Embedded finance for car manufacturers and dealers
People spend for cars much more than the car's price itself: service, parts, fuel, insurance, tolls, fines, parking. Add all the drive-ins and these are not all the payments which stay outside of manufacturer's and dealer's scope.
Embedded finance solutions help to set up the framework of daily interactions with customers based on their spends caused by car.
Find out below some of the solutions we use to enable automotive industry to be the important player of the financial market.
Car as a payment method
let the driver pay by car plate number or VIN
enable car as a payment method for gas, tolls, fines, parking and drive-ins
enable incremental revenue flow from purchases made on media device in the car and paid by car itself
Loyalty programs
use clients' payment volume to engage them to your product and loyalty program
car as unified identifier for multiple loyalty programs
use third-party loyalty programs to engage clients to daily communications with your brand
manage clients' routes through car-enabled loyalty program and engage revenue flow from third parties
Branded loans and instalments
manage clients' intention to change a car through their payment volumes
higher purchasing power and volume for automotive ecosystem
target loans, where usage is limited by specific merchants & purchases
Transaction data
know, where and when your clients pay outside of your ecosystem
get notified when clients do purchases at exact merchants
analyze the data to modify product portfolio, loyalty program or forecast revenue even better
Incremental revenue
incremental revenue from third parties where your clients make car-initiated purchases
sharing of revenue generated by cars' general payment volume
sharing of revenue generated by loans and instalments
reduction of costs related to payment flows
Other solutions
B2C and C2B payments to reduce the cost of payment flows
third-party data sources to know even more about clients' behavior
integration with close loop payment providers (gas stations, tolls, etc.)