MoneyWorks4Me

HPCL ties-up with Oxigen to enable mobile wallet as a payment option

16 Jun 2016 Evaluate

Hindustan Petroleum Corporation (HPCL), one of the leading petroleum products retailers in the country, has entered into a tie-up with Mobile wallet Oxigen in order to make payments at HPCL outlets through the wallet. Presently few of HPCL’s outlets spanned across India, including New Delhi, Noida and Greater Noida, Gurgaon, Mumbai, Kolkata, Bangalore and Chennai are capable of accepting payments directly from the Oxigen Wallet mobile app.

The users intending to pay using the app would have to share their mobile number with the HPCL petrol pump assistant. The assistant would then feed the number in the POS machine, triggering an OTP on the registered number for the confirmation of the transaction. User would then have to share the OTP with the assistant again and upon feeding the same in the POS machine, the amount payable for the fuel will get deducted directly from Oxigen Wallet.

HPCL operates two major refineries producing a wide variety of petroleum fuels and specialties, one in Mumbai (west coast) of 6.5 million metric tonnes per annum (MMTPA) capacity and the other in Vishakapatnam (east coast).



Peers
Company Name CMP
Reliance Industries 1206.50
Indian Oil Corpn. 133.75
Bharat PetroleumCorp 305.00
HPCL 345.35
MRPL 169.85
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