About This Episode

This week, we meet up with Nico Kersten, CEO of Mercedes pay. On top of the transformational shift from internal combustion engines to electric vehicles, Mercedes-Benz is also transforming itself into a digital software driven company where digital payments becomes an essential foundational layer. This is the focus of our conversation today. Launched in 2018 Mercedes pay operates the in-house digital payment platform for Mercedes Benz and acts as the digital payments and fintech knowledge hub for the Group. Mercedes pay platform is now live in more than 40 markets, enabling transaction processing for Mercedes-Benz e-commerce products and services. In addition, Niko also shares his perspective on what it takes to successfully manage fintech innovation at a large traditional industrial company.

About Mercedes pay

Mercedes pay GmbH as subsidiary of Mercedes Benz Mobility AG operates our in-house digital ePayment platform. Acting as the knowledge hub around digital payments, it plays an integral role in the mobility and digitalization strategy of Mercedes-Benz Group AG.

Mercedes pay was first launched in 2018 in selected markets. The platform is now active in more than 40 markets, where it enables transaction processing for Mercedes-Benz e-commerce products and services on a global scale. Depending on the market, this includes transactions via the Mercedes me connect store, the Mercedes me app, in-car payments or online down payments for vehicles as well as vehicle payments in full.

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Listen to the episode

Episode Links

Nico's Linkedin: www.linkedin.com/in/nico-kersten-767500211/

Mercedes pay Website: www.mercedes-benz-mobility.com/en/what-we-do/payment-services/

Mercedes pay on LinkedIn: www.linkedin.com/company/mercedes-pay-gmbh/

Another of Nico's Recent Interviews: "Why shouldn’t cars be able to do what smartphones have long been able to do?”

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Guest Bio

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Nico Kersten, with a experience spanning 20+ years, heads Mercedes pay GmbH as CEO and Managing Director since July 2021 and is a member of the Board of Directors of Mercedes pay US LLC. Under his guidance, Mercedes pay has expanded its reach to encompass more than 40 global markets. With a solid foundation in the automotive sector, he continues to make substantive contributions within the Mercedes-Benz Group. Prior to his time at Mercedes pay, Nico Kersten held various positions at Mercedes-Benz Mobility, most recently as Program Manager for ePayments.

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This article is part of Leaders in Payments & Fintech, a podcast and newsletter bought to you by EDC. Join me and follow Leaders in Payments & Fintech today on Apple, Spotify, or your favourite podcast app for conversations with today’s global leaders in payments and Fintech.

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