Fino Payment Bank plans to launch 300 points at Bharat Petroleum Corporation Limited (BPCL) outlets to its existing 1,075 outlets in Tamil Nadu. This facility aims to support the truck drivers to get a fleet card recharged by paying equivalent cash. The SmartFleet initiative is a first of its kind in India which helps the transporters to efficiently manage their funds. Fleet cards are used for vehicle maintenances and expenses at the consultation of the fleet owner or manager.
The banking network of Fino Payment Banks over Tamil Nadu includes around 5000 small business owners like Kirana, mobile repair shops, and dairy outlets, etc.
The State head, Dhanasekaran, remarked that recharging the Bharat Petroleum (BPCL) SmartFleet cards which used to pay for fuel has been a trouble to the truck drivers for some time and to solve this discomfort, Fino with BPCL has launched such facilities. Transporters need not worry about handling cash as immediate recharge of fleet card allows the customers to make hassle-free payments. He also mentioned after inaugurating a facility at Perundurai in Erode district that, the digitized cash in the form of prepaid fleet cards allows the drivers to make payments for fuel at BPCL stores, which also completely frees BPCL from handling the cash given by the drivers. The staff of Fino point encourages general public and truck drivers to carry out banking transactions with the Micro ATM and Aadhaar enabled payment system (AePS) devices.
S Sruti, the company’s Fleet Sales Officer (Coimbatore region), commented that BPCL’s SmartFleet is an exclusive fuel management program launched for well organized, tech-savvy, and cost-conscious fleet owners. The complete centre opened in a club with Fino Payments Bank, enable hassle-free and instant recharge for SmartFleet customers. As of now, more than 4.5 lakh transporters all over Tamil Nadu are using SmartFleet and the company expects a daily recharge of over Rs. 3.5 lakh at Perundurai with an average recharge value of around Rs 2,000.