Tantalum Corporation (Tantalum) today announced an agreement with SAP to integrate SAP® Vehicles Network into Tantalum’s Pay.Car end-to-end payment platform for connected cars, making it easier for motorists to find and pay for services with just one click. Starting with parking, Pay.Car with SAP Vehicles Network will help drivers to find an available parking space quickly and pay securely without needing to find spare coins or load a separate app on their phone.
Pay.Car is the world’s first dedicated end-to-end billing, payment and data management platform for connected vehicles. It provides a robust, secure and scalable transaction platform to drive growth, adoption and monetisation of the connected car, storing financial details securely and providing customers with one combined, easy-to-read bill for all the services used. Pay.Car is also unique in its ability to share revenue across service providers, helping them maximise the new growth opportunities presented by the connected car.
Convenience of payment is not the only benefit of this new service. Customers using Pay.Car with SAP Vehicles Network will be better able to save time and reduce fuel consumption by navigating efficiently to an available parking space, thereby reducing harmful CO2 and NOx emissions. Tantalum is committed to reducing the car’s contribution to global pollution levels through innovation in automotive technology. To this end, the company has already secured patents for real-time CO2 emissions monitoring and has also partnered with Imperial College London to research real-time monitoring of NOx emissions.
The potential game-changing, global impact of Pay.Car and the company’s Air.Car system was recently recognised at London Tech Week’s TechXLR8 Awards. Tantalum was presented the “Innovation in Connected Services” award thanks to its potential to address crucial industry and social challenges.
Ozgur Tohumcu, CEO of Tantalum, commented, “Parking is just the first step. The connected car services market will grow exponentially in the next few years as consumers demand access to increasingly rich content and services from the comfort of their car.”
He continued, “Our agreement with SAP will help give consumers access to parking services globally through our platform and be able to pay with a single click. This agreement takes us one step closer to fulfilling our mission to build a connected car marketplace that brings together all vehicle-related services with one easy payment system. Next, we will widen the Pay.Car platform into areas that include insurance, vehicle recovery and on-demand breakdown services, among others.”
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