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Question
Which online payment service provider has partnered with Indian Oil Corporation Limited (IOCL) for deployment of PoS terminals? [Feb 2018]
Which online payment service provider has partnered with Indian Oil Corporation Limited (IOCL) for deployment of PoS terminals? [Feb 2018]
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Solution
The correct option is D PhonePe
PhonePe, the online payment service provider, has partnered with Indian Oil Corporation Limited (IOCL) to deploy its own Point of Sale (POS) payment terminals across all IOCL retail outlets nationally. As part of the pilot program, PhonePe PoS devices have already been installed at 30 IOCL outlets. The device will allow IOCL customers to pay using UPI, credit and debit cards, PhonePe wallet, or other external wallets including JIO money and Freecharge.
PhonePe, the online payment service provider, has partnered with Indian Oil Corporation Limited (IOCL) to deploy its own Point of Sale (POS) payment terminals across all IOCL retail outlets nationally. As part of the pilot program, PhonePe PoS devices have already been installed at 30 IOCL outlets. The device will allow IOCL customers to pay using UPI, credit and debit cards, PhonePe wallet, or other external wallets including JIO money and Freecharge.
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