Industry standard

Visa Calls for Widespread Industry Standard for Accepting Payments at Electric Vehicle Charging Stations

Visa (NYSE: V) is today calling for the standardization of transparent and interoperable payment systems at electric vehicle (EV) charging stations across Europe.

The company believes that the European EV charging industry should be committed to offering consumers the freedom to pay with the method of their choice, primarily by adopting open-loop and interoperable payments.

Currently, there is no widespread industry standard for accepting payments at electric vehicle charging stations. This leads to a system in which consumers across Europe are often left with no choice of payment method and are forced into one option (e.g. signing up for an app or provider program) or cannot even charge their vehicle because they are not registered with the required subscription service. Only a small number of European countries, such as Germany, have legislated for a standardized approach.

To help consumers move forward on this issue, Visa is launching a consultation with EV charging station manufacturers and other industry leaders to identify barriers and solutions to the widespread acceptance of interoperable payments. contactless and digital.

Visa also announced that it will become the first company in the financial services and payments industries to join the Charging Interface Initiative (CharIN) as a full member. CharIN is dedicated to promoting global standards related to charging by bringing together participants from across the e-mobility value chain to develop global infrastructure, secure charging and payment protocol and new technologies to facilitate the transition to electric vehicles and encourage faster, faster adoption. . Through its CharIN membership, Visa aims to use its payments expertise to support these goals.

Charlotte Hogg, CEO, Europe, Visa, said, “We believe widespread adoption of electric vehicles is key to helping Europe achieve its net zero goals. Ensuring people can easily pay to charge their vehicles is essential if we want them to go electric. For the moment, this is not the case. We believe this needs to change so that consumers have the choice they deserve.

“We want to play our part in finding solutions to this challenge, which is why we have launched an industry consultation on how contactless and digital payments can be accepted as standard. We are also eager to participate as a member of CharIN to advance the debate.

Claas Bracklo, President of CharIN eV, said: “As we reach a tipping point for the adoption of electric vehicles, the need for a global standard to connect infrastructure and provide a seamless experience for drivers of electric vehicles has become more important than ever.

“While CharIN has worked for many years with OEMs, charger manufacturers, software and component suppliers, energy suppliers, utilities and many other players in the vehicle charging value chain electricity, we recognize that ease and consistency of applicable payment methods is also essential to a seamless customer experience, so we are delighted to have Visa on board our alliance, now ready to contribute with its wealth of experience. to ensure that the customer’s payment experience will be simple, fast and secure.