Arval to join leasing company pioneers with mobility cards
Arval, the leasing branch of the BNP Parisbas Fortis bank, launches its mobility card to offer employees a sustainable alternative for – or at least in combination with – a leased company car, after the example of pioneers like Q8, Athlon and Alphabet.
Most companies are still waiting to see which way the wind blows, as Belgian government is still working on the fiscal details of the mobility budget. “We notice an increasing interest in at least combining a classic lease car with other mobility means”, says Anne-Sophie Dessense, Arval’s Belgian marketing manager.
“With our new digital platform we hope to anticipate on this movement. In an easy way companies can plan, administer and pay for the most divers means of transportation. The employee can see what means are offered and what his budget allows him/her to use.”
XXImo Mobility Card
Arval, managing the company car fleet of some 3.300 companies, is working together with Visa and Dutch XXImo, a company that is experimenting for some years now with different mobility solutions.
In April 2017 oil company Q8 pioneered the system in Belgium by converting its tank card into a mobility card. Athlon Car Lease was the first to offer the card in the Netherlands and Belgium. Others like Leaseplan and Alphabet Auto Leasing followed.
Limited credit card
XXImo offers an all-in-one card that functions like a (limited) credit card and can be used to pay for all kinds of mobility expenses. Like buying petrol or diesel, using a charging station with an electric car, paying for parking garages at airports, stations and at parking meters in the streets.
But it can also be used to pay for taxi, train, Brussels’ public transport or seasonal tickets for De Lijn. Car sharing (DriveNow) or shared bikes (Blue-Bike, Villo and Velo), for instance, are some of the sheer unlimited options.
Start-ups entering the market
Next to the classic leasing companies new start-ups are working on the same prospects. Like Modalizy, which got an award for being the Best Start-up at the latest Brussels Motor Show. “We focus on real alternatives for the company car”, Iris Rassios, Community Manager at Modalizy, says.
This card also enables paying for train, bus, shared car or bike and combining them all. “Unfortunately we notice big companies are not prepared yet to effectively make the move”, Rassios says. “They are asking the government more transparency about the fiscal consequences.”
Waiting for the details
This is confirmed by several big players. The mobility budget was approved in March by the Belgian government as a principle, but several cabinets are working on the law texts now. As long as the details aren’t filled in, companies won’t take big steps forward.
“It’s true that the so-called sustainable transport modes will be fully fiscal deductible for the employer and tax-free for the employee”, says Frank Van Gool, director of the rental car federation Renta.
“But today we don’t have a clear view on the practical consequences of these measures. Like what’s the value of the company car that you’re trading in and that will determine the amount of the mobility budget? What about an employee taking his family to the seaside in the weekend? Can he pay with the mobility budget for their train tickets too?”