Sunday, August 5, 2018

Forget cash or card, soon your thumb would be enough to pay at petrol pumps


Soon, you won't have to carry any cash, card or mobile phone to pay for fuel at petrol pumps. Your thumb would be enough for payment at the petrol pump. According to a Dainik Jagran report, Indian Oil Corporation (IOCLNSE -0.09 %) has tied up with Oxigen Micro Agency and IDFC bank to roll out the facility at its fuel stations. 


Under Digital India programme, IOCL has already installed two Micro ATM machines in Bhopal and plans to expand the facility to other places across the country in the next couple of months. 



How the payment is done: 
Oxigen Micro ATM machine is a point of sale machine that allows the owner to accept the payments from several modes other than cash. The machine allows payment made through credit card, debit card, UPI, BHIM Aadhaar pay Bharat QR code and UPI. 



Besides, IOCL is also planning to import self-service petrol pump machine ins India. Soon, Bhopal will have the self-service fuel pump which the motorist can use to fill the vehicle tank after making payment through card. 


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