Mumbai, Sept. 24 -- Castrol India Limited has revealed that Castrol Fast Scan, a digital incentive platform for key stakeholders including mechanics and retailers has already reached 1.5 lakh users. Standard Chartered Bank is the banking partner for this industry-first solution. Castrol Fast Scan currently helps retailers and mechanics to earn, track and redeem rewards, and receive them instantly in their bank account using IMPS, leading to significant simplification and shortening of the incentive payment cycle from months to minutes. Now, the company targets to double its users in the next 12 months.
Castrol Fast Scan has acquainted many mechanics and retailers to banking on the go, besides inculcating a savings mindset. It has witnessed...