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Mobility Payments Solutions

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Strassen / Luxembourg Headquarters
2017 Year of Foundation

 
 

Volkswagen Payments S.A. was founded in 2017 by Volkswagen Financial Services AG. In September 2021, J.P. Morgan obtained a majority stake of 74.9% in Volkswagen Payments S.A., Volkswagen Financial Services AG remains a shareholder with 25.1%. Since October 2022, Volkswagen Payments S.A. became J.P. Morgan Mobility Payments Solutions S.A., following the joint venture of both stakeholders.

J.P. Morgan Mobility Payments Solutions S.A. is an Electronic Money Institution (EMI) based in Strassen, Luxembourg, regulated by the Commission de Surveillance du Secteur Financier. The Company is fully PSD2 compliant. The EMI license allows service coverage throughout all EU and EEA states.

Together with their Munich-based 100% subsidiary, J.P. Morgan Mobility Payments Systems GmbH, formerly known as Volkswagen Payment Systems GmbH, the company currently offers payment solutions for all digital sales channels, including an e-Wallet solution, for the mobility services of the VW Group. In addition, the VW Group entities can choose various payment-related services such as, Merchant Panel features, Risk Management for Sanction List Checks, Address Validation, and VAT ID Checks and more.

The joint venture combines knowledge and competences to better support and further enhance the digital payment journeys of their valued customers by leveraging the automotive expertise of J.P. Morgan Mobility Payments Solutions S.A. with the global reach of one of the world’s biggest banking platforms.

The company continues serving the VW Group and remains strongly committed to invest with Volkswagen Financial Services and J.P. Morgan into the enhancement of its products and services, the payment platform, and ramping-up the teams in Luxembourg and Munich. 

J.P. Morgan Mobility Payments Solutions S.A., with its subsidiary, will continue offering tailored solutions to accelerate business-growth and to maximise customer-satisfaction through state-of-the-art payment experiences, and white label service offerings. The company remains strongly committed to keep facilitating payments across the Volkswagen network, in Europe, and with the support of J.P. Morgan, for all Volkswagen Group Brands globally.

If you want to know more, please contact us at: sales-vwpayments@vwfs.com


Management Board of J.P. Morgan Mobility Payments Solutions S.A.:

Anne Grünkorn (CEO)
Alexander Hinz (CFO/COO)

Address:

J.P. Morgan Mobility Payments Solutions S.A.
161, Rue du Kiem
L-8030 Strassen, Luxembourg


Management Board of J.P. Morgan Mobility Payments Systems GmbH:

Rajasekharan Kuppuswamy (CEO)
Jörg Seibert (CFO/COO)

Address:

J.P. Morgan Mobility Payments Systems GmbH
Leopoldstraße 244
80807 München, Germany

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