Whitepaper: The shift in EV payments: terminals done right
The way EV drivers pay for charging is evolving. All signs point to a transition towards open loop payments using debit or credit cards or digital wallets, made possible by a payment terminal installed on the charger or in a central kiosk serving multiple chargers.
This shift is driven by several forces: regulatory pressure, increasing driver demand, and clear value for charge point operators. But what exactly is pushing this change? What is holding it back? And what should you do as a CPO to avoid falling behind?
The whitepaper sets out to answer critical questions: what specifically is driving this change, what factors are impeding the necessary rollout of terminals, and what steps should a CPO take to successfully navigate these challenges and avoid falling behind.
By the end of this whitepaper, you’ll understand the key drivers behind payment terminal adoption, the technical and financial challenges CPOs face, and how we as Last Mile Solutions embraced these challenges and transformed them into a turnkey solution, consolidating hardware, payment processing, and financial operations so CPOs can deploy terminals quickly, reliably, and with minimal complexity.
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