Airtel Payments Bank, HPCL tieup for digital payments

Airtel Payments Bank, on Tuesday, said it has partnership with Hindustan Petroleum Corporation Limited (HPCL), to give further boost to digital payments in the country and to add to customer convenience.

All 14,000 HPCL fuel stations will act as banking points for Airtel Payments Bank, the company said.

All Airtel Payments Bank customers would be able to access a range of convenient banking services at these 14,000 fuel stations like opening new accounts, make cash deposits and withdrawals facility, and transfer money.

This will add to the depth and reach of Airtel Payments Bank’s retail based network that leverages over 300,000 Airtel retail outlets as banking points.

Airtel Payments Bank customers will also be able to make secure and convenient digital payments for fuel purchases across 14,000 HPCL fuel stations by using their mobile phones, it said.

“We are delighted to partner HPCL as part of our endeavor to build a robust and diverse merchant ecosystem that brings more digital payments avenues to our customers. We are, in particular, pleased to have these fuel outlets as our banking points," Shashi Arora, Managing Director and Chief Executive Officer, Airtel Payments Bank, said.

He said that this partnership will add to the growth of digital payments in the country and contribute to the government’s Digital India vision, he added.

These cashless payments can be made via smartphones (MyAirtel App) as well as feature phones (USSD), the company said.

The customer is not charged any transaction fee for these digital payments. This partnership will further expand Airtel’s nationwide digital payments ecosystem that has over three million merchant partners/outlet across India.

"Customer visiting our outlets will now be able to pay seamlessly for fuel purchases and will also be able to enjoy the added convenience of banking with Airtel Payments Bank," G S V Prasad, Executive Director – Retail at HPCL, said.