In-vehicle commerce and payment platforms—it pays to have one !

Leveraging location intelligence, navigation assistance, and secure payment gateways, a number of in-vehicle commerce applications are enabling drivers to seamlessly make fast, contactless payments on the go, using the vehicle’s infotainment head unit as a digital wallet.

The arrival of the software-defined vehicle, with its high compute power and robust cloud connectivity, is positively impacting many facets of the automotive industry, one of them being in-car commerce. Vehicles have begun to function as mobile wallets as automakers, traditional payment companies, digital infrastructure providers and technology companies come together to seize revenue streams arising out of the connected dashboard.