Bangkok Bank says it has joined Caltex to introduce the “BBL-Caltex Fleet Card” and “BBL-Caltex Cash Card” to help business clients manage their fuel costs, improve cash flow and increase efficiency, while driving Thailand towards a cashless society.
Bangkok Bank credit card chief Shoke Na Ranong said the bank has partnered with Chevron (Thailand) Limited, the marketer of the Caltex brand, to develop the fleet card. The card will enable firms to manage fuel expenses more efficiently as they will be provided with electronic invoices, daily and monthly fuel expense details and tax invoices.
Employers using this fleet card can set limits for either the spending value or litres of fuel per day or month and the mileage system can be used to calculate the fuel consumption rate.
The fleet card will specify the corporate name, licence plate, car make, the type of fuel permitted and gas stations where the card can be used. With these features, businesses can control and manage costs more efficiently.
The credit term is for up to 55 days and the enhanced flexibility will allow a business to select its preferred date in the billing cycle to correspond with the company’s accounting system.
This will enable better cash flow, improved liquidity and more efficient business management.
Bangkok Bank also introduced its new cash card, a prepaid card for tank filling and other engine products at Caltex stations nationwide, to control monthly expenses.
The bank said organisations and businesses can give this as a gift card to customers and specify the name of the company and place a message or logo on the back of the card.
“Bangkok Bank has been cooperating with Caltex stations for joint-marketing for a long time, especially in developing promotions for Bangkok Bank credit card users, and this collaboration will further support the needs of Bangkok Bank customers. Corporate customers will have more ways to manage their fuel costs efficiently and have better cash flow,” said Shoke.
Salman Saadat, Chevron’s manager in Thailand said the collaboration would complement both businesses as it combines strength, potential and business expertise to better facilitate business operators, retailers and corporate clients while fulfilling their needs and catering to their demanding lifestyles.
New product launches will help enhance customer experience and provide privileges and payments can also be made via QR codes on EDC, a convenient new option for fuel payment.
Saadat said: “Chevron is committed to developing strategies to serve the needs of current customers, adjust to changing needs and be a one-stop service station with a priority concern for safety, in line with the Fuel Service Station Control Act.
“Chevron expects that the introduction of QR code payments on EDC will provide greater convenience to customers and shorten service time. The company is prepared to offer the QR code payments upon regulatory approval of mobile phone usage at the fuel service point,” added Saadat.