Volkswagen Payments S.A. /
Volkswagen Payment Systems GmbH

Strassen / Luxembourg Headquarters
2017 Year of Foundation

Volkswagen Payments S.A., based in Strassen/Luxembourg, was founded in 2017 by Volkswagen Financial Services AG as an Electronic Money Institution (EMI). Together with its subsidiary, Volkswagen Payment Systems GmbH 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. Volkswagen Payment Systems GmbH provides the innovative technical solutions enabling digital payments. Since September 2021, J.P. Morgan has held a majority stake of around 75 percent in Volkswagen Payments S.A. 

Focus of activities is on mobile payment applications, enabling the payment of parking tickets, car sharing, electricity, fuel or tolls. This additionally includes 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, as well as 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).

Management Board of Volkswagen Payments S.A.:
Anne Grünkorn (CEO)
Alexander Hinz (CFO/COO)

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

Management Board of Volkswagen Payment Systems GmbH:
Rajasekharan Kuppuswamy (CEO)
Jörg Seibert (CFO/COO)

Volkswagen Payment Systems GmbH
Leopoldstraße 244
80807 München, Germany

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