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BillAvenue onboards IndianOil for 'Book and Pay' facility for LPG cylinder through BBPS

April 20, 2020

IOCL - Inden Aiming to overcome the current challenges faced regarding booking of LPG Gas cylinders by millions of consumers, Indian Oil Corporation Limited, one of the largest commercial oil companies in the country has collaborated with Infibeam Avenues' BillAvenue platform to offer its 'Book and Pay' facility. BillAvenue is an operating unit of Bharat BillPay system, India's largest interoperable bill payment network.

IndianOil's Gas booking services on the BBPS is a new integration under the LPG Gas category and will enable its consumers to make convenient booking and payment of LPG gas cylinders. This partnership will lead to digital empowerment of crores of IndianOil's consumers especially when online customer interactions and e-transactions are the need of the hour.

BillAvenue is an operating unit of Bharat BillPay system which has been developed by National Payments Corporation of India (NPCI). BillAvenue currently has a network of 200+ agent institutions comprising 550,000+ agents spread in more than 2,600 cities and towns across India. BillAvenue serves more than 30 live billers on its platform including Dish TV, Videocon D2H, BPCL, HPCL, Ahmedabad Municipal Corporation and Municipal Corporation of Gurugram. Infibeam Avenues Limited (IAL), BillAvenue's parent entity, offers digital payment solutions and enterprise software platforms to businesses and governments across industry verticals.

As the commercial enterprise with the largest customer interface in India, IndianOil reaches precious petroleum fuels to every nook and corner of the country through its network of over 50,000 customer touch-points, surmounting the challenges of tough terrain, climate and accessibility. This includes reaching Indane LPG cooking gas right up to the doorsteps of 14.8 crore households through a network of about 12,000 distributors. The corporation is promoting LPG aggressively as a clean cooking fuel across socio-economic divides.

Speaking on the occasion, Mr. Sunil Mathur, Executive Director (LPG), IndianOil said: "We are proud to collaborate with Infibeam Avenues to offer our book and pay facility through the BBPS. This partnership will enhance the customer experience of our huge consumer base of nearly 15 crore households as it facilitates fast and frictionless booking and payment of our LPG cylinders via multiple channels."

Mr. Vishwas Patel, Executive Director at Infibeam Avenues and founder of BillAvenue commented, "We at Infibeam Avenues welcome IndianOil into the BBPS network. This initiative will be extremely beneficial to the country in the current scenario as crores of IndianOil's consumers will be able to make easy booking and payment of LPG gas cylinders from the safety of their homes. A large number of agent institutions, agents and billers avail our BillAvenue platform, enrich it by their presence and facilitate its growth into an interface that provides robust support to the Bharat BillPay system."

About Infibeam Avenues
Infibeam Avenues Limited Infibeam Avenues Limited (IAL) is one of the leading global digital payments companies which offer digital payments solutions under the brand name CCAvenue 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. 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.

About IndianOil Corporation Limited
IndianOil Corporation Limited With a 33,000-plus work-force, extensive refining, distribution & marketing infrastructure and advanced R&D facilities, IndianOil has been providing energy access to millions of people across the length and breadth of the country through its ever-expanding network of customer touch points, currently numbering over 50,000. With a turnover of Rs. 6,05,924 crore and a net profit of Rs. 16,894 crore for the fiscal 2018-19, IndianOil is one the largest and most trusted corporates in the country, touching the lives of over a billion Indians. For more information, please visit https://www.iocl.com/