IDFC First Bank, HPCL Collaborate For Fuel Payment Via FASTags

IDFC First Financial institution has collaborated with HPCL for facilitating cost of gas at their retailers by way of the financial institution’s FASTags. Additionally, as a part of the collaboration, at a number of the choose HPCL retailers, these plying by way of passenger automobiles can purchase, recharge in addition to change FASTags provided by IDFC First Financial institution.

In a press release the financial institution mentioned, the partnership will make it handy to purchase and use tags for round 5 million motorists. IDFC First Financial institution COO provides “”As a digital-first financial institution, our effort is to make all transit-related funds easier. IDFC First Financial institution has issued shut to 5 million FASTags and these tags are used actively by motorists throughout toll plazas with transactions averaging two million a day”.

HPCL acknowledged motorists can have the convenience of a single type issue and single stability for funds associated to highway journey within the type of FASTag.

Till now FASTags had been getting used just for paying for toll costs. The financial institution final 12 months grew to become the primary financial institution to introduce gas funds by way of FASTag for business car customers at HPCL retailers and now comparable service is being prolonged to private car customers.

“We had been the primary to introduce FASTag primarily based fueling at HPCL shops within the final monetary 12 months, by means of acceptance of IDFC First Financial institution FASTags by way of our fleet loyalty program”DriveTrack Plus”. We at the moment are introducing cost by way of IDFC BANK FASTag on “HP Pay” cellular app. We’re additionally beginning a FASTag advertising association with IDFC FIRST Financial institution at choose shops, which can also be the primary of its type,” Sai Kumar Suri, ED-Retail of HPCL mentioned, in a press release.

GoodReturns.in