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IDFC FIRST Bank, HPCL in fact to enable fuel payments using FASTag
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IDFC FIRST Bank and Hindustan Petroleum Corporation Ltd. (HPCL) have signed an agreement to facilitate fuel payments by motorists at HPCL’s retail outlets using the bank’s FASTags. Further, IDFC FIRST Bank’s FASTags can now also be bought, recharged and replaced by passenger vehicle users at select HPCL retail outlets.
This partnership makes the purchase and use of tags convenient for five million motorists using IDFC FIRST Bank FASTags at HPCL retail outlets. The agreement was signed in Mumbai at an event attended by the senior management of HPCL and IDFC FIRST Bank.
So far, FASTags have only been used to pay for toll charges. Last year, IDFC FIRST Bank was the first to introduce fuel payments using FASTag balances for commercial vehicles
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