Paytm rolls out FASTag across India

The government of India mandated the use of FASTag on every vehicle sold in the country from December 1. To help the initiative, India's leading wallet service, Paytm has rolled out Paytm FASTag.

The Paytm FASTag is a simple and reusable tag based on radio-frequency identification technology (RDIF) that can be placed on a vehicle's windscreen. It enables electronic toll fee collection on highways, and you can pass through 380 toll plazas across the country covering 55,000kms without having to stop. The FASTags are linked to a registered Paytm account and will instantly and automatically deduct the toll charges from the account.

Paytm is currently working with leading car and commercial vehicle manufacturers and dealers, including Maruti, Hyundai, Mercedes, Renault, BMW, Volkswagen, Volvo, among others to make Paytm FASTag available for customers purchasing new vehicles across the country. Those who already own a vehicle can buy FASTag online on Paytm app. The company also promising that FASTag customers will get 7.5 percent cashback on every toll transaction.

Paytm has partnered with the National Highways Authority of India (NHAI) and NPCI for the FASTag project.

Renu Satti, MD & CEO—Paytm Payments Bank said, “Cash payments at toll plazas result in precious man hours and fuel being unnecessarily spent, as attendants and motorists are left grappling with the hassles of dealing in exact change. The Paytm FASTag will facilitate non-stop movement of vehicles through toll plazas and bring the benefits of cashless payments to every toll in India. Besides offering convenience to commuters, this will also improve transparency and overall efficiency of the country’s toll network.”

Kaiser Bey

Kaiser is a tech enthusiast who likes to write, read and talk about tech. He dreams of going to Mars and never come back. We hope that you find his posts on AndroGuider helpful and informative