Octopus Energy’s electric vehicle (EV) charging platform Electroverse has partnered with Visa to launch the new Business Payments Card, aimed at simplifying fleet payments and tracking in the UK.
In a statement, Electroverse said this Visa Fleet 2.0-powered card is available for UK fleets “for the very first time”.
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The Business Payments Card serves as both a fleet and spending card, covering expenses such as EV charging, tolls, and meals.
Fleet managers can set spending limits and monitor expenses through a dashboard, ensuring streamlined operations and security.
Electroverse’s latest addition to Octopus Fleet solutions is integrated with Europe’s “largest” EV charging platform, offering access to more than one million chargers globally.
Recent innovations also include Plunge Pricing and Plug & Charge technology.
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By GlobalDataThe new card is available in physical and digital formats, with virtual wallet options expected soon.
Electroverse director Matt Davies said: “We have made charging simple for drivers – now we are making the whole fleet experience just as easy for Britain’s six million fleet vehicles. Fleet managers and drivers have long had to navigate a maze of charging apps and payment solutions.
“With Visa, we are proud to launch one of the first Visa Fleet 2.0 cards, putting everything on one card and giving businesses the control they need to speed up their shift to cleaner transport.”
Visa Europe fleet and mobility head Richard Campion said: “Fleet operators are looking for smarter ways to manage the shift to electric, and Visa Fleet 2.0 makes that transition simpler and more efficient.
“With Electroverse, we are enabling UK businesses to consolidate on-the-road spending, gain real-time visibility and maintain the security and control they expect from Visa – all while powering a cleaner future for transport.”
Last month, Octopus Electric Vehicles, the leasing arm of Octopus Energy, partnered with Mastercard to offer an EV salary sacrifice scheme, providing employees £100 ($135.2) charging credit and affordable leasing options.
