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BPCL FIRST TO OFFER DIGITAL PAYMENT TO NON-INTERNET USERS

Context

Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 and 'Maharatna' corporation, has partnered with UltraCash Technologies Pvt. Ltd. to provide BharatGas customers with a voice-based digital payment option for booking LPG cylinders. 

Key Points

  • Customers without a smartphone or internet connection can utilise this feature to reserve cylinders and pay through the 'UPI 123PAY' method. 
  • Because of the collaboration with Ultra Cash, customers can dial the common number 080 4516 3554 from a non-internet phone to reserve a BharatGas cylinder for themselves or friends in simple steps and a secure manner.

Contextual

  • The deployment of this option will benefit around 4 crore BharatGas users in rural India.
  • BPCL is the first company in India to offer UPI 123PAY to consumers after the announcement by the RBI Governor last week. The National Payment Corporation of India has certified UltraCash, a mobile payment software developed by UltraCash Technologies Pvt Ltd. (NPCI).
  • In the month leading up to the launch, more than 13,000 BharatGas clients transacted for more than Rs. 1 crore, meaning Rs. 100 crore in transactions might be expected in the next twelve months.
  • This provision will aid in the penetration of rural areas, as the Indian government encourages the use of LPG through programmes such as the Ujjwala Yojana. 
  • This service is intended for non-feature phone users, though anyone can use it. UPI123PAY payments, on the other hand, will be popular with all segments and consumers due to their ease and security. As a result, BharatGas offers a really BHARAT service."
  • "We're excited to join BPCL on this fantastic journey of bringing the next generation of customers into the digital revolution," UltraCash co-founder Vishal Lal said.
  • Thanks to RBI and NPCI's groundbreaking effort, customers can now pay their bills online.

About Bharat Petroleum

  • Bharat Petroleum, India's second-largest oil marketing firm and one of the country's leading integrated energy companies, specialises in crude oil refining and marketing, with a strong presence in the upstream and downstream oil and gas industries. 
  • The company was given the prestigious Maharatna title, which allows it to join an elite group of businesses with greater operational and financial autonomy. 
  • Bharat Petroleum's refineries in Mumbai and Kochi, as well as Bharat Oman Refineries Ltd. in Bina, Madhya Pradesh.

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