On the occasion, Umesh
Revankar, MD & CEO, STFC commented, “STFC envision in filling the gap in
providing end to end finance solutions to its customers. Hence, this pact with
HPCL is hopeful to serve the Small road transport owner (SRTO’s) and First time
owner (FTU’s), which forms more than 70% of our customer base, with low cost
working capital.”
He further added, “STFC in
turn also hopes to contribute to the national goal of a cashless economy and
Digital India mission by linking this credit facility with a mobile number integrated web enabled OTP based platform
installed across HPCL retail outlets.”
The credit based fuel services
will provide:
• Fuel credit limit to
customers as per the capacity of the customers.
• OTP based platform for
availing the benefits.
• Credit period of 15 to 30
days.
• Card/Cash less fleet fuel
management system.
G S V Prasad, Executive
Director- Retail, HPCL mentioned that the tie up will provide fuel to the
customers with complete cashless convenience on pan India basis, along with
loyalty rewards and insurance. The card less solution will enable the driver to
carryout transactions at all Retail Outlets of HPCL without having to carry
cash, which will help in supporting the `Digital India‘ drive.