wordpress blog stats
Connect with us

Hi, what are you looking for?

Indian Oil petrol pumps now accept payments through Paytm in Delhi

chillr-ad

Our Digital Payments coverage is brought you by Chillr: India’s 1st multi-Bank instant mobile payment app enabling fund transfers to anyone in your phonebook.

paytm3_vss

Mobile commerce company Paytm has tied up with Indian Oil (IOCL) to let users pay for vehicle fuel at petrol pumps through Paytm wallets in Delhi. The company expects to roll out this service across all of IOCL’s Delhi petrol pumps and select pumps in other metros by the end of this month. It will decide its expansion based on the feedback it gathers and plans a nationwide roll out.

This move, the company hopes, will eliminate the need for cash at petrol pumps in the next few years and bolster the use of digital payments. IOCL, on the other hand, expects a quicker turn around for fuel filling and boost its productivity.

As of now, Paytm claims to have a wallet user base of 120 million and says that 20,000 merchants accept payments via Paytm. In August, it claimed to have crossed 100 million users in the country, while carrying out over 75 million transactions per month.

IOCL’s recent developments:

Advertisement. Scroll to continue reading.

– In December, radio taxi provider Meru Cabs partnered exclusively with IOCL to promote carpooling and create awareness around it across Meru’s operational cities in India.

– In September, online cab aggregator Ola partnered with IOCL to provide its drivers cashbacks of Re 1 for every liter of fuel filled at IOCL stations across India.

Paytm’s recent developments:

– Last month, the company appointed Varun Khullar as head of partnerships for its payments bank.

– It tied up with IRCTC to let IRCTC passengers use Paytm to pay for e-catering services, in addition to the currently existing online payment and cash on delivery modes.

– The company partnered with ICICI Bank to launch virtual prepaid cards which could be used by wallet users at both offline and online stores for purchases.

Advertisement. Scroll to continue reading.

– In November, Jugnoo, a hyperlocal delivery and auto rickshaw hailing app, raised an undisclosed amount in a series B round of funding from Paytm.

– In October, Paytm entered into partnerships with various insurance companies including ICICI Prudential Life, Religare Health, Reliance Life and Reliance General to aid the payment of insurance premiums online through its wallet.

– In September, Zomato integrated with Paytm, to let its users pay with the Paytm wallet for its online food ordering service.

Also read: Vijay Shekhar Sharma’s Reddit AMA: Dominance is Paytm’s short term aim, not profits

Advertisement. Scroll to continue reading.
Written By

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ