The in-vehicle payment services market stood at USD 5.2 billion in 2024, with a market size of USD 6.53 billion in 2025 and a projected value of USD 50.4 billion by 2034. The report anticipates a CAGR of 25.60% across the 2025–2034 forecast period, with 2024 as the base year and 2020–2023 as historical data. Companies such as Daimler AG, Hyundai Motor Co., Volkswagen AG, ZF Friedrichshafen AG, Amazon, and MasterCard are among the key players.

In-vehicle payments enable drivers to conveniently order and pay for food, gasoline, parking slots, and tolls without leaving their vehicles. The report notes that the market is poised for growth owing to advancements in Internet of Things (IoT) technology, which sits alongside the other drivers covered in the study.

Payment Modes Covered

The report segments the market by mode of payment into NFC, QR code/RFID, app/e-wallet based, and credit/debit card based options. The segmentation places NFC payments alongside the other modes. Credit/debit cards held the largest share, supported by the shift away from cash transactions across diverse age demographics, while the app/e-wallet segment is projected to grow at the fastest rate as consumers favor digital payment methods and convenience.

Application Segments: Charging, Parking and Tolls

The application segmentation covers parking, gas & charging stations, shopping, food & coffee, toll collection, and others. Gas & charging stations registered the largest share in 2024. The report attributes this to rising acceptance of electric vehicles, the growing accessibility of in-vehicle payment technology, and heightened competition among payment providers. Within this segment, charging station payments gain relevance as electric vehicle acceptance rises.

The parking segment is expected to grow rapidly. The report points to a surge in the population of passenger and commercial vehicles, citing OICA data showing that commercial vehicle sales in China increased by 18.7% in 2020. Rising vehicle numbers create heightened demand for parking spaces, and integrating parking payments into vehicles is seen as a way to alleviate long queues at these spaces.

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Driver Support and User Experience

The increasing integration of driver support systems is expected to contribute to market expansion throughout the forecast period. These systems offer benefits that include streamlined parking processes and the ability to make purchases directly from the control panel, which eliminates the need for additional devices or cards. The result is a more convenient and seamless experience for drivers.

Regional Insights

The market is analyzed across North America (U.S., Canada), Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia), Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea), Latin America (Brazil, Mexico, Argentina), and the Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa). North America held the largest share in 2024, supported by widespread adoption of advanced automotive technologies and the presence of prominent technology companies such as Apple and Google Inc. Asia Pacific is projected to grow at a rapid pace, backed by an increasing number of consumers, rising disposable income, and a tech-savvy approach to the latest innovations in digital payments.

Recent Development

In August 2025, Daimler Truck Financial Services introduced eService Leasing in Germany, providing integrated leasing, service agreements, and optional add-on services to make the transition to electric trucks easier for fleet operators.

Key Players in the In-Vehicle Payment Services Market

•         BMW AG

•         Daimler AG

•         Ford Motor Co.

•         General Motors Co.

•         Honda Motor Co. Ltd.

•         Hyundai Motor Co.

•         Jaguar Land Rover Automotive PLC

•         Volkswagen AG

•         ZF Friedrichshafen AG

•         Google

•         Amazon

•         Visa

•         MasterCard

•         PayPal

Conclusion

The in-vehicle payment services market is forecast to grow from USD 6.53 billion in 2025 to USD 50.4 billion by 2034 at a CAGR of 25.60%. Segment-level insights show where commercial momentum is building, from fueling and charging to parking and everyday purchases made from the control panel. Stakeholders that understand how payment modes, applications, and regional conditions interact can prioritize partnerships and product development more effectively, using the Polaris Market Research report as a reference.

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