NEW DELHI : In the wake of coronavirus pandemic, state-run Indian Oil Corporation Ltd and ICICI Bank are offering cashless and contactless refueling through FASTag at the country’s largest oil marketing company’s outlets. “ICICI Bank FASTag users can now enjoy a fully digitized experience at IndianOil’s fuel stations which will reduce wait time for customers," the firms said in a joint statement on Sunday. With around 34.8 million users, FASTag penetration across the country is at around 96%. This integration allows for payment of petrol, diesel, and SERVO Lubricants through ICICI Bank FASTag. Under the first phase of this initiative, 3,000 IndianOil retail outlets will be covered across India," the statement said.

Source: Mint July 18, 2021 09:33 UTC