Pine Labs has announced it has won multiple landmark contracts from Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL), and Indian Oil Corporation Limited (IOCL) for nationwide Digital Payments Platform Modernisation. Under these multi-year contracts, Pine Labs will be responsible for deploying, managing, and maintaining the digital payments infrastructure at approximately 130,000 petrol pumps and merchant outlets across India. This initiative aims to enhance the speed, security, and seamlessness of money movements at the point of sale. For IOCL, Pine Labs will also manage their loyalty rewards platform, XTRAPOWER, which is utilized by lakhs of fleet operators. This platform supports fuel management, fleet analytics, trip management, and secure digital payment transactions. Amrish Rau, CEO of Pine Labs, stated that the partnership will enable a tech-first, robust payments infrastructure and a world-class prepaid loyalty rewards ecosystem, accelerating the digitization of fuel retail commerce in India. The company is committed to customer-centricity through seamless, secure, and frictionless digital payments and loyalty rewards experiences.
