Sunday, June 26, 2022

HPCL introduces fuel charges payments with ICICI Bank FASTag

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New Delhi: In a revolutionising move for easy digital payments, Hindustan Petroleum Corporation Limited (HPCL) has enabled direct payment of fuel, LPG and lubes thru ICICI Bank FASTag at their retail outlets. This facility is available for all customers thru HP Pay App. HPCL is the first & only Oil Marketing Company to integrate payment systems with FASTag.

Earlier, to make digital payments easy, HPCL had enabled fleet customers payment through HPCL DriveTrack Plus terminal, with IDFC Bank FASTag.

FASTag for toll collection for all vehicles is now mandatory and now accounts for approx. Rs. 2500 crore per month. ICICI Bank with 37 percent spends in market share in FASTag, will add a lot of volumes from the customers for Fuel, LPG and Lubes payment thru HP Pay App. Integration of HPCL’s DriveTrack Plus loyalty program with ICICI Bank FASTag is also in progress.

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Such initiatives not only bolster the government of India’s Digital India campaign but also enhance the customer experience for easy payments at HPCL retail outlets.

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