An oil marketing company's retail outlets now equipped with FASTag for payment

An oil marketing company's retail outlets now equipped with FASTag for payment

FPJ Web DeskUpdated: Monday, June 07, 2021, 11:57 PM IST
article-image
An oil marketing company's retail outlets now with FASTag for payment |

State-run HPCL has enabled direct payment of fuel, LPG and lubes through ICICI Bank FASTag at their retail outlets. This facility is available for all customers via HP Pay App.

The company stated that it is the first and 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 approximatley Rs 2,500 crore per month.

ICICI Bank with 37 per cent spends in market share in FASTag, will add lot of volumes from the customers for Fuel, LPG and Lubes payment through HP Pay App. Integration of HPCL’s Drive Track Plus loyalty programme with ICICI Bank FASTag is also in progress.

RECENT STORIES

Waaree Renewable's Q1 Net Profit Rises 207% YoY To ₹86 Crore Despite Sequential Dip; Revenue Jumps...

Waaree Renewable's Q1 Net Profit Rises 207% YoY To ₹86 Crore Despite Sequential Dip; Revenue Jumps...

Gold Slips ₹200 To ₹98,670/10g, Silver Tumbles ₹500 To ₹1,10,500/Kg

Gold Slips ₹200 To ₹98,670/10g, Silver Tumbles ₹500 To ₹1,10,500/Kg

Axis Bank Q1 FY26 Net Profit Falls 4% To ₹5,806 Crore Amid Rise In Bad Loans

Axis Bank Q1 FY26 Net Profit Falls 4% To ₹5,806 Crore Amid Rise In Bad Loans

Sensex-Nifty Decline On IT Selloff & Foreign Fund Outflows, Weak Earnings Add Pressure

Sensex-Nifty Decline On IT Selloff & Foreign Fund Outflows, Weak Earnings Add Pressure

South Indian Bank Reports 10% Rise In Q1 Net Profit To ₹322 Crore, Sees Strong Asset Quality Gains

South Indian Bank Reports 10% Rise In Q1 Net Profit To ₹322 Crore, Sees Strong Asset Quality Gains