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BP. Bp Plc

510.40
-5.40 (-1.05%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bp Plc LSE:BP. London Ordinary Share GB0007980591 $0.25
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.40 -1.05% 510.40 509.40 509.50 516.60 506.10 516.30 26,147,354 16:35:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Petroleum Refining 211.6B 15.24B 0.8934 5.70 86.91B

BP Invests EUR10 Million in In-Car Digital Payments Startup

07/09/2021 10:18am

Dow Jones News


Bp (LSE:BP.)
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By Jaime Llinares Taboada

 

BP PLC said Tuesday that it is investing 10 million euros ($11.9 million) in ryd, an in-car digital payments provider.

The energy company said ryd, a product of Munich-based start-up ThinxNet GmbH, offers a conventional single digital solution for drivers to pay for services such as fuel, electric vehicle charging and car washing via its app or through integration with smart car systems.

BP aims to learn and benefit from ryd's secure, scalable and flexible payment options to expand its own offering for BP customers across Europe, it said.

The connected car data market is forecast to reach $19 billion globally by 2030, and the non-fuel retail sales market is forecast to reach $285 billion by the same year, BP said.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

September 07, 2021 05:03 ET (09:03 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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