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AGS TRANSACT TECHNOLOGIES INKS A STRATEGIC PARTNERSHIP WITH HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL) FOR INDIA’S FIRST CONTACTLESS FUEL PAYMENT SOLUTION


HP-FASTLANE is a revolutionary technology that brings ease of operations, accounting and transparency in fuel dispensing by dealers of oil companies to fleet owners and individuals


Key Features: 
•   Provides automatic vehicle identification (AVI) using RFID technology to deliver paperless, cashless and cardless payment solutions  through Fastlane mobile wallet
•   Completely wireless technology brings scalability & cost savings
   100% assurance of Quality (desired grade of fuel) and Quantity with vehicle identification that ensures fueling into designated vehicles

FastlaneIndia’s first contactless fuel payment solution and an initiative of AGS Transact Technologies Limited (AGSTTL), a pioneer in retail fuel payments & automation today announced a strategic partnership with Hindustan Petroleum Corporation Limited (HPCL). A new age solution, HP-Fastlane provides automatic vehicle identification (AVI) using RFID technology to deliver cashless payment solutions and bring efficacy in fuel management.  The company aims to issue 1 lakh Fastlane fuel tags across Mumbai. Currently, there are 18 live HP-Fastlane pumps across Mumbai, Vashi and Thane which will be opened for end-consumers by 1st July this year. Subsequently, the company will install Fastlane solution across 200 HPCL outlets pan India, in a phased manner.

HP-Fastlane fuel solution can be accessed over web or through a HP-Fastlane mobile app, available on android & iOS platforms. It enables customer to enroll 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 will ensure just the right amount of fuel is dispensed, thus avoiding fuel proliferation. This technology caters to fleet owners and individuals.

HP-Fastlane components are intrinsically safe and certified by PESO (Petroleum Explosives & Safety Orgnisation) to be installed in hazardous area.  HP-Fastlane not only allows fueling of designated fleet vehicles & prevents fuel pilferage, but also brings convenience to user and transparency in transactions thereby optimizing business operations. The application also sends notifications for timely fuel refill while simplifying the payment process through cashless and card less transactions.


·    Customer downloads the HP-Fastlane app from Play store (Google or Apple) and enters the relevant details to enroll. He/she can also request the AGSTTL sales representative to complete the enrollment formalities in person at any participating HPCL Fuel Station.
·    The customer can load money in to the HP-Fastlane wallet through credit card/ debit card/ net banking and preset the amount of fuel he/she intend to buy.
·    As the vehicle enters the station, vehicle and payment information is verified by nozzle reader.  This is done through, Smart RFID Tag – a “contactless microprocessor-based smart ring/tag” installed in the vehicle fuel tank inlet.
·   If the system is satisfied that this is an authorized vehicle, the pump receives reset   authorization from cloud and fueling will commence.
·   After fueling the driver can simply drive away without having to make payments through hard cash.

HP-Fastlane app is available for download on Google Playstore  andApple App Store.  HP-Fastlane Tags are available across 18 Fastlane enabled HPCL outlets. Interested customers can also call at toll free no.: 1800 266 3278 or visit www.fast-lane.co.in for further details.




Mumbai, June 18, 2018

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