Peony-China Petroleum Co-branded Card Refueling “All-in-One Card” Project Shows Achievements
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Since ICBC Xinjiang Branch and Urumqi Railway Bureau jointly signed the “Peony China Petroleum Co-branded Card Refueling “One Card” Cooperation Agreement” in April 2007, the bank has promoted the issuance of 1,231 cards to the Xinjiang Railway Bureau system, with a cumulative transaction volume of 4.0364 million yuan. Calculated on the basis that the railway bureau system needs 100 million yuan in refueling funds each year, a 1% discount on refueling through the “all-in-one card” project can save 1 million yuan in costs each year.
According to reports, the refueling “all-in-one card” project is mainly developed and designed in cooperation to meet the railway bureau’s needs for financial concentration, cost control, and vehicle fuel management. According to the cooperation agreement, the drivers of all operating vehicles of the Urumqi Railway Bureau will uniformly apply for the Peony PetroChina Credit Card with the Railway Bureau’s logo. At the same time, all vehicles will be fixed at PetroChina gas stations for refueling along the way, and ICBC (6.37, -0.12, -1.85%) ) POS machine settlement, the driver will be reimbursed by the POS receipt. In the middle of each month, the finance department of the Urumqi Railway Bureau checked the card refueling data with ICBC Xinjiang Branch to make a one-off repayment before the due date of all cards.
People in the industry generally believe that the refueling “all-in-one card” project is of great significance in terms of cooperation mode, economic and social benefits. As far as the partners are concerned, they not only fully enjoy the refueling discounts and interest-free repayment period, reduce capital occupation and cash circulation, but also effectively expand the scale of overdrafts and reduce the risk of overdrafts, which truly achieves a win-win situation. At the same time, it also built a good platform for the in-depth cooperation between the two parties in the later stage.
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