Volkswagen subsidiary buys payment service for parking

Volkswagen subsidiary buys payment service for parking

Volkswagen continues to build his business with mobilitat services. The subsidiary Volkswagen Financial Services buys the park payment service Paybyphone, as the company announced today in Braunschweig. The company based in Vancouver in Canada is the worldwide supplier of cashless payable pay. No information was made about the purchase price.

Volkswagen’s financial subsidiary expand its business with mobile payment services. "Currently, parking transactions and their billing are often resistant, time consuming and a miracle point in many Europeans and the world", the sales board of VW Financial Services, Christian Dahlheim, quoted. As early as 2015, the Volkswagen financial subsidiary had acquired the majority at the payment service Sunhill Technologies. PayByphone With around 100 employees, around 60 million transactions with a total volume of around 240 million euros have completed around 100 million transactions in 2016.

Volkswagen is currently as the entire car industry in a fundamental change. Focal points are alternative drives such as the electric motor as well as the digitization of the cars. At Volkswagen, the change is also a reaction to the exhaust scandal in diesel vehicles.

The Wolfsburger Group was committed to developing mobility services around the car massively. The new "Moia" brand should become one of the three worldwide suppliers of mobilitat services. In a few years, the new brand should make sales in billions of high.

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