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Cashless facility expands across IndianOil Network

Cashless facility expands across IndianOil Network

With the right use of infrastructure and technology, IndianOil is ensuring that customers visiting its facilities can effortlessly reduce the use of cash. As on date, more than 60% of IndianOil’s 25,000 petrol stations are offering digital payment gateways to customers. Similarly IndianOil has ensured digital payment for LPG cylinders in more than 50 cities through more than 5,700 e-wallets and 689 POS/mPOS.  IndianOil has also partnered with leading banks such as SBI, AXIS, ICICI, and IDFC to enable the cashless and faster movement of Tank Trucks at the toll plaza. The trucks are fitted with a Radio Frequency Indicator (RFID) linked to the banks server that allows the trucks to pass through without paying toll charges in cash. The bank takes record of transactions at toll plaza of the trucks fixed with RFID Tags and settle amount to NHAI and submit a daily transaction statement to IndianOil. IndianOil in turn reimburses the same to the banks. As on date about 18,000 tank trucks out of its fleet of 24,000 TTs are fitted with RFID. Corporation has introduced cashless movement of Tank Trucks across India within a very short time.Indian Oil’s Director Marketing, Mr. BS Canth said, ‘The massive infusion of digital payment gateways at its facilities is growing on a day-on-day basis and as on date 25% of our business volume is through cashless payment gateways. Digi-payments are expected to add a new dimension to our massive operations with cashless efficiency and convenience for our customers’.

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