for B2B purchases, purchasing cards can provide enhanced visibility, control, fraud protection and other benefits.
Payments
“Trends in Healthcare Payments” annual report
Mar 26, 2024
Every year, J.P. Morgan Healthcare Payments releases this data-driven report to highlight the latest payments trends impacting the healthcare industry.
Payments
Understanding virtual credit cards
Mar 22, 2024
Virtual cards are an efficient and secure way to issue payments—without the need for a plastic card.
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