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.
News Must Read
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24
- RuPay Unveils Link it, Forget it Campaign at IPL 2024 to Promote RuPay Credit Card on UPI
- NTPC Green Energy Limited Inks MoU with Indus Towers Limited
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE
- MCL Ib Valley Washery commenced commercial operation
- HAL bags Rs 65,000 Cr tender by Defence Ministry
- PSBs' growth output superseded Private Lending firms
- Northern Coalfields Limited CMD inspects Amlohri Area