Hubject Financial Services has been approved by the German Financial Supervisor (BaFin) as a licenced payments institution to process EV charging payments in Europe.
With the BaFin authorization under the Payment Services Oversight Act (ZAG), Hubject Financial Services - the payments operation of eMobility company Hubject - says it is expanding its portfolio of services. The company says this offers advantages for all EV charge point operators (CPOs) and eMobility services providers (EMPs).
Hubject Financial Services will process payments, completing the final piece of an integrated solution that transforms how CPOs and EMPs manage financial transactions, compliance, and revenue optimization.
For an industry where cross-border transactions, VAT compliance, and multi-currency settlements create operational complexity, Hubject says this licensing represents a transformative development. Partners can now focus on growing their charging networks and improving customer experiences while Hubject Financial Services manages the underlying financial infrastructure with full regulatory compliance and approval of a financial supervisor. This regulatory achievement represents a significant milestone for the eMobility industry. After two years of rigorous regulatory preparation, Hubject Financial Services becomes the first eMobility company to receive a payment institution license from BaFin. This achievement establishes Hubject as the only company in the sector to combine proven interoperability technology with its own regulated financial services solution.
"Today marks the completion of our most ambitious project, delivering on our promise to create truly end-to-end financial solutions for the eMobility industry," said Carsten Puhl, CEO of Hubject Financial Services. “This creates new possibilities for innovation within the eMobility ecosystem. With this financial services authorization, Hubject Financial Services GmbH can develop advanced payment capabilities, enhanced settlement options, and integrated financial products that address emerging industry needs as EV adoption accelerates globally.”
Hubjet says the combination of world-leading interoperability technology and regulated financial services positions it to support the industry's evolution from early adoption to mainstream integration. All Hubject roaming partners can now seamlessly create, send, receive and approve invoices as well as initiate money transfers. Today these processes are done individually, creating a lot of friction between companies.
Hubject provides the eRoaming platform intercharge, which connects CPOs and EMPs to provide standardized access to charging infrastructure. The company says it operates the world's largest cross-provider charging network, connecting over 1 million charge points and more than 2,750 B2B partners across 72 countries. Hubject is also a leader in Plug & Charge technology, using ISO 15118-2 and -20 standards to deliver secure, seamless EV charging experiences.
