PhonePe Partners with IOCL for Deployment of PoS Terminals

Digital payments entity PhonePe has partnered with Indian Oil Corporation Limited (IOCL) for the adoption of its indigenously-designed Point of Sale (POS) device at IOCL retail outlets.

As part of this partnership, customers can pay using UPI, credit and debit cards, PhonePe wallet and other external wallets like Jio Money & Freecharge for their fuel purchases, through the PoS device at 30 IOCL retail outlets in Bengaluru.

Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • Sanjiv Singh is the present Chairman of IOCL.
Source- The Economic Times