Paytm FASTags for 1 lakh OLA and Uber drivers

Paytm FASTags

Ministry of Road Transport and Highways, in January 2020 made it mandatory for all private and commercial vehicles to have FASTags for payments at toll booths. Paytm, the digital payment services aggressively startup took this opportunity to sell the RFID tags to drivers and vehicle owners all over the country. So far, PayTm is the largest seller of the FASTags, and claims to have sold over 3 million tags.  Paytm Payments Bank (PPB) has recently entered into a strategic partnership with two of the largest ride-hailing companies OLA and Uber…

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Free FASTags available till 29th February 2020

Free FASTags

After seeing a bumper rise of 28% in the daily collection of toll fee collection from Rs. 68 crores to Rs. 87 crores per day, the National Highway Authority of India (NHAI) has decided to further promote the use of FASTags. To promote the use of FASTags, The Ministry of Road Transport and Highways has initiated a scheme to distribute FASTags free from 15th February to 29th February 2020. The scheme waives-off the initial cost of Rs. 100 for tags, which will attract more users of FASTags. Digital collection of…

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FASTags are here to stay!

FASTags

On 15th January 2020, the Ministry of Road Transport and Highways has mandated 100% digitization of toll collection. The policy is supposed to decongest the national highways, reduce fuel consumption and save commute time.  What is FASTag? FASTag is a small reusable RFID chip attached to the vehicle’s windshield, enabling automatic digital payment at toll booths. When a vehicle with FASTag crosses through a toll booth, toll fee is automatically deducted from the bank account linked with the FASTag or from its digital wallet.  Where can one get FASTag and…

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