Another prestigious payments industry event, Merchant Payments Ecosystem 2023, is right around the corner, and Switchio will be there. Sharing experiences, knowledge, and trends with other industry leaders is essential to our company culture. Collaborations with major companies in the industry, such as Mastercard and Visa, allow us to offer our clients a unique service that helps them adapt to new trends faster and easier.
According to a case study conducted for the German Payment Systems Initiative (Initiative Deutsche Zahlungssysteme – IDZ), the public EV charging landscape in Europe is one of chaos, particularly in terms of payments. Looking at 61 charge point operators (CPOs) with some 30,000 facilities in both urban and rural locations across the continent, the study found that only six of them offer cEMV payments.
Imagine, if you will, the two or so years of the covid pandemic as the walls of a narrow passage carved deep within a canyon by a river. Far below, a raft is seen making its way downstream, and in it sits the payments industry. As it approaches the narrow section, the water becomes increasingly turbulent, and the raft picks up speed.