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With our government making FASTag mandatory for every newly sold vehicle from 1 December, Paytm Payments Bank, India's largest digital bank, is launching Paytm FASTag across the country.This Paytm FASTag is a simple and reusable tag based on radio-frequency identification (RFID) technology, which can be affixed to vehicle windscreen to enable electronic toll collection on the nation's motorways. Now, you can travel through 380 toll booths covering 55,000 kilometres across the country without any hassle. Each FASTag is linked to a registered Paytm account for instant and automatic deduction of toll charges.<\/p>\n<\/p>\n
We are currently working with leading passenger and commercial vehicle manufacturers and dealers including Maruti, Hyundai, Tata, Mercedes, Renault, BMW, Volkswagen, Volvo, etc., to offer Paytm FASTag to customers buying a new vehicle across the country.If you already own a vehicle, you can also buy FASTag online on the Paytm app to buy FASTag online.Customers using Paytm FASTag will get 7.5% cashback on every toll transaction.<\/p>\n<\/p>\n
Renu Satti, Managing Director and CEO, Paytm Payments Bank said, \"Using cash payments at toll booths results in valuable time and fuel being wasted needlessly as the toll collectors and drivers have to deal with the hassle of making change.Paytm FASTag will enable unhindered movement of vehicles at toll booths and bring the no benefits of cash payments to every toll booth in India. Apart from providing convenience to commuters, this will improve the overall transparency and efficiency of our toll network.\" The project is being undertaken in collaboration with the National Highways Authority (NHAI) and NPCI.<\/p>","protected":false},"excerpt":{"rendered":"
With our government mandating that from 1 December, every new vehicle sold must be equipped with a FA...<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-2396","post","type-post","status-publish","format-standard","hentry","category-10"],"yoast_head":"\n