In-Vehicle Payment Services Market Size, Share, Growth, Trends, and Global Industry Analysis: By Offering (Solution, Service), By Payment Mode (Credit/Debit Card, App/E-Wallet, QR Code/RFID, Others) By Vehicle Type (Light Duty Vehicle (LDV), Heavy Duty Vehicle (HDV)), By Application (Fuel/Charging Stations, Toll/Parking, Food/ Groceries, Others) and Region Forecast 2026-2032

In Vehicle Payment Services Market size was valued at US$ 7.5 billion in 2025 and is expected to reach US$ 16.7 billion by 2032, growing at a significant CAGR of 12.1% from 2026-2032. It is expanding as automotive manufacturers, payment providers, fintech companies, and mobility operators integrate secure digital payment capabilities directly into connected vehicles. In-vehicle payment services enable drivers and passengers to complete transactions for fuel, electric vehicle (EV) charging, parking, toll collection, food and beverages, shopping, and other mobility-related services through vehicle infotainment systems, mobile applications, digital wallets, and embedded payment platforms.

The increasing adoption of connected vehicles, contactless payment technologies, digital wallets, vehicle telematics, and smart mobility solutions is creating new opportunities for seamless payment experiences. Modern vehicles are increasingly becoming connected digital platforms, allowing users to authenticate transactions and make payments without relying on cash or manually entering card details.

The increased demand for contactless payments is propelling the in-vehicle payment services market forward. Due to the COVID-19 pandemic, there was a significant shift toward contactless payments, aided further by the payment systems' sophisticated and perfect support. According to UK Finance, the total value of contactless transactions in November 2021 will be £17.7 billion (US$ 19.96 billion), up from £9.9 billion (US$ 11.84 billion) in November 2019 and 155.3% more than £6.9 billion (US$ 7.6 billion) in November 2019. As a result, the growing demand for contactless payments is projected to drive the expansion of the in-vehicle payments industry in the future.

Key Takeaways

• OEM–fintech partnerships are accelerating market adoption
• Fleet and commercial vehicles offer significant B2B opportunities
• AI-powered personalization represents an emerging opportunity
• EV charging is a major growth opportunity
• Cybersecurity, data privacy, and interoperability remain major challenge

Key Developments

• In August 2026, ParkMobile and Parkopedia partnered to enable seamless in-car parking payments across more than 80,000 locations in the U.S. The integration combines ParkMobile’s parking payment network with Parkopedia’s in-vehicle technology, allowing drivers to find, reserve, and pay for parking directly through compatible vehicle infotainment systems.
• In August 2025, Hyundai Motor India expanded its connected-vehicle technology with H-Wallet in-car payment capabilities. The technology is featured in the CRETA Electric, enabling integrated payment functionality as part of Hyundai’s connected mobility and digital ownership ecosystem.
• In September 2023, Mercedes-Benz partnered with Mastercard to introduce native in-car payments through Mercedes pay+. The service enabled customers in Germany to pay for fuel at more than 3,600 service stations directly through the vehicle using fingerprint authentication, eliminating the need for a PIN or mobile-device authentication.