Payment24 provides a white-label platform for fuel retailers, banks, and fleet operators to manage fuel payments, loyalty programs, and financial services under their own brand. The technology enhances fleet fuel management, reduces fuel fraud, and integrates with existing infrastructure for real-time transaction control.
Funding
$1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Fuel retailers, banks, and fleet operators face challenges in managing fuel payments, preventing fraud, and administering loyalty programs efficiently. Existing systems often lack integration, real-time control, and the flexibility to offer branded financial services. This can lead to increased operational costs and reduced customer loyalty.
Solution
Payment24 provides a white-label platform that enables fuel retailers, banks, and fleet operators to manage fuel payments, loyalty programs, and financial services under their own brand. The platform integrates with existing infrastructure to provide real-time transaction control, enhancing fleet fuel management and reducing fuel fraud. Payment24's open platform allows for easy integration with third-party systems and supports various payment methods, including mobile payments, POS terminals, and electronic vouchers. The system is hardware-agnostic, working with existing hardware or new hardware provided by Payment24. The platform also offers features such as fuel-in-tank monitoring, home base automation, and wet stock management.
Target Audience
Payment24 targets fuel retailers, banks, fleet operators, retail & convenience stores, transporters, car rental companies, and auto dealerships seeking to streamline fuel payments, enhance security, and offer branded financial services.
Features
- White-label platform for branded fuel payment and loyalty solutions
- Real-time transaction control and fraud prevention
- Integration with existing POS systems and fuel infrastructure
- Support for mobile payments, electronic vouchers, and prepaid cards
- Fuel management tools, including fuel-in-tank monitoring and wet stock management
- Telematics integration for vehicle tracking and fuel consumption analysis
- Loyalty management system with earn & burn network and promotion management
- Cloud-based switch for integrated payments
- Solutions for electric vehicle (EV) payments