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Volkswagen Payments S.A.

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Luxembourg Headquarters
2017 Year of Foundation

 
 
Volkswagen Payments S.A., based in Strassen/Luxembourg, is a wholly-owned subsidiary of Volkswagen Financial Services AG and was founded in 2017 as an Electronic Money Institution (EMI). Together with its subsidiary, Contoworks GmbH (https://contoworks.com) in Munich/Germany, the company develops and coordinates payment solutions for the Volkswagen Group brands and thus manages the global payment activities of Volkswagen Financial Services.
Payment activities focus on mobile payment applications for the payment of parking tickets, car sharing, electricity, fuel or tolls. This is supplemented by the rapid payment of services and upgrades ("Functions on Demand"), which can be activated in future in the new generations of Volkswagen Group vehicles. Online shopping on the portals of the Volkswagen Group brands will also be handled via the payment platform. The aim is to create a uniform, digital ecosystem for payment services within the Volkswagen Group.

Volkswagen Payments S.A. is making the payment platform available globally for the entire Volkswagen Group – including all Volkswagen Financial Services companies, the Volkswagen Group's automobile and truck brands, and the local national subsidiaries and importers. It will cover the majority of local and global payment options (e.g. credit cards, PayPal, etc.) and operate across all platforms (browser, app, in-car technology).

https://www.wallet.volkswagenpayments.com

Management Board:
Dr. Ernst Ohmayer (CEO)
Marcus Gräfe (CFO)

Address:
Volkswagen Payments S.A.
19-21 Route d´Arlon
8009 Strassen, Luxembourg

More about Volkswagen Financial Services