The fuel retail industry is an industry in transformation
The fuel retail industry is an industry in transformation – while the headline figures around the demand for fuel imply growth, a number of trends are conspiring to make the market extremely challenging for existing participants. In the past the demand for fuel seemed to continuously grow – especially in emerging markets where more consumers were purchasing their first automobiles.
Even in recessionary times it seemed that demand would continue to increase. However, changes in consumer behavior combined with persistent economic challenges are combining with changes in the competitive and regulatory environments to heap additional challenges on an industry under pressure.
SmartVista for Fuel Retailers provides all the functionality needed to design, run and manage advanced fuel / fleet card programs. The key strength of the solution is enabling the creation of innovative products in a matter of days. New services can be added to existing products without resorting to complex, time consuming and expensive software development projects.
SmartVista’s loyalty and reward program management solution enables users to rapidly create and manage innovative loyalty programs. The solution is designed to build sophisticated issuer and loyalty programs quickly. SmartLoyalty easily integrates with existing systems to gather data for loyalty points calculation and can be connected to external systems to share information for co-branded programs.
The solution’s flexibility helps customers implement their own policies – for example setting rules to control purchasing different categories of goods and services (fuel, food, alcohol). Additionally the system can be configured with information about the capacity of vehicles fuel tanks. Hence if a vehicle is re-fuelling too frequently or if the distance covered between re-fuelling stops conflicts with the amount of fuel used the transaction can be flagged as suspicious or stopped completely.
While small businesses are the lifeblood of any economy, this segment tends to have limited access to financial products required to grow their business. BPC’s SME MarketPlace is all about financial inclusion for small enterprises.
SmartVista for Microfinance has been designed to meet the needs of MFIs – it combines comprehensive functionality with unrivalled scalability, built-in security and complete flexibility.
The retail landscape has undergone a significant shift over the last decade. The traditional sales channels have been amended with or even replaced by digital channels through which consumers prefer to make their purchases. Retailers had to rethink their customer engagement models and the changing customer expectations did not only affect the retail industry but…
At this years MPE 2018 event our Product Marketing Manager, Marijke Koninckx presents Payments in the Times of Open Banking and discusses how to create the next generation customer propositions for your future business. Watch the our presentation at Merchant Payments Ecosystem 2018 here.
Open banking is set to have a major impact on the financial services industry. In the last few years, open APIs have gained traction and financial institutions are revisiting their channel and partner strategies accordingly. The revised Payment Service Directive, known as PSD2, is one of the driving forces behind this evolution. The European Commission…
