PSU PRESS RELEASE
Highway tolls across India to go cashless with Paytm-enabled FASTag
AHMEDABAD : India’s Paytm, on Tuesday, announced partnership with the National Highways Authority of India (NHAI) to enable cashless transaction on highway tolls across the country.
The Paytm FASTag will allow commuters to pass through 350 toll plazas covering 55,000 kms, without having to stop. The vehicle tag employs RFID technology to allow cashless toll fee payment with the Paytm wallet. Paytm aims to collect over Rs. 1,800 crore in toll charges in the coming months, said Kiran Vasireddy, Senior Vice President, Paytm.
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