Page 2 - Latest Updates on FASTag
UPI transactions reach a record Rs 18.41 trillion in January: NPCI data
According to data shared by the National Payments Corporation of India (NPCI), January numbers were 52 per cent higher in volume compared to the same month last financial year
 "UPI transactions reach a record Rs 18.41 trillion in January: NPCI data")
FASTag KYC update 2024: All you know about documents needed for your KYC
After January 31, 2024, according to NHAI, banks will deactivate or blacklist all FASTags with incomplete KYC updates. FASTag accounts that are not updated will be deactivated or blacklisted
 "FASTag KYC update 2024: All you know about documents needed for your KYC")
FASTag KYC update 2024: Things to know about documents needed for KYC
FASTag KYC online: For those customers who fail to complete the KYC today, their FASTags will become inoperative
 "FASTag KYC update 2024: Things to know about documents needed for KYC")
Paytm Bank: FASTag payments now available at Chennai airport parking
Paytm Payments Bank Ltd has partnered with Olympia Group to offer the service to customers at the facility, a press release on Tuesday said
 "Paytm Bank: FASTag payments now available at Chennai airport parking")
FASTags with incomplete KYC to be deactivated after Jan: How to update info
FASTag, operated by the NHAI, is an electronic toll collection system in India that uses Radio Frequency Identification technology for making toll payments
No phones, cards needed, your car can pay for its fuel and Fastag directly
The service can be availed by linking the Unified Payments Interface (UPI) with the car's infotainment system, thus eliminating the need for a smartphone to make payments
 "No phones, cards needed, your car can pay for its fuel and Fastag directly")
42 NH projects worth Rs 10,992 cr in bidding stage; 202 projects underway
Toll collection on national highways through FASTags cross Rs 4,000 crore in the last three months, with average toll collection higher than the previous quarter and financial year at Rs 4,406 crore
 "42 NH projects worth Rs 10,992 cr in bidding stage; 202 projects underway")
Now you can use FASTag on car to pay for parking spot at Varanasi airport
Airtel Payments Bank, has collaborated with Park+ to enable a FASTag-based smart parking solution at Lal Bahadur Shastri Airport
UPI falls marginally in June to Rs 14.7 trn, with 9.33 transactions
Based on data from NPCI, compared to the same month last financial year, transaction volume rose by 59% and value by 45%
 "UPI falls marginally in June to Rs 14.7 trn, with 9.33 transactions")
HC seeks Centre's response on plea asking banks to pay interest on FASTag
The court granted four weeks time to the authorities to file their replies to the application and listed the matter for further hearing on August 10
 "HC seeks Centre's response on plea asking banks to pay interest on FASTag")
FASTag's daily collection reaches all time high of Rs 193 cr on April 29
NHAI on Tuesday said the daily toll collection through FASTag system reached an all-time high of Rs 193.15 crore on April 29, with 1.16 crore transactions recorded in a single day
 "FASTag's daily collection reaches all time high of Rs 193 cr on April 29")
Cars on highways to be offered insurance cover using Fastag soon: Report
Centre may also come up with a plan to provide third-party insurance cover for motor vehicles when they are impounded by traffic police or transport department officials
 "Cars on highways to be offered insurance cover using Fastag soon: Report")
FASTag collections hit Rs 50,000 cr in 2022, up 46% YoY: NHAI data
Monthly toll collection put at approx Rs 4200 crore, signalling stronger adoption of electronic toll collection
HC asks NHAI to respond to plea challenging collection of double toll tax
Delhi High Court sought the response of the NHAI and the Centre to a plea challenging the rule making it compulsory for vehicles without FASTag to pay double the the toll tax
 "HC asks NHAI to respond to plea challenging collection of double toll tax")
FASTag in fast lane: Spike in adoption lifts toll collection past Rs 33K cr
Adoption of fastag by travellers in the country has recorded a significant rise following the declaration of all lanes of fee plazas on National Highways as FASTag Lane
 "FASTag in fast lane: Spike in adoption lifts toll collection past Rs 33K cr")
Top headlines: India Inc divided over new apps, tax revenues at record high
Business Standard brings you the top headlines this morning
 "Top headlines: India Inc divided over new apps, tax revenues at record high")
After a sprint, a pause for breath
2021 not only saw record funding creating a third of the country's unicorns, but also the first major listings, providing new valuation anchors
 "After a sprint, a pause for breath")
For FASTag, EV charging is the next big opportunity: Numadic CEO
The introduction of FASTag has almost entirely digitised governance in transport, which was until very recently a 100 per cent cash industry: Numadic CEO
 "For FASTag, EV charging is the next big opportunity: Numadic CEO")
Taking immediate steps to comply with RBI directions: Paytm Payments Bank
This is the third time that Vijay Shekhar Sharma-promoted Paytm Payments Bank (PPBL) is facing action from the banking regulator since its inception in May 2017
What's in-car payment?
Technology, sure, is making our lives easier. After FASTag cut short our waiting time at toll plazas, more plans are afoot for similar experiments. Let us see what they are, in this report
 "What's in-car payment?")
