Kia introduces CarPay for in-car payment convenience

Mobility
29/10/2024 News

Kia has introduced CarPay, a new in-car payment solution designed to simplify transactions for drivers, starting with the Kia EV3. This innovation allows Kia customers to handle payments directly through the Kia Connect App or the vehicle’s touchscreen.

Digital Reinvention
29/10/2024 Article

Financial Innovation Spotlight: October 2024 edition

Partnership with Parkopedia enables seamless parking payments

The initial application of CarPay is a collaboration with Parkopedia, enabling seamless in-car parking payments across 1.7 million on-street and off-street parking spots in 19 European countries. This feature offers drivers an easier way to locate and pay for parking spaces without leaving the car or handling separate apps.

Enhanced convenience for urban and EV drivers

According to Sjoerd Knipping, Vice President of Product & Marketing at Kia Europe, CarPay reflects Kia's commitment to enhancing customer convenience through expanding software capabilities. In busy cities, parking can be challenging, with millions of parking tickets issued annually due to limited availability. The need is even greater for electric vehicle (EV) drivers, with 49% of EV owners in major European countries reporting unexpected parking fines while charging.

Aiming to simplify parking with secure, in-car transactions

Hans Puvogel, COO of Parkopedia, emphasized that Kia CarPay aims to reduce time spent searching for parking and eliminate the hassle of using external parking apps or machines. By integrating Parkopedia services, drivers can access the nearest available parking, view costs, and make secure payments with a saved card on the navigation system.

Expanding CarPay to cover a broader range of services

Looking ahead, CarPay will extend to include a broader range of transactions, such as payments for various goods and services, making it a versatile tool within Kia’s expanding lineup of in-car features. As Olivier Pascal, Kia Connect’s Head of Connectivity, noted, “This is just the beginning,” with plans to make Kia CarPay a core component of a more connected and convenient driving experience.

Register to be kept informed of our next publications

Related news & insights

13/11/2024 News

WeBank leads development of new international standard for trusted data transfer

Spearheaded by China’s digital banking leader, WeBank, this initiative aims to create the first global standard for trusted personal data...

Digital Reinvention
12/11/2024 News

JULO launches loyalty program to enhance virtual credit card experience

The initiative aims to broaden credit access in a country where credit card usage is limited to just 6% of...

Insurance
11/11/2024 Article

Qorus Innovation in Insurance Awards 2025 now open for applications

Companies can submit their entries online until 7 February 2025 in seven categories.

SME Banking
08/11/2024 Article

SMEs offer banks a big opportunity to ramp up payment processing revenues

Banks can capitalize on rising demand among SMEs for digital payment solutions but they will have to overcome substantial competition.

SME Banking
08/11/2024 Interview

NewTech Friday: ifindbanks.com - Banking and payment solutions for high-risk industries

ifindbanks.com is the go-to network connecting high-risk industries with tailored banking and payment solutions, bridging the gap between ambitious sectors...

06/11/2024 News

EPI launches Wero, a new digital payment wallet, in France

This account-to-account instant payment service is initially available to French customers of BNP Paribas, Groupe BPCE, Crédit Agricole, Crédit Mutuel...

Digital Reinvention
05/11/2024 Interview

Forging your own challenger bank: B100

B100 is a Spanish digital bank launched by ABANCA in 2024, focusing on the concept of healthy banking. Qorus' Boris...

Mobility
04/11/2024 Article

AutoMobility Insights - November 2024 edition

The latest news from the automotive industry curated and commented by the experts at Corporate Value Associates (CVA).