The strategic importance of payment data for merchants in the fuel retail industry

The fuel retail industry is undergoing a profound transformation driven by rapid technological advancements, evolving customer expectations, and the pressing need for sustainability. No longer confined to traditional fuel dispensing, modern fuel retail sites are evolving into multi-functional mobility hubs that offer a variety of services, energy types and transport solutions. In this dynamic landscape, data have emerged as the cornerstone of operational efficiency, customer satisfaction and sustainable growth. For payments professionals, leveraging data effectively is essential to optimise merchant payment systems, mitigate risks and support these evolving business models. This paper provides seasoned payments professionals with actionable insights and best practices for leveraging data within the fuel retail industry’s payment ecosystems.

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Publication Details

Journal
Journal of payments strategy & systems
Published
2025-03-01
DOI
https://doi.org/10.69554/mwui4744
Primary Topic
Banking Systems and Strategies
Type
article
Field-Weighted Citation Impact
0.00
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article

The strategic importance of payment data for merchants in the fuel retail industry

Peter Lambrechts
Journal of payments strategy & systems
Banking Systems and Strategies
article

The strategic importance of payment data for merchants in the fuel retail industry

Peter Lambrechts
article en

Abstract

The fuel retail industry is undergoing a profound transformation driven by rapid technological advancements, evolving customer expectations, and the pressing need for sustainability. No longer confined to traditional fuel dispensing, modern fuel retail sites are evolving into multi-functional mobility hubs that offer a variety of services, energy types and transport solutions. In this dynamic landscape, data have emerged as the cornerstone of operational efficiency, customer satisfaction and sustainable growth. For payments professionals, leveraging data effectively is essential to optimise merchant payment systems, mitigate risks and support these evolving business models. This paper provides seasoned payments professionals with actionable insights and best practices for leveraging data within the fuel retail industry’s payment ecosystems.

Journal of payments strategy & systemsVol. 19(1)
Kuwait Petroleum Corporation (Kuwait) (KW)
Openalex Percentile: Top 93%
Banking Systems and Strategies
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