UPEI is pleased to announce the new partnership with ryd.
ryd is a product of ThinxNet GmbH, a fast growing IoT / FinTech start-up from Munich. Founded in 2014, ThinxNet puts the digital future on the road. ryd is a connected car platform focusing on ryd pay and ryd box. ryd pay is the largest cross-brand solution for mobile payments directly at the gas pump. The ryd box, an OBD2 connector, turns every car into a SmartCar. With ryd pay, payment is made directly via app at the fuel pump or in the car. Therefore, going into the petrol station shop becomes unnecessary. Fast, convenient and secure thanks to security and encryption mechanisms according to banking standards. In addition to the ryd app as a direct channel, ryd enable third parties such as navigation apps, in-car payment from car manufacturers or apps to use the pay@pump features via an API or SDK implementation.
Currently ryd is available in Germany, Austria and Switzerland and will soon be expanding into Benelux, Spain and Portugal.
By 2024, ryd pay will be available throughout the EU.