Visa, a global leader in digital payments, and Last Mile Solutions, Europe’s leading EV charging and energy transaction management platform provider, announced today a strategic partnership aimed at fast-forwarding the innovation of open loop payments in e-mobility. By making the EV charging experience simpler and safer, the partnership further accelerates EV adoption.
Every day, millions of charging transactions take place across the growing e-mobility network. Many charging payments today rely on closed loop payment technologies, such as RFID-based charge cards or key fobs. This leaves the ecosystem exposed to a rising number of fraud cases. New, reliable payment solutions are needed to keep the e-mobility infrastructure safe.
Now, Visa and Last Mile Solutions combine their market-leaders’ expertise in digital payments and e-mobility energy transactions, to innovate secure and integrated payment solutions.
Open loop technology is the future for e-mobility payments
Last Mile Solutions and Visa believe that in the future, open loop technology is the most prominent payment method in the e-mobility sector. Open loop payments, enabled by globally accepted EMV-technology, are a safer payment technology to tackle fraud. In addition to safety, they can offer a more seamless payment experience for partners and end-users.
As a first step, the companies are working to develop future-proof payment solutions, especially for fleet operators, who struggle with multiple payment technologies and cost control. Built on Visa Fleet 2.0 protocol, the new solution will help simplify and secure the EV payment process.
“The industry needs to continuously innovate in payment solutions to keep the e-mobility payment market future-proof, user friendly, and secure. That’s why we’re proud and excited to partner with an industry-leader, Visa, and bring an integrated payment solution to the market together. It will combine the benefits from both open and closed loop ecosystems, while also offering value-added services,” states Luuk van Kuik, Strategy Director at Last Mile Solutions.
Richard Campion, Head of Fleet & Mobility, Visa Europe says: “Delivering great customer experiences is at the heart of what we do, so it’s fantastic to partner with Last Mile Solutions. Our joint innovation makes paying for an EV charge quick and simple whilst providing fleet managers with the information they need to manage their commercial vehicles, something we’re incredibly excited about.”
Visa and Last Mile Solutions will be sharing insights about this topic in Fleet Europe’s webinar on 5th June 2025. To learn more and register, please visit here.
For more information
Last Mile Solutions
Ben Ridgway, Marketing Director
ben.ridgway@lastmilesolutions.com, +31 10 312 9254
