eMabler improves EV charging payment experience in Mastercard Lighthouse program
eMabler is developing an API-first electric vehicle charging platform to make it fast and simple for energy companies, EV operators, infrastructure service providers and charge point manufacturers to integrate electric vehicle (EV) charging infrastructure into their other business systems such as mobile applications, existing customer base platforms, and payment solutions. In the Mastercard Lighthouse program, eMabler will develop easier ad hoc payment methods for EV charging together with Mastercard and local banks in the Nordic
HELSINKI, Finland (September 7th, 2021) Helsinki-based eMobility API-first eMobility platform company eMabler is selected for the Mastercard Lighthouse FINITIV program. Lighthouse builds lasting partnerships with leading fintech, cybersecurity, and productivity startups. The program brings startups, banks, investors and advisors together to scale innovative ideas.
“eMabler is super excited to join the program and make it easy for the end-users to pay for electric vehicle charging. The current complexity in payment is a serious problem end-users face. We want to solve this by providing the ultimate end-user experience in electric vehicle charging payment and promote sustainable eMobility.” says Juha Stenberg, CEO and Co-Founder at eMabler.
Mastercard, as a technology-first company built around a strong network of partners, understands how important partnerships are for growth. The global and regional network of banks provides a good Go-to-Market platform for solutions that make EV charging payment easier for the end-user and therefore accelerates sustainable transportation.
The electric vehicle charging service industry is a very new area and has attracted a lot of different payment models and mobile applications. The result is that only in Finland there are over 15 different mobile applications for electric vehicle charging payment and existing payment methods, like MobilePay, Vipps, credit cards, are hardly accepted.
According to eMabler's recent EV driver survey in Finland, with over 400 responses, the fragmented payment environment in electric vehicle charging is the most common complaint by the end-users, as less than 30% of end-users regard it acceptable. For comparison, 85 % of end-users are satisfied with the home charging experience, where ad-hock payment is not needed. This demonstrates the need to improve payment services in electric vehicle charging.
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About the author:
Juha Stenberg is a CEO and Co-Founder at eMabler and has 10 years of eMobility experience.
Juha started his eMobility career at Fortum Charge & Drive, then worked as an eMobility consultant when Virta was founded and before eMabler he led Ensto’s charge point business.
eMabler simplifies electric vehicle charging for end-users. Based in Helsinki, Finland the company’s API-first eMobility platform seamlessly integrates mobile payment and commercial systems with charge point operators and manufacturers as well as with energy and service sector companies. For more information, please contact us.