China: FGS to develop fuel payment app technology for CNPC

CPPEI and FGS will work together to integrate advance payment solutions to the fuel mobile app Hao Ke E Station.

Future Gas Station Technology (FGS), a subsidiary of Recon Technology, signed a joint operation agreement with China Petroleum Planning and Engineering Institute (CPPEI) to facilitate the operation of DT Refuel mobile application (DT Refuel) for gas stations in Zhejiang.

CPPEI operates Hao Ke E Station, a refuelling mobile app currently used in over 20,000 CNPC gas stations in China. With the new agreement, FGS’ advanced payment solutions will be integrated and embedded to Hao Ke. CPPEI will continue to provide technical support to FGS to unify the loyalty program and membership, electronic invoice function, coupon consumption and refuelling card system.

"The joint operation with CNPC' decision making institution in Zhejiang demonstrates FGS' market value and leading position," said Shenping Yin, co-founder and CEO of Recon. "As a starting point, it provides a possibility for FGS to expand its solution and experience of gas station efficient operation on a country-across basis and increase its market share."

FGS currently cooperates with 437 stations in the Zhejiang Province, has a total of 4.12 million registered users.

“We hope to provide a convenient payment solution and customized payment services to China's gas stations, to provide the best solution of petroleum cost control for logistics companies, and to provide the best consumption experience to consumers,” said Yang Song, founder of FGS.

Established in January 2016, Future Gas Station (Beijing) Technology is a service company focusing on providing new technical applications and data operations to gas stations.