28 Dec '16, 4pm

Volkswagen Financial Services AG acquires parking mobile payments company #PayByPhone

Volkswagen Financial Services AG acquires parking mobile payments company PayByPhone 28 December 2016 Volkswagen Financial Services AG, the financial services division of Volkswagen Group, has acquired PayByPhone , a leading parking payment provider. The deal positions Volkswagen Financial Services AG solidly in the mobile payments and parking sectors, while providing the foundation for future PayByPhone growth globally. Volkswagen Financial Services AG has already acquired a 92% shareholding in Sunhill Technologies GmbH, the German market leader in mobile-parking solutions across 90 German cities. The PayByPhone acquisition expands the Volkswagen Financial Services AG footprint in the mobile-payment solutions market, and positions the organization as the central service provider within the Volkswagen Group for the parking business. In 2016, PayByPhone has already processe...

Full article: http://www.greencarcongress.com/2016/12/20161228-vwfsag.html

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