LogPay Financial Services

What LogPay Financial Services does

LogPay Financial Services GmbH is a BaFin-licensed payment institution headquartered in Eschborn, Germany, operating as a 100% subsidiary of Volkswagen Financial Services AG. The company functions as a dedicated Payment Service Provider (PSP) for the European transport and mobility sector, processing over 80 million payment transactions annually across more than 300 mobility providers and German Verkehrsverbünde (transit associations), including major operators in Munich, Stuttgart, and Cologne. Its core products include the Urban Payground multimodal payment platform (integrating bus, train, e-scooter, bike sharing, car sharing, and parking under a single contract), factoring services providing 100% gross-sales payout and full receivables management (collection, dunning, debt monitoring), and payment processing for the national €63/month Deutschland-Ticket subscription. The platform supports all major German and European payment methods (SEPA direct debit, credit cards with 3D Secure/PSD2, PayPal, Apple Pay, Google Pay, Amazon Pay, giropay, Sofort/Klarna) and integrates with SCHUFA for creditworthiness checks.

The company's revenue model combines transaction-based fees on processed payments, recurring commissions on factoring balances, and service fees from multimodal mobility solutions and the CHARGE&FUEL App/Card product suite. Go-to-market is exclusively enterprise B2B: dedicated partner management and field sales teams contract directly with Verkehrsverbünde, public transport operators, mobility platforms (e-scooter, bike, car sharing), fleet operators, employers offering Jobticket programs, and government entities (e.g., police fleets in Lower Saxony and Thuringia). Distribution is conducted through direct API/system integration and dedicated enterprise account management.

LogPay's strategic posture is being reshaped by Volkswagen's January 2025 announcement that LOGPAY Transport Services GmbH (the charge and fuel card subsidiary housing CHARGE&FUEL, PLUG&CHARGE, and Home Charging Reimbursement) will merge with Elli into a new Elli Mobility GmbH under Volkswagen Group Charging GmbH, effective March 2025. The remaining LOGPAY Financial Services GmbH continues as the regulated PSP and factoring entity within Volkswagen Financial Services AG, now with an explicit European focus (Germany, France, UK) and a diversified product portfolio spanning transit ticketing, factoring, parking, EV charging, and fleet card services. Certifications include PCI DSS, HPQR, ISO 9001:2015, and GDPR/DSGVO compliance.

Name

LogPay Financial Services

Legal name

LOGPAY Financial Services GmbH

Website

https://logpay.de

Company type

Private

Founded year

1900

Operating status

Operating

Headcount range

51–100 employees

Short description

LogPay Financial Services is a BaFin-licensed payment service provider and 100% subsidiary of Volkswagen Financial Services AG that processes 80M+ transactions annually for 300+ German and European mobility providers, offering payment processing, factoring, and the CHARGE&FUEL mobility platform.

Ownership category

akta.pro rank

Product category

Mobility Payment Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Other Support Activities for Transportation (4889), Passenger Car Rental and Leasing (53211)

SIC

Transportation Services (4700), Finance Lessors (6172)

akta.pro primary industry

Travel Payments & Virtual Cards for Corporate Travel (THALAMAJ)

akta.pro secondary industries

Corporate Travel Payment Orchestration & Routing (Multi-issuer, Multi-rail) (THACAJAD), Fraud Prevention, Controls & Compliance (MCC controls, AML/KYC, SCA) (THACAJAG), Payment Reconciliation, ERP/AP Integration & Data Enrichment (Level 2/3, eReceipts) (THACAJAE), Accounts Payable Automation & Invoice Payments for Travel Suppliers (THACAJAI)

Keywords

• Mobility payment processing
• Public transit payments
• Mobility factoring services
• EV charging payments
• Transport financial services

Headquarters

HQ city

Eschborn

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Payment Processing Fees: Transaction-based fees from processing payments for transport operators and mobility providers. The company acts as payment service provider, handling the full payment workflow including credit card, SEPA direct debit, and digital payment methods. Revenue accrues per transaction processed.
2. Factoring Commission: Commission-based revenue from factoring services where LOGPAY purchases receivables from transport operators, providing immediate liquidity. Commission is contractually predetermined and covers debt collection, monitoring, and accounts receivable management.
3. Mobility Solutions Services: Integrated payment solutions for multimodal mobility platforms including ticketing, parking, and sharing services. Revenue derived from service fees for transaction handling, risk management, customer support, and reporting services.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

LogPay Financial Services is a BaFin-licensed Payment Service Provider for public transport and mobility operators in Germany, processing payments and managing receivables for more than 300 mobility providers. Its offerings span a multimodal mobility payment platform (Urban Payground), factoring and accounts-receivable management with immediate liquidity, the CHARGE&FUEL Card and App for EV charging and fueling, and dedicated payment processing for the Deutschland-Ticket and Jobticket subscriptions. The company bundles transaction processing, risk management, dunning and debt collection, customer support and consolidated reporting under single contracts with transport associations and mobility platform operators.

Product overview

LOGPAY Financial Services operates as a comprehensive payment and mobility services platform, consisting of two main divisions: LOGPAY Financial Services GmbH and LOGPAY Transport Services GmbH. The core offering centers on Mobility Solutions - a Payment Service Provider platform enabling seamless transaction processing for over 300 public transport operators and mobility providers across Germany, handling more than 80 million payment transactions annually. This platform integrates with multiple payment methods (SEPA, credit cards, digital wallets) and supports multimodal mobility including transit tickets, e-scooters, bike sharing, and parking. Complementary services include Factoring for immediate liquidity, and the CHARGE&FUEL suite (App and Card) for EV charging and fuel payments, with features like PLUG&CHARGE and Home Charging reimbursement. The Urban Payground serves as an innovation engagement platform. As of March 2025, LOGPAY Transport Services GmbH will reorganize into Elli Mobility GmbH under Volkswagen Group Charging GmbH.

Differentiator

Problem solved

Functional benefit

Brands

• CHARGE&FUEL: App and card for EV charging and fueling services
• Urban Payground
• Deutschland-Ticket Payment Services

Products and services

• Mobility Solutions (Mobility & Payments) Leading Payment Service Provider platform for German public transport and multimodal mobility. Connects mobility providers, system operators and payment method providers through a single interface, enabling seamless payment across bus, train, e-scooter, bike sharing, car sharing and parking services. Targeted at transport associations and mobility platform operators.
• Factoring Accounts-receivable management service where mobility providers sell customer receivables to LogPay in exchange for immediate payment. Includes debt collection, receivables monitoring and credit-line relief. Targeted at public transport operators and mobility providers.
• Payment Processing Services End-to-end transaction processing including payment collection, accounts-receivable management, risk management, customer support (1st and 2nd level) and comprehensive reporting for mobility providers. Targeted at transport associations and mobility platform operators.
• CHARGE&FUEL App Mobile application for EV charging and fuel payment that lets users locate charging stations, start charging sessions and pay; includes direct reimbursement for home charging of company vehicles. Targeted at fleet operators, employees and EV drivers.
• CHARGE&FUEL Card Physical payment card for charging and fueling services at partner stations across Europe, used by fleet operators including police forces in Lower Saxony and Thuringia.
• Deutschland-Ticket Payment Processing Payment processing for the €63/month nationwide German public transport subscription ticket, supporting multiple payment methods including PayPal, credit card and SEPA direct debit. Sold to transport associations as a managed service.
• Jobticket Payment Processing Payment processing and collection services for employer-subsidized public transport tickets (Jobticket) with monthly direct debit from employee bank accounts. Targeted at German employers offering the Jobticket benefit.

Quantifiable outcome

• Over 80 million payment transactions processed annually
• +3 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

AI capability1 record

Feature4 records

Partnerships

Two partnerships are on record, tiered flagship and core.

• Elli Mobility GmbHflagshipStrategic or Co-development Partner · 1 March 2025Volkswagen is merging LOGPAY Transport Services GmbH with Elli to create Elli Mobility GmbH (100% subsidiary of Volkswagen Group Charging GmbH). The consolidation combines LOGPAY's charging and fuel card services with Elli's e-mobility solutions, offering unified charging, fueling, and washing services for EV and mixed fleet vehicles. Planned launch March 2025.
• Volkswagen Financial Services AGcoreOthers100% parent company of LOGPAY Financial Services GmbH. Volkswagen Financial Services AG is the world's largest automotive financial services provider and provides strategic backing, financial strength, and regulatory credibility. LOGPAY is part of the Volkswagen Group and subject to VW Group compliance standards.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Conduent: US-listed business services firm that operates one of the world's largest transit fare-collection and mobility payment platforms, serving public transport authorities with payment processing, fare collection and back-office services — directly comparable to LogPay's Verkehrsverbund-focused offering at a global scale.
• Cubic Transportation Systems: Provider of integrated fare collection, mobile ticketing and payment platforms for transit operators worldwide; competes directly with LogPay in the public-transport payment infrastructure space with similar account-based ticketing and back-office capabilities.
• Scheidt & Bachmann: German family-owned provider of fare collection systems, ticket vending and access control for public transport operators globally; shares LogPay's deep German ÖPNV roots and competes for the same Verkehrsverbund and operator contracts.
• Ratepay: Berlin-based payment service provider offering white-label payment processing, factoring-style receivables management and risk solutions to European merchants; highly comparable German payment institution peer with similar B2B PSP and receivables-management positioning.
• Computop: German payment service provider offering omnichannel payment processing, fraud prevention and back-office solutions to retailers and mobility platforms; comparable as a domestic BaFin-regulated PSP competing for the same German enterprise mobility and ticketing clients.
• init innovation in traffic systems (init SE): German-headquartered public transport technology supplier offering ticketing, fare collection, real-time passenger information and planning solutions to transit authorities — direct domestic peer with overlapping German and European ÖPNV customer base.
• Flowbird (formerly Parkeon): Provider of urban mobility solutions including parking payment terminals, ticket machines and transit ticketing across Europe; directly comparable in parking-payment processing (a LogPay use case via P-Card with Contipark) and transit fare-collection segments.
• Elli (Volkswagen Group Charging GmbH): Volkswagen Group's e-mobility charging and energy services subsidiary, now being merged with LogPay Transport Services; the closest peer since they will become the same entity (Elli Mobility GmbH) covering EV charging payment, fuel cards and washing services.

Emerging players

• Masabi: Software-as-a-service mobile ticketing and fare collection platform for transit agencies, offering Justride SDK-based account-based ticketing — competes with LogPay on the mobile/digital ticketing layer for transit operators, particularly for smaller and mid-sized authorities.

Broad incumbents

• Worldline: Europe's largest payment processor offering merchant acquiring, payment processing and digital services across verticals including transit and mobility; overlaps with LogPay as a B2B payment service provider serving European enterprises and public-sector clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/logpaygroup

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LogPay Financial Services