Hindustan Petroleum Corporation Ltd (HPCL) and AGS Transact Technologies have launched HP-Fastlane, a contactless fuel payment solution that automatically identifies registered vehicles via RFID and uses a prepaid wallet for cashless payments.
The company has set a target of issuing 1,00,000 Fastlane fuel tags across Mumbai. Currently, there are 18 HP-Fastlane pumps across Mumbai, Vashi and Thane, which will be opened for end-consumers by July 1 this year. Subsequently, the company will install its Fastlane solution across 200 HPCL outlets across India, in a phased manner.
The HP-Fastlane fuel solution can be accessed over the Internet or through a HP-Fastlane mobile app, available on Android and iOS platforms. It enables customer to register 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 ensures just the right amount of fuel dispensation, thus avoiding fuel proliferation. After fuelling, the driver can simply drive away without having to make payments through hard cash.
HP-Fastlane components, according to the two companies, are intrinsically safe and certified by Petroleum Explosives and Safety Organisation (PESO) to be installed in hazardous areas.