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 Institute (EMI). Together with its subsidiary, Contoworks GmbH (https://contoworks.com) from 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 for e-mobility, fuel or tolls. In addition, there is the rapid payment of services and upgrades ("Functions on Demand"), which can be activated in future in the new vehicle generations of the Volkswagen Group. 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 local subsidiaries and importers. It will cover the majority of local and global payment options (e.g. credit cards, PayPal, etc.) and will be available across all platforms (browser, app, in-car technology).
Volkswagen Payments S.A.
19-21 Route d´Arlon
8009 Strassen, Luxemburg
Tel.: +352 28 48 201