OpenWay is supporting Visa’s international rollout of Fleet 2.0 to help businesses manage mobility payments more efficiently. The collaboration is part of Visa’s Ready for Fleet program.
Visa Fleet 2.0 brings open-loop acceptance and is designed to consolidate fuel, toll, parking, EV charging and travel expenses into a single physical or digital card.
The system includes sustainability readiness and provides tools for fleet operators, leasing companies and financial institutions to monitor spending and streamline payments.
It also supports different energy types as more fleets adopt electric, hybrid and hydrogen vehicles.
OpenWay has integrated Visa Fleet 2.0 into its Way4 Fleet platform through the Ready for Fleet program.
The companies describe this as a first-ever integration that brings issuing, acquiring, switching, fleet and digital wallet functions into one unified platform.
Banks, fuel retailers and mobility providers can use the system to launch Fleet 2.0 programmes and issue physical cards, virtual cards and wallets.
“Visa Fleet 2.0 marks a major step forward in how mobility payments are managed.
Integrating this capability into our Way4 platform helps clients deliver smarter, more secure, and sustainable payment experiences.”
said Walter Van Huyck, Solution Manager Fleet and Mobility Payments at OpenWay.
“As mobility continues to evolve, so do the needs of fleet operators and payment providers. Visa Fleet 2.0 is designed to support that shift.
By partnering with OpenWay, we’re delivering a secure and flexible solution that helps partners streamline operations and better serve their customers. This collaboration reflects our shared commitment to building a more connected and efficient mobility ecosystem,”
said Richard Campion, Head of Fleet and Mobility, Visa Europe.
Featured image: Edited by Fintech News Singapore, based on image by Freepik
