#USA #Brussels #Digital Payments #OpenWay #Visa Fleet 2.0

OpenWay and Visa Join Forces for Global Fleet 2.0 Rollout

In a significant step toward revolutionizing mobility payments, OpenWay, a leading provider of digital payment solutions, has announced its collaboration with Visa, the prominent player in digital payments. This strategic partnership aims to power the global introduction of Visa Fleet 2.0, a cutting-edge fleet card solution that simplifies mobility-related expenses for businesses, allowing them to manage payments with increased efficiency.

What is Visa Fleet 2.0?

Visa Fleet 2.0 represents an advanced evolution in payment technology tailored specifically for fleet operators, leasing companies, and financial institutions. The introduction of this solution is part of OpenWay's commitment to enhancing digital payment innovations within the fleet management sector. The solution facilitates comprehensive oversight on spending, making it possible to consolidate various costs—from fuel and tolls to parking, EV charging, and travel—into a single physical or digital card.

As the landscape of transportation continues to shift towards more sustainable options, Visa Fleet 2.0 is designed with versatility in mind. Its modular architecture supports various energy types, including electric, hybrid, and hydrogen-fueled vehicles, aligning perfectly with the increasing number of fleet managers transitioning to greener alternatives in the coming years.

Integration with OpenWay's Way4 Platform

The partnership marks the first integration of Visa Fleet 2.0 with OpenWay's Way4 Fleet platform as part of the Visa Ready for Fleet initiative. This integration is pivotal as it unifies functionalities such as card issuing, acquiring, switching, and digital wallet capabilities into a single cohesive platform. This streamlining enables banks, fuel retailers, and mobility providers to efficiently roll out Visa Fleet 2.0 programs, offering both physical and virtual cards as well as wallet solutions.

Walter Van Huyck, the Solution Manager for Fleet and Mobility Payments at OpenWay, expressed excitement about the integration: "Visa Fleet 2.0 marks a significant advancement in how mobility payments are managed. Our partnership with Visa allows us to deliver smarter, more secure, and sustainable payment experiences to our clients."

Richard Campion, Head of Fleet and Mobility at Visa Europe, echoed this sentiment, stating, "As mobility evolves, so do the needs of fleet operators and payment providers. Visa Fleet 2.0 enables us to address these shifts effectively. We are committed to delivering secure and flexible solutions that streamline operations for our partners while enhancing customer service capabilities."

Advantages of Visa Fleet 2.0

Thanks to the powerful features offered by Visa Fleet 2.0, businesses can enjoy enhanced spending oversight and operational efficiency. Key advantages include:

• - Open-loop Acceptance: This feature enables payments across a wide range of platforms and services.
• - Sustainability Readiness: Visa Fleet 2.0 is designed with the needs of environmentally conscious fleets in mind.
• - Integrated Payment Solutions: A unified platform to manage various payment needs seamlessly.

The launch of Visa Fleet 2.0 also signals a bright future for businesses committed to effective fleet management while diving into the greener aspects of transportation. This partnership reflects how evolving technology can meet the progress of modern mobility, ensuring that both fleet operators and payment providers stand equipped to tackle the challenges of tomorrow.

Conclusion

With the rollout of Visa Fleet 2.0, facilitated by OpenWay’s robust technological capabilities, businesses can finally embrace a more sustainable, efficient, and user-friendly payment process to manage their mobility expenses. As the transportation sector continues to make strides toward innovation, the Springing joint venture between OpenWay and Visa is a noteworthy example of how collaboration can drive progress in the ever-evolving landscape of digital payments.