Want to optimize how you manage Fuel payments with your Driver partners?

With Cotodel, we want to change how Fuel Spends are done and help bring savings to your business!

Experience UPI Vouchers
Fleet expense management

Give your fleet drivers UPI-enabled digital vouchers which can be either locked at all Petrol pumps or even at a specific branded petrol pump of your choice. Another added advantage is that these vouchers can be issued instantly to each driver’s mobile number without any onboarding documents or KYC needed 
from them!

There is no change in both Consumer as well as Merchant behaviour from their regular UPI transaction which they are anyway doing currently for their personal spends. The issued voucher automatically pops up on the consumer’s existing UPI apps once a relevant merchant QR code is scanned. All you have to do is select the payment instrument as the voucher instead of your Bank Account or Card and make the payment from the issued voucher. The merchant also accepts direct debit transactions on the same QR codes which are already installed at their outlets and do not need to add a new QR code or download any new app for this!

What makes it different from a regular UPI transaction?

Money never leaves your Bank Account till the time the transaction is done by the driver at the Petrol pump! The voucher amount gets blocked in your account and gets deducted once the actual transaction is done.

Fuel Expenses Simplified!

Join Bharat's smartest payments platform to manage & save on your Fleet’s Fuel Expenses!

UPI Digital voucher for Fuel
Let us understand this with an example!

For example, if you want to issue a generic fuel voucher to your driver Raghu, then you will have the option to either restrict the redemption across all Fuel Stations or across Bharat Petroleum Fuel Station or Bharat Petroleum Fuel Station, Indirapuram location.

The vouchers can be multi-redeemable and come with a time validity of up to 1 year. As soon as the driver scans a QR code of a Petrol pump and makes the transaction from their UPI app, the business admin receives all the information digitally, be it merchant details, time of transaction, transaction amount! 

How can you issue & redeem this UPI voucher?

1
Onboard your business with Cotodel
2
Add Driver’s mobile number
3
Amount gets blocked in your account
4
Driver receives the voucher on his existing UPI App which is linked to the mobile number
5
Driver activates the voucher on their UPI app
6
Driver goes to a Petrol pump
7
Fuel voucher automatically pops up right below their Bank Account
8
Select Payment method as Voucher instead of your Bank A/C
9
Transaction amount gets deducted from the Company A/C post this only
10
Complete Digital trail of the transaction is received on Cotodel’s dashboard which simplifies reconciliation for the business
How to issue & redeem a UPI Digital voucher for Fuel

Benefits of UPI Voucher

All your spends in 1 platform

Nationwide Discounts for Fleet Owner

Nationwide Discounts

Prevents Fuel Theft & Fraud

Prevents Fuel Theft & Fraud

Custom control for Fleet Owner

Custom control

Maximum visibility for Fleet Owner

Maximum visibility

What makes Cotodel better than Fuel Cards?

Yes, Fuel cards do exist through which the purpose of the spend done can be locked but the entire shift is of the Form Factor of payment! All of us have become so used to making transactions from our UPI apps on our mobile phones directly which eliminates the need to carry physical cards or download a new app to do spends via a digital card.

The redemption network of QR codes vs POS machines accepting card payments is heavily in favour of QR codes which are omni-present even at the smallest of petrol pumps these days. It is a direct debit payment acceptance for the petrol pump owner and the driver need not find an ATM machine or a working card machine to fill petrol in their truck/car/bike/auto!

With Cotodel, a beneficiaries KYC is not needed as all vouchers get issued to their mobile number which is already linked to the existing UPI apps installed on the driver’s phone. Any driver, who may be a part-time or contractual employee can also get onboarded seamlessly without any processes or joining fees.

So, let us make your Business spends as seamless as your personal UPI spends!

FAQs

No, Cotodel is designed to support fleet aggregators of all sizes. Whether managing 5 vehicles or 50, and whether operating regionally or across the country, Cotodel offers a flexible fleet expense management platform tailored for your payment needs. Also, if you have a fleet of trucks, buses, cars, bikes or autos, our solution is applicable to all vehicle types!

Yes, Cotodel streamlines driver expense management by eliminating the need for KYC requirements to onboard a new driver partner. Fleet operators can issue UPI digital vouchers to any driver’s mobile number instantly, enabling seamless spend control even for temporary or contract drivers.

Cotodel’s UPI digital vouchers are interoperable and fully programmable. Fleet managers can issue vouchers for fuel (replacing traditional fuel cards or cash/parchi system for their petrol or diesel needs), vehicle maintenance and repair, FASTag toll payments, and meal allowances. Vouchers can be targeted to specific merchants or merchant categories for enhanced spend control. Even if a business wants to issue a generic voucher which need not be locked at a specific category, even that can be done for all miscellaneous spends!

With Cotodel, the money stays in your company’s bank account until the driver actually uses it. When you issue a voucher, the amount is just blocked—not spent. If the driver doesn’t use it and the voucher expires, the money is automatically unblocked and available again.

Yes, Cotodel features a robust analytics dashboard that provides detailed vehicle-level and driver-level expense reports. Our objective is to let fleet owners and fleet managers see trip expense sheets if needed either at a driver or vehicle level. Fleet owners gain insights into fuel usage, maintenance costs, food allowances, and more, making Cotodel a smart choice for optimized fleet expense tracking.

Cotodel is a plug-and-play fleet management solution for all of your fleet’s operational payments. It can be integrated quickly if the fleet business uses an existing solution or can also be used independently as a standalone platform. The setup time involved to get onboarded is minimal and can be done without having any tech team as well by the fleet business!

Yes, Cotodel’s UPI-based fuel and expense vouchers complement existing fuel card systems. With the option of locking spend on Fuel or any other category while utilizing the form factor of the existing UPI ecosystem for payments, Cotodel’s solution does not demand any change in driver or petrol pumps behaviour for making or accepting payments!
FAQs for Fleet expense management