Casi, a leading European provider of flexible mobility technology, has announced a strategic collaboration with J.P. Morgan Payments. As a key technology provider for vehicle subscription services, Casi will offer its infrastructure to enable seamless payments and fleet management for J.P. Morgan Payments clients, supporting flexible car usership models. These services range from short-term car subscriptions to long-term flexible leasing, providing a more streamlined and customizable payment experience for a wide range of services, including financing, insurance, maintenance, repairs, parking, and tolls.
With mobility evolving and new services challenging traditional car ownership, the market for digitally enabled mobility solutions is expected to reach $1.5 trillion by 2030, according to Accenture. The collaboration between Casi and J.P. Morgan Payments is set to address this growing demand by offering the infrastructure needed to support these innovative services today.
Casi already supplies flexible mobility tech solutions to European automotive companies. Through this partnership, both Casi and J.P. Morgan Payments aim to expand their reach, helping more automotive leaders implement the necessary payment systems to launch and manage flexible car services. This collaboration will ultimately allow end customers to access more financially sustainable vehicle ownership options.
“Casi’s collaboration with payment providers ensures both fixed and variable monthly payments. The automotive industry’s payments landscape is complex, with vehicles generating up to 50 transactions per month, covering areas such as financing, insurance, maintenance, parking, and tolls. Partnering with J.P. Morgan Payments allows flexible mobility companies to automate these processes, eliminating manual work,” said Hans Kristian Aas, CEO of Casi.
J.P. Morgan Payments’ Mobility Payments Solution offers tailored payment systems for car usership services across Europe. By teaming up with Casi, the solution will allow companies to integrate seamlessly with existing systems, focusing on scaling profitable services and enhancing the customer experience.
“J.P. Morgan Payments is dedicated to supporting the mobility ecosystem by investing in industry-specific solutions. By choosing Casi as our strategic flexible fleet technology provider, we can deliver more efficient payment experiences for our clients. This collaboration combines our regional expertise and robust security solutions with Casi’s innovative fleet technology, positioning mobility leaders to expand their services and drive new business growth,” said Rob Abrams, Head of Mobility Solutions at J.P. Morgan Payments.
