AdvertisementThe partnership between Interswitch, an integrated payment and transaction switching firm, and EVSL, developers of FuelVoucher, in 2015, has been expanded to include OVH Energy Marketing and other oil marketing firms.
The distribution network of the electronic fuel purchasing solution was broadened further with the partnership of three oil marketing firms – OVH Energy Marketing, Forte Oil and RainOil.
The pacts were signed at an event in Lagos, which involved key executives of Interswitch, EVSL, OVH and Forte Oil.
At the ceremony, OVH Acting Chief Executive Officer Mrs. Olaposi Williams said: “As a customer-focused organisation, we are excited about this initiative as we are constantly seeking new opportunities to provide innovative solutions that offer convenience, flexibility and security for our consumers. With the fuel voucher, our consumers can make purchases with ease at key Oando filling stations nationwide.”
Interswitch’s Divisional Chief Executive Officer for Industry Vertical Markets, Chinyere Don-Okhuofu, explained the rationale driving Interswitch’s partnership with Fuelvoucher, and the tremendous potential for accelerating distribution of the service offered by the alignment with leading downstream marketing organisations in Nigeria.
According to her, as a business focused on providing products and services that are highly tailored to the African market, ‘’Interswitch has partnered with EVSL to launch this initiative in line with our desire to develop innovative payment products and services, facilitate transactions and strengthen the Central Bank of Nigeria (CBN) cashless initiative’’.
Following this alliance, FuelVoucher’s online and mobile fuel purchasing systems have been integrated with PoS terminals deployed by Interswitch to service stations across the country, she added.
“This initiative will allow consumers to make payments for petroleum products on all Interswitch payment channels including Quickteller, ATMs and Mobile, and vouchers can be redeemed at every petrol station with the Interswitch PoS. As a result, anybody can easily buy fuel, gas or kerosene on-the-go via the FuelVoucher mobile app at any time of the day and FuelVouchers can be remotely sent to friends, family, domestic staff or drivers with ease,” Don-Okhuofu added.
Essentially, the solution will also enable petrol stations around the country run overnight by mopping up cash and accept Fuel Vouchers thereby eliminating cash handling costs and risks. Because everything is automated and electronic, establishments no longer need to print paper vouchers with associated costs and reconciliation headaches.
Corporate customers can also broaden their loyalty point’s redemption options to include fuel vouchers, and they can also easily manage and control fuel purchase with analytical insights to help in fleet management.
This partnership further buttresses the industry leading position of Interswitch on the attainment of a cashless Nigeria through the innovative use of technology. The fuelvoucher solution is currently available across OVH and Forte Oil stations in Lagos, with aggressive plans for national coverage before the end of the year.