NEW DELHI — Energy major Indian Oil Corporation Limited (IOCL) has introduced a pioneering digital retail payment ecosystem in collaboration with the National Payments Corporation of India (NPCI) and sound-based fintech firm ToneTag.
Designed specifically for Tata Motors connected vehicles, the technology enables motorists to settle fuel bills directly from their car’s dashboard at participating IndianOil outlets nationwide.
Key Operational Highlights
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Automated Transactions: The solution digitizes the fueling experience, allowing drivers to approve fuel transactions via their in-dash display without relying on handheld PoS machines, mobile apps, or physical currency.
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Consortium Architecture: ToneTag’s proximity communication technology acts as the interface layer, integrated into NPCI’s digital infrastructure and IndianOil’s point-of-sale network.
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Retail Tech Innovation: The pilot sets a benchmark for connected car commerce in the domestic auto sector, blending automotive IoT with national payment rails to reduce station dwell times and optimize retail logistics.
