In-Vehicle Payment Services Market Report 2026

The in-vehicle payment services market size has grown rapidly in recent years. It will grow from $4.71 billion in 2025 to $5.22 billion in 2026 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to expansion of connected vehicle ecosystems, rising adoption of digital payment solutions, growth of cashless mobility services, increasing integration of infotainment systems, expansion of smart transportation infrastructure.

The in-vehicle payment services market size is expected to see rapid growth in the next few years. It will grow to $7.86 billion in 2030 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to increasing deployment of autonomous and connected vehicles, rising demand for seamless mobility services, growing investments in vehicle-to-infrastructure connectivity, expansion of electric vehicle charging payments, increasing focus on secure fintech integrations. Major trends in the forecast period include increasing adoption of embedded vehicle payment platforms, rising integration of contactless and rfid-based payments, growing use of biometric vehicle authentication, expansion of toll and parking payment automation, enhanced focus on secure in-vehicle transaction systems.

The increasing preference for contactless payments is playing a crucial role in the expansion of the in-vehicle payment services market. The COVID pandemic prompted a substantial shift toward contactless payments, further bolstered by the advanced and seamless functionality of payment systems. For instance, in June 2024, the U.S. government reported that the current-account deficit rose by $15.9 billion to $237.6 billion in the first quarter of 2024, reflecting a larger goods trade deficit. This increase accounted for 3.4 percent of current-dollar GDP, up from 3.2 percent in the previous quarter, with the revised deficit for the fourth quarter being $221.8 billion. Consequently, the growing preference for contactless payments is expected to drive the growth of the in-vehicle payment services market in the future.

Key players in the in-vehicle payment services market are pursuing strategic collaborations and partnerships to develop advanced in-vehicle payment service solutions and strengthen their competitive positions. For example, in July 2023, CarIQ Technologies Pvt. Ltd., an India-based software firm, teamed up with Visa Inc., a U.S.-based credit card service provider, to introduce Vehicle Wallet. Car IQ Pay allows vehicles to manage payment accounts and conduct transactions with merchants without the need for physical cards. By partnering with Visa, this technology enhances the connected vehicle market, offering personalized payment experiences based on vehicle data. Its "Know Your Machine™" feature ensures vehicle identity verification for secure and seamless transactions.

In September 2023, Mercedes-Benz Group AG, a Germany-based automotive manufacturer, collaborated with Mastercard Incorporated to launch native in-car payment solutions. Through this collaboration, Mercedes-Benz and Mastercard aim to improve the digital driving experience by embedding secure and seamless payment options directly into vehicle infotainment systems, enabling drivers to pay for services like fuel, parking, and charging without leaving their cars. Mastercard Incorporated is a US-based technology firm specializing in payment processing, digital commerce solutions, and secure financial transactions.

Major companies operating in the in-vehicle payment services market are Mastercard Inc., Visa Inc., PayPal Holdings Inc., Mercedes-Benz Group AG, Bayerische Motoren Werke AG, Audi AG, Volkswagen AG, Ford Motor Company, General Motors Company, Honda Motor Co. Ltd., Hyundai Motor Company, Jaguar Land Rover Automotive PLC, Rivian Automotive Inc., CarIQ Technologies Pvt. Ltd., PayByCar, Xevo Inc., Cerence Inc., ParkWhiz, Google LLC, Amazon.com Inc., International Business Machines Corporation, BlackBerry Limited.

North America was the largest region in the in vehicle payment services market in 2025. The regions covered in the in-vehicle payment services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the in-vehicle payment services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The in vehicle payment services market includes revenues earned by entities by RFID and BLE technologies. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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