Infibeam Avenues Limited (Infibeam) (NSE/BSE), a leading provider of digital payments solution and enterprise software platforms, has today announced that it has on-boarded Bharat Petroleum Corporation Ltd. (BPCL), one of the premier integrated energy companies, for LPG gas cylinder 'PAY AND BOOK' facility across India.
BillAvenue is an operating unit of Bharat BillPay, a unified, interoperable online bill payments platform developed by National Payments Corporation of India (NPCI). BillAvenue has a large network of 200+ agent institutions consisting of 550,000+ agents spread in more than 2600 cities and towns across India. BillAvenue serves more than 30 live billers on its platform including Dish TV, Videocon D2H, Ahmedabad Municipal Corporation, Municipal Corporation of Gurugram and other gas companies namely HPCL, GAIL Gas, Vadodara Gas, Sabarmati Gas and Unique Central Piped Gases among others.
BPCL is among the biggest oil and natural gas companies in India, having a market share amongst public sector oil companies of 23.8%. As per its 2018-19 report, the LPG network of BPCL has 5,907 distributors. Newly added distributors contributed by adding 1.2 crore new LPG consumers, taking the total domestic customer base to 7.83 crores.
"We are happy to introduce Bharat LPG Gas booking on BBPS for the first time in third party aggregation", said Mr. A.R. Ramesh, Chief, BBPS. "LPG Gas booking is an underserved market as far as digital payments are concerned. Bharat BillPay will give a strong digital push for booking LPG gas at one's own convenience by any Bharat BillPay enabled bank or non-bank channels."
Mr. Vishwas Patel, Executive Director at Infibeam Avenues commented, "We at Infibeam Avenues welcome Bharat Petroleum Corporation Limited on-board our BillAvenue platform. The inclusion of BPCL in the rapidly growing biller network of Bharat BillPay will enable its consumers to make seamless bookings and payments for LPG cylinders through multiple online channels and offline customer touchpoints. As a Bharat BillPay operating unit (BBPOU), BillAvenue applies state-of-the-art technological solutions to offer maximum customer convenience and helps generate substantial revenue for its Agent Institutions."
Speaking on the occasion, Mr. T. Peethambaran, ED (LPG), BPCL, stated: "At BPCL, we are constantly looking forward to provide our consumers with a smooth and convenient experience while booking their LPG gas cylinders. This venture will ensure hassle-free booking and payment of gas services for millions of BPCL consumers. We are proud to announce our association with BillAvenue, and we seek to leverage the BBPS platform for the benefit of our vast consumer base."
About Infibeam Avenues
Infibeam Avenues Limited (IAL) offers digital payment solutions and enterprise software platforms to businesses and governments across industry verticals. The company's payments solution provides nearly 250 payment options to the merchants allowing them to accept payments through website and mobile devices in 27 international currencies. The company processed payments over US$ 7 billion in FY19 for its 800,000+ clients. Infibeam Avenues' enterprise software platform hosts India's largest online marketplace for government procurement (Government e-Marketplace, GeM). The company's vast clientele includes merchants, enterprises, corporations and governments in both domestic (India) as well as international markets. Infibeam Avenues' international market includes operations in Middle East comprising the UAE and the recently launched, Saudi Arabia.
Bharat Petroleum Corporation Limited (BPCL) came into existence in January, 1976 when Burmah-Shell was taken over by the Government of India. A Fortune Global 500 Company, BPCL is one of the premier integrated energy companies in India, engaged in refining of crude oil and marketing of petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry. BPCL has attained the coveted Maharatna status, joining the elite club of companies enjoying enhanced financial autonomy and other decision making authorities. BPCL operates two refineries located in Kochi and Mumbai. During the year 2018-19, BPCL's gross revenue from operations stood at Rs. 3,37,623 crores, net profit at Rs. 7,132 crores, market sales were 43.07 MMT and market share amongst public sector oil companies was 23.8%.