JPMorgan Payments has partnered with automotive technology company Casi to enable integrated payments for vehicle subscription services.

Through the partnership, JPMorgan Payments’ clients will be offered the technology infrastructure to support payments and fleet management for providers of flexible car usership services.

This includes short-term car subscription services and longer-term flexible leasing products.
The collaboration aims to give users flexibility and enable customisation for everything from financing and insurance to maintenance, repairs, parking, and tolls.

A study by Accenture conducted in 2022 found that the market for digitally enabled mobility services will reach $1.5 trillion by 2030.

According to Casi, cities are changing to create micro-mobility and car sharing services. It says that the total distance travelled by people around the world using these sharing services will increase from 179 billion kilometres to 3,300 billion kilometres by 2050.

“By selecting Casi as a strategic flexible fleet tech provider, we can deliver solutions for our clients that more robust payment experiences to their customers,” said Rob Abrams, head of mobility solutions at JPMorgan Payments. “Combining our regional expertise and extensive security solutions with Casi's flexible fleet technology, mobility leaders in the automotive industry will be better positioned to expand their services and drive new growth for their businesses.”

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