Airtel Payments Bank, India’s first payments bank has announced a strategic partnership with Hindustan Petroleum Corporation Limited (HPCL) retail outlets to boost digital payments and to add to customer convenience.
All 14,000 HPCL fuel stations will act as banking points for Airtel Payments Bank and customers would be able to access a range of convenient banking services at these stations like open new accounts, make cash deposits and withdrawals facility, and transfer money.
This will add to the depth and reach of Airtel Payments Bank’s retail based network that leverages over 300,000 Airtel retail outlets as banking points.
Airtel Payments Bank customers will also be able to make secure and convenient digital payments for fuel purchases across 14,000 HPCL fuel stations by using their mobile phones. These cashless payments can be made via smartphones (MyAirtel App) as well as feature phones (USSD).
The customer is not charged any transaction fee for these digital payments.
Shashi Arora, MD & CEO, Airtel Payments Bank said, “We are delighted to partner HPCL as part of our endeavor to build a robust and diverse merchant ecosystem that brings more digital payments avenues to our customers. We are, in particular, pleased to have these fuel outlets as our banking points. We are confident that this partnership will add to the growth of digital payments in the country and contribute to the Government’s Digital India vision.”
G. S. V. Prasad, Executive Director – Retail, HPCL said, “Customer visiting our outlets will now be able to pay seamlessly for fuel purchases and will also be able to enjoy the added convenience of banking with Airtel Payments Bank. We are confident our customers will benefit significantly with this unique association.”