Interswitch Partners OVH Energy, Forte Oil, Rainoil on Fuel Retailing

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Following the strategic partnership between Africa’s leading integrated payments and transaction switching company, Interswitch, and the developers of Fuel Voucher, EVSL, the distribution network of the electronic fuel purchasing solution has been further broadened with a new partnership with three of the leading downstream oil marketing firms – OVH Energy Marketing, Forte Oil and Rainoil in Lagos.

Speaking in lagos at the event, involving key executives from Interswitch, EVSL, OVH and Forte Oil, the acting Chief Executive Officer of OVH Energy Marketing, Mrs. Olaposi Williams noted that as a customer-focused organisation, her company was excited about this initiative.

According to her, OVH Energy is “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,” she added.

Also speaking on this progressive milestone in the life-cycle of the solution, Interswitch’s Divisional Chief Executive Officer for Industry Vertical Markets, Chinyere Don-Okhuofu explained the rationale driving Interswitch’s partnership with Fuelvoucher, as well as the tremendous potential for accelerating distribution of the service offered by the alignment with the two of the leading downstream marketing organisation is Nigeria.

“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 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 explained.

Also commenting, the Chief Executive Officer of EVSL added that “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 InterswitchPoS”.

“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,” he said.

Essentially, the solution will also enable petrol stations around the country run overnight by mopping up cash and accepting 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.