J.P. Morgan Mobility Payments Solutions S.A. Revenue and Competitors

Volkswagen Payments S.A. became J.P. Morgan Mobility Payments Solutions S.A., following the joint venture of Volkswagen Financial Services AG and J.P. Morgan. \n\nJ.P. Morgan Mobility Payments Solutions S.A. is an Electronic Money Institution based in Strassen, Luxembourg, regulated by the Commission de Surveillance du Secteur Financier. The Company is fully PSD2 compliant. The EMI license allows service coverage throughout all EU and EEA states. \n\nTogether with their Munich-based 100% subsidiary, J.P. Morgan Mobility Payments Systems GmbH, formerly known as Volkswagen Payment Systems GmbH, the company currently offers payment solutions for all digital sales channels, including an e-Wallet solution, for the mobility services of the VW Group. In addition, the company offers various payment-related services such as, Merchant Panel features, Risk Management for Sanction List Checks, Address Validation, and VAT ID Checks and more. \n\nThe joint venture combines knowledge and competences to better support and further enhance the digital payment journeys of their valued customers by leveraging the automotive expertise of J.P. Morgan Mobility Payments Solutions S.A. with the global reach of one of the world’s biggest banking platforms. The company continues serving the VW Group and remains strongly committed to invest with Volkswagen Financial Services and J.P. Morgan into the enhancement of its products and services, the payment platform, and ramping-up the teams in Luxembourg and Munich. \n\nJ.P. Morgan Mobility Payments Solutions S.A., with its subsidiary, will continue offering tailored solutions to accelerate business-growth and to maximise customer-satisfaction through state-of-the-art payment experiences, and white label service offerings. \n\nThe company remains strongly committed to keep facilitating payments across the Volkswagen network, and with the support of J.P. Morgan, across new markets and industries outside the automotive sector.