We are a part of the Volkswagen Group
As a wholly-owned subsidiary of Volkswagen AG, Volkswagen Financial Services AG, as part of Volkswagen Group Mobility, manages the European financial and mobility services business for the Volkswagen Group brands. The company is active in 18 markets via subsidiaries, equity investments and joint ventures. This makes Volkswagen Financial Services AG the largest automotive financial services provider in Europe.
As a captive financial services company and sales promoter for the Volkswagen Group, Volkswagen Financial Services pursue the interests of the Group's automobile brands and support them in developing new markets. Thus, Volkswagen Financial Services is an integral part of Volkswagen AG.
Even though the underlying circumstances in the various markets are different, there is one thing all these countries have in common: their customers want to enjoy fast, safe and transparent mobility in their everyday lives. The goal of Volkswagen Financial Services is to fulfill this wish. To do so effectively, the company's broad product portfolio is to be expanded worldwide. We are also developing an overarching mobility platform for the brands of the Volkswagen Group with mobility services for periods ranging from a few minutes to several years.
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Charging stations at campus of VWFS in Braunschweig.
Long tradition - modern financial services and mobility products
With the founding of Volkswagen Versicherungsdienst in 1948, the Volkswagen Group's first financial service saw the light of day at an early stage. In the years that followed, the foundations for future business success were laid by establishing and expanding the banking, leasing and services business.
Today, Volkswagen Financial Services act as a global sales promoter for the brands of the Volkswagen Group and support them in maintaining customer loyalty by offering a broad range of mobility services. The aim is to offer all customers mobility services ranging from a few hours to several years through a uniform platform – simply, transparently, and digitally. Customer mobility is the core concern at the heart of all Volkswagen Financial Services activities. The brand promise of being "The Key to Mobility" is therefore imprinted our DNA. The key business fields embrace automotive banking and leasing, insurance and services, and solutions for mobility and payment.
Digitalization also plays a central role at Volkswagen Financial Services. All key services are to be available and ready for conclusion online – in close collaboration with the brands of the Volkswagen Group. This will be possible through a focus on a seamless omni-channel sales approach, allowing customers to freely decide through which path they want to acquire their new vehicle. Whether it is financing or leasing, insurance, or services related to the vehicle – we want to be where our customers expect us to be.
Subsidiaries of Volkswagen Financial Services AG
Volkswagen Bank GmbH
Volkswagen Bank GmbH is a wholly-owned subsidiary of Volkswagen Financial Services AG and has been active in the market since 1949. The services offered by Volkswagen Bank extend from financing new and used vehicles of all Volkswagen Group brands to direct banking and dealer financing. The focus is on both private and business customers in various European markets. Today, Volkswagen Bank is the leading automotive bank in Europe. As measured by its volume of deposits, which currently stands at EUR 37.6 billion, Volkswagen Bank is also one of the largest direct banks in Germany.
Management Board:
- Dr. Volker Stadler (Chairman)
- Christian Löbke
- Oliver Roes
Supervisory Board:
- Frank Fiedler (Vorsitzender)
Member of the Board of Management of Volkswagen Financial Services AG - Björn Bätge (stellv. Vorsitzender)
Group Treasury - Head of Global Markets at Volkswagen AG - Silvia Stelzner (stellv. Vorsitzende)
Managing Director of the Joint Works Council of Volkswagen Financial Services AG and Volkswagen Bank GmbH - Markus Bieber
Managing Director of the General Works Council of Volkswagen AG - Prof. Dr. Susanne Homölle
Chair of ABWL: Banking and Finance, University of Rostock - Dr. Alena Kretzberg
Member of the Board of Management of Volkswagen Financial Services AG - Markus Konradt
Member of the Board of Management of the Management Association
of Volkswagen Financial Services AG and Volkswagen Bank GmbH - Katrin RohmannKatrin Rohmann
Auditor - Björn Schöne
Member of the Joint Works Council
of Volkswagen Financial Services AG and Volkswagen Bank GmbH - Alina Roß
IG Metall District Management Lower Saxony and Saxony-Anhalt
Address:
Volkswagen Bank GmbH
Gifhorner Straße 57
38112 Braunschweig
Deutschland
Volkswagen Leasing GmbH
Volkswagen Leasing GmbH is a wholly-owned subsidiary of Volkswagen Bank GmbH. With its foundation in 1966, the Volkswagen Group laid the foundation for automobile leasing in Germany. Volkswagen Leasing is responsible for the leasing of new and used vehicles from the Volkswagen Group brands in Germany, Poland, and Italy. Business is mainly directed towards commercial customers – from small craft businesses to large corporations and public authorities. The expansion of private customer leasing is also becoming increasingly important.
Management Board:
Manuela Voigt (Spokeswoman of the Board)
Hendrik Eggers
Verena Roth
Address:
Volkswagen Leasing GmbH
Gifhorner Straße 57
38112 Braunschweig
Germany
Volkswagen Autoversicherungs AG
Volkswagen Autoversicherung AG was founded in 2013 as a joint venture between Allianz Versicherungs-AG and Volkswagen Financial Services AG. It offers first-class vehicle insurance products with a focus on private customers in Germany – in particular fully and partially comprehensive cover and liability insurance for the Volkswagen Passenger Cars, Audi, SEAT and ŠKODA brands.
www.vwfs.de
Management Board:
Dr. Katharina Amann (Chairwoman)
Dr. Jürgen Guhe
Simona Loges
Address:
Volkswagen Autoversicherung AG
Gifhorner Straße 57
38112 Braunschweig
Germany
Volkswagen Versicherung AG
Volkswagen Versicherung AG is a wholly-owned subsidiary of Volkswagen Financial Services AG. The company offers highly competitive insurance-related products for the brands Volkswagen, Audi, SEAT and ŠKODA. The core product is a warranty extension for new and used cars.
www.vwfs.de
Management Board:
Thorsten Krüger
Dr. Marc Weilbeer
Address:
Volkswagen Versicherung AG
Gifhorner Str. 57
38112 Braunschweig
Germany
Volkswagen Financial Services N.V.
Volkswagen Financial Services N.V. was founded in 1983 and is a hundred-percent indirectly held subsidiary of Volkswagen Financial Services AG. Its purpose is to support the refinancing of Volkswagen Financial Services AG and its subsidiaries. The company provides capital market-related refinancing as a service within the Volkswagen Financial Services group of companies by issuing bonds and commercial papers on the international capital markets and through their transfer in the form of intercompany loans.
Management Board:
Christopher Norrod
Address:
Volkswagen Financial Services N.V.
Paleisstraat 1-5
NL- 1012 RB Amsterdam
The Netherlands
Collect Car B.V. (Greenwheels)
In 2013, Volkswagen Financial Services AG and the Dutch Volkswagen Group importer Pon Holdings B.V. acquired Collect Car B.V., which operates its car sharing service under the Greenwheels brand. Volkswagen Financial Services AG holds 60 percent of the shares in this joint venture and Pon Holdings B.V. holds 40 percent.
Greenwheels was founded 1995 as a classic start-up by two university graduates. With three second-hand cars to start with, the founders set themselves the goal of creating more space for things other than cars driving on the road or parked along the street – and therefore a greater quality of life – in the cities of the Netherlands through the shared use of vehicles.
Today, Greenwheels is the leading car sharing provider in the Netherlands with around 2,800 vehicles on its books. In addition to its classic car sharing for private individuals, Greenwheels also offers corporate car sharing solutions for fleet operators.
www.greenwheels.com
Management Board:
Andrew Berkhout
Address:
Collect Car B.V.
Postbus 23191
3001 KD Rotterdam
Netherlands
EURO-Leasing GmbH
EURO-Leasing GmbH with headquarters in Sittensen is a subsidiary of Volkswagen Financial Services AG. In the past, the medium-sized company focussed on the rental and sale of trucks and trailers, and car rental. The car sector has been maintained as a separate company and trades under the name Euromobil GmbH. The HGV business is being phased out and is expected to be wound up by the end of 2024. Customers with ongoing rental contracts will of course still be supported in the usual way until the last day.
EURO-Leasing GmbH has been operating with a new orientation since September 2022. The company’s range of offers comprises services in the transport, logistics and administrative sectors (including used car service, contract processing and accounting) for the parent company Volkswagen Financial Services AG.
EURO-Leasing GmbH combines medium-sized and group DNA, enabling pragmatic and efficient solutions. Mutual respect, trust and openness to change are a prerequisite.
With around 100 employees at present, we take on these new challenges with openness and determination. EURO-Leasing GmbH is on a path to change and growth.
Board of Management:
Jörg Pape
Torben Kleist
Address:
EURO-Leasing GmbH
Hansestraße 1
27419 Sittensen
Germany
LogPay Financial Services GmbH
When it’s about passenger, car, freight and cargo transport payments, the LOGPAY Group of Companies* takes care of billing for the services used. Thanks to the combined solutions of fuel and charge cards, apps, and financing concepts, customers save time and money and significantly reduce their administrative workload.
LOGPAY (founded in 1923 as part of DVKB) boasts many years of expertise in the financing and payment processing of transport services – today, LOGPAY is a wholly-owned subsidiary of Volkswagen Financial Services AG.
Together with its parent company, LOGPAY brings people together and goods to their destinations. As a platform for service cards and payment solutions, the company has issued more than 700,000 fuel cards to customers in the European mobility market, through which it generates an annual transaction volume of EUR 3.2 billion in all business areas.
Using the Charge&Fuel Card and Charge&Fuel App, which LOGPAY offers with VW Leasing, fleet customers can charge at over 650,000 charging points and refuel at 22,000 filling stations in 29 European countries. In combination with co-branded cards, international mobility expands to over 50,000 filling stations in more than 30 countries. Most recently, LOGPAY has even started to offer completely contactless payment via app at the pump under the name Mobile Fueling.
LOGPAY is also the preferred payment service provider for over 300 transport associations, transport companies, and mobility providers in Germany. LOGPAY processes over 70 million transactions for them every year.
www.logpay.de
Board of management:
Dr. Oliver Bernards
Jens Thorwarth
Janina Meyer
Address:
LOGPAY Financial Services GmbH
Schwalbacher Straße 72
65760 Eschborn
Germany
*The companies LOGPAY Financial Services GmbH and LOGPAY Transport Services GmbH provide their services under the joint business name "LOGPAY Group of Companies"
Mobility Treader Holding GmbH (Heycar)
Mobility Trader Holding GmbH is the parent company of all the heycar national subsidiaries. The shareholders are Volkswagen Financial Services AG, Volkswagen AG, Allianz and Renault Group and its subsidiary Mobilize Financial Services. Mobility Trader GmbH (heycar Germany), Mobility Trader UK Ltd. (heycar UK) and Mobility Trader France SAS (heycar France) are currently operating under the umbrella of Mobility Trader Holding GmbH.
Heycar brokers used cars that are no more than eight years old and have a maximum of 100,000 miles or 150,000 km on the clock. All vehicles come with a warranty. In addition, there are binding service standards for the affiliated dealers, who also have to satisfy specifically defined quality criteria. The heycar platform is independent of any manufacturer and offers vehicles of all brands on its website.
Home | heycar Group
www.hey.car (Germany)
www.heycar.co.uk (UK)
www.heycar.fr (France)
Management Board Mobility Trader Holding GmbH:
Mischa Blank (CEO)
John Sweeting
Address:
Mobility Trader Holding GmbH
Müllerstraße 153
13353 Berlin
Germany
Vehicle Trading International GmbH
Vehicle Trading International (VTI) GmbH is a wholly owned subsidiary of Volkswagen Financial Services AG. VTI's task is the efficient marketing of used vehicles at competitive conditions as well as the further development of the national and international used vehicle business.
Management board:
Henning Dohrn
Ralf Nickold
Sebastian Olschewski
Volkswagen Payments S.A./
Volkswagen Payment Systems GmbH
Volkswagen Payments S.A. was founded in 2017 by Volkswagen Financial Services AG. In September 2021, J.P. Morgan obtained a majority stake of 74.9% in Volkswagen Payments S.A., Volkswagen Financial Services AG remains a shareholder with 25.1%. Since October 2022, Volkswagen Payments S.A. became J.P. Morgan Mobility Payments Solutions S.A., following the joint venture of both stakeholders.
J.P. Morgan Mobility Payments Solutions S.A. is an Electronic Money Institution (EMI) based in Strassen, Luxembourg, regulated by the Commission de Surveillance du Secteur Financier. The Company is fully PSD2 compliant. The EMI license allows service coverage throughout all EU and EEA states.
Together with their Munich-based 100% subsidiary, J.P. Morgan Mobility Payments Systems GmbH, formerly known as Volkswagen Payment Systems GmbH, the company currently offers payment solutions for all digital sales channels, including an e-Wallet solution, for the mobility services of the VW Group. In addition, the VW Group entities can choose various payment-related services such as, Merchant Panel features, Risk Management for Sanction List Checks, Address Validation, and VAT ID Checks and more.
The joint venture combines knowledge and competences to better support and further enhance the digital payment journeys of their valued customers by leveraging the automotive expertise of J.P. Morgan Mobility Payments Solutions S.A. with the global reach of one of the world’s biggest banking platforms.
The company continues serving the VW Group and remains strongly committed to invest with Volkswagen Financial Services and J.P. Morgan into the enhancement of its products and services, the payment platform, and ramping-up the teams in Luxembourg and Munich.
J.P. Morgan Mobility Payments Solutions S.A., with its subsidiary, will continue offering tailored solutions to accelerate business-growth and to maximise customer-satisfaction through state-of-the-art payment experiences, and white label service offerings. The company remains strongly committed to keep facilitating payments across the Volkswagen network, in Europe, and with the support of J.P. Morgan, for all Volkswagen Group Brands globally.
If you want to know more, please contact us at: sales-vwpayments@vwfs.com
Management Board of J.P. Morgan Mobility Payments Solutions S.A.:
Alain Ballu (CEO)
Anne Grünkorn (CCO)
Guillaume Gayot (CFO/COO)
Address:
J.P. Morgan Mobility Payments Solutions S.A.
161, Rue du Kiem
L-8030 Strassen, Luxembourg
Management Board of J.P. Morgan Mobility Payments Systems GmbH:
Rajasekharan Kuppuswamy (CEO)
Jörg Seibert (CFO/COO)
Address:
J.P. Morgan Mobility Payments Systems GmbH
Leopoldstraße 244
80807 München, Germany