Vijaya Bank has entered into a Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation Ltd (HPCL) for enabling all HPCL retail outlets with BHIM/UPI merchant solutions.

Following the success of the pilot launch at five outlets, the solution is being scaled to enable UPI acceptance in all HPCL outlets throughout Karnataka over the next few weeks.

This rollout will empower all petrol pump attendants and LPG delivery personnel to accept digital payments. Customers can make payments by scanning a payment QR code, using BHIM Vijaya or any BHIM app that supports payments via UPI.

Vijaya Bank MD and CEO R A Sankaranarayanan exchanged the MoU document with HPCL Executive Director (Retail) G S.V Prasad at Bengaluru in the presence of Vijaya Bank Executive Directors B S Rama Rao and Nageswara Rao Y and HPCL Executive Director (IS) S T Sathiavageeswaran and HPCL General Manager D N Krishnamurthy.

Both Vijaya Bank and HPCL have inked the pact in line with the GOI initiative to encourage digital payments, especially BHIM/UPI.

“Vijaya Bank has always been in the forefront of new digital initiatives initiated by the Centre. This is in line with the Government’s digital initiative and the bank’s continued effort to provide a robust digital ecosystem across the country, including rural India,” said Sankaranarayanan.

“We are pleased to participate in the roll-out with HPCL for BHIM/ UPI payments. We are confident that this partnership will add to the growth of digital transactions,” he added.

Related Topics
comment COMMENT NOW