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HPCL Introduces HP-Fastlane For Contactless Fuel Payment HP-Fastlane is a technology that brings ease of operations in fuel dispensing by dealers of oil companies to its customers

@SidnChips

AGS TRANSACT Technologies has announced a strategic partnership with Hindustan Petroleum Corporation Limited (HPCL)  for a contactless fuel payment solution.

HP-FASTLANE is a technology that promises to brings ease of operations, accounting and transparency in fuel dispensing by dealers of oil companies to fleet owners and individuals.

Some of the key features of this technology are:

1. Provides automatic vehicle identification (AVI) using RFID technology to deliver paperless, cashless and cardless payment solutions through Fastlane mobile wallet.

2. Completely wireless technology brings scalability & cost savings.

3. 100% assurance of Quality (desired grade of fuel) and Quantity with vehicle identification that ensures fueling into designated vehicles

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The HP-Fastlane provides automatic vehicle identification (AVI) using RFID technology to deliver cashless payment solutions and bring efficacy in fuel management.

The company aims to issue 1 lakh Fastlane fuel tags across Mumbai to start with. The company says that there are currently 18 live HP-Fastlane pumps across Mumbai, Vashi, and Thane which will be opened for end-consumers by 1st July this year.

Subsequently, the company will install Fastlane solution across 200 HPCL outlets pan India, in a phased manner.

How does it work?

1. Customer will have to download the HP-Fastlane app from Play store (Google or Apple) and enter the relevant details to enroll. He/she can also request the AGSTTL sales representative to complete the enrollment formalities in person at any participating HPCL Fuel Station.

2. The customer will then have to add money into the HP-Fastlane wallet through credit card/ debit card/ net banking and preset the amount of fuel he/she intend to buy.

3. As the vehicle enters the station, vehicle and payment information is verified by nozzle reader. This is done through, Smart RFID Tag – a “contactless microprocessor-based smart ring/tag” installed in the vehicle fuel tank inlet.

4. If the system is satisfied that this is an authorized vehicle, the pump receives reset authorization from cloud and fueling will commence.

5. After fueling the driver can simply drive away without having to make payments through hard cash.

As an established leader in the fuel retail transaction ecosystem, we have constantly strived to pioneer best-in-class and highly customized products spanning the value chain. Yet another breakthrough in our portfolio, Fastlane enabled fuel stations will transform the fuel management process providing an enhanced consumer experience. We are delighted to partner with HPCL, a leading state-owned oil company and leverage their expansive network to install our unique technology. We are confident that Fastlane will find resonance amongst oil companies and fleet owners alike, bringing greater efficiencies and transparency.

– Satish Zope, President, Petroleum Payment Business, AGS Transact Technologies Limited

HP-Fastlane Tags are available across 18 Fastlane enabled HPCL outlets for now. Interested customers can also call at toll-free no.: 1800 266 3278 or visit www.fast-lane.co.in for further details.

~ENDS~

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