HP-Fastlane RFID-based Cashless Payment To Be Rolled Out In Mumbai on July 1

State-owned oil and natural gas company, Hindustan Petroleum, has announced a new cashless fuel payment option called HP-Fastale. Set to be rolled out at 18 outlets in Mumbai, Vashi and Thane on July 1, the latest method of payment has been developed in association with AGS Transact Technology. It utilises radio frequency identification similar to FASTag adopted by the National Highway Authority of India.

Users can register for it by web or a mobile app, after which they will receive an RFID ring inside the fuel lid of their vehicle. At the pump, the RFID tag will ensure the right amount of fuel is dispensed and also help prevent fuel pilferage. User will be required to top up their e-wallets ahead of the transaction, similar to other services like UPI or PayTM. The service will be expanded to 200 locations across the country by the end of the year.

Press Release

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

Key Features:

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

• Completely wireless technology brings scalability & cost savings

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

Mumbai, June 18, 2018: Fastlane, India’s first contactless fuel payment solution and an initiative of AGS Transact Technologies Limited (AGSTTL), a pioneer in retail fuel payments & automation today announced a strategic partnership with Hindustan Petroleum Corporation Limited (HPCL). A new age solution, 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. Currently, there are 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.

Satish Zope, President, Petroleum Payment Business, AGS Transact Technologies Limited said, “As an established leader in the fuel retail transaction ecosystem, we have constantly strived to pioneer best-in- class and highly customised 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.”

HP-Fastlane fuel solution can be accessed over web or through a HP-Fastlane mobile app, available on android & iOS platforms. It enables customer to enroll their vehicle details and load money in the prepaid HP-Fastlane wallet as and when required. When the registered vehicle reaches an HP-Fastlane enabled petrol pump, the RFID ring fitted in the vehicle’s fuel tank will ensure just the right amount of fuel is dispensed, thus avoiding fuel proliferation. This technology caters to fleet owners and individuals.

Emphasizing the importance of this significant partnership, Mr. D.N. Krishnamurthy Chief General Manager West Zone HPCL stated, “As India’s leading oil and gas company it has been HPCL’s constant endeavour to embrace cutting-edge technological solutions to improve the customer’s experience while availing our products and services. The usage of HP-Fastlane, India’s first contactless fuel payment solution and an initiative of AGSTTL at our petrol pumps will increase efficiency and also enhance transparency by reducing service time and improving ease of payment process by the customers.”

HP-Fastlane components are intrinsically safe and certified by PESO (Petroleum Explosives & Safety Orgnisation) to be installed in hazardous area.  HP-Fastlane not only allows fueling of designated fleet vehicles & prevents fuel pilferage, but also brings convenience to user and transparency in transactions thereby optimizing business operations. The application also sends notifications for timely fuel refill while simplifying the payment process through cashless and card less transactions.

How does it work?

• Customer downloads the HP-Fastlane app from Play store (Google or Apple) and enters 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.

• The customer can load money in to the HP-Fastlane wallet through credit card/ debit card/ net banking and preset the amount of fuel he/she intend to buy.

• 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.

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

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

HP-Fastlane app is available for download on Google Play store and Apple App Store. HP-Fastlane Tags are available across 18 Fastlane enabled HPCL outlets. Interested customers can also call at toll free no.: 1800 266 3278 or visit www.fast-lane.co.in for further details.