Cashless payment
Source: The Sangai Express
Imphal, January 12 2017:
With the right infrastructure and technology, Indian Oil has ensured that customers visiting its facilities reduce the use of cash, said a press release issued by Indian Oil marketing head office (Corporate communication), Mumbai.
More than 60 percentage of Indian Oil's 25000 petrol stations have been offering digital payment gateways to customers and Indian Oil has ensured digital payments for LPG cylinders also in more than 50 cities through more than 5700 e-wallets and 689 POS/ mPOS.
Indian Oil has also partnered with leading banks such as SBI, AXIS, ICICI and IDFC to enable cashless payment and faster movement of Tank Trucks at the toll plaza.
The trucks fitted with a Radio Frequency Indicator (RFID) linked to the bank server 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 submit a daily transaction statement to Indian Oil after settling the amount with National Highway Authority of India.
Indian Oil in turn reimburses the same to the banks.
About 18000 tank trucks out of 24000 are fitted with RFID.
The massive infusion of digital payment gateways at its facilities is growing on a day-on-day basis and as of now, 25 percent of business volume is through cashless payment gateways, said Indian Oil.
Digi-payments are expected to add a new dimension to our massive operations with cashless efficiency and convenience of our customers, Director Marketing of Indian Oil BS Canth said.