UTRECHT, Netherlands, September 27, 2023 /PRNewswire/ — XXImoThe leading European payments and mobility platform has achieved an important milestone by becoming a Visa Principal Member. From this position, XXImo is poised to rapidly expand into various European countries, including France, in the coming years.
Helen Jones, Executive Director of Visa Commercial Solutions and Patrick Banik, CEO of XXImo
The Principal Membership with Visa will help XXImo to better serve its customer base across Europe and XXImo will continue to develop innovative payment products specifically tailored to the mobility needs of the business market and provide customers with an advanced mobility platform.
Mobility changes in open-loop payment systems
XXImo is well-positioned to meet the growing demand for a highly scalable open-loop payments platform for all mobility-related expenses. Payment for mobility services such as public transport, shared mobility, taxis and electric vehicle charging or refueling is on the cusp of transition towards open-loop payment systems. Unlike their closed-loop counterparts, open-loop payment systems do not require additional cards and card holders can easily travel using their contactless cards or smartphones, such as Apple Pay or Google Pay.
Patrick Bannick, CEO of XXImo, commented, “We are incredibly proud to achieve our Prime Membership status with Visa. This underlines our determination to take our mobility platform to new heights. We look forward to expanding our reach to new European markets. Committed to enhancing the mobility experience for customers.”
Helen Jones, Executive Director of Visa Commercial Solutions, said, “XXImo has a strong proposition at the intersection of corporate mobility and payments. There is tremendous market potential in Europe, and now, as a Visa Prime member, XXImo can leverage this potential and accelerate growth in new countries is a remarkable milestone for us in a collaboration that only gets stronger.”
In 2022, XXImo expanded into the United Kingdom. Expansion plans for 2023 include France and Central Europe.
XXImo, a part of privately held AutoBinck Group, is the all-in-one mobility platform for employers where expense management, international travel and mobility come together. With XXImo, employers can set an overall mobility policy for all employees based on business rules. The group has a turnover of €1 billion, operates in eight European countries and has more than 1,600 employees.
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