Fastags

Fastag collections on national highways estimated at Rs 72,500 crore

National highway awarding activity slowed in H1 amidst weather and elections

No toll up to 20 km on highways: How new satellite-based toll system works

Under new rules, private vehicles with GNSS can travel up to 20 km daily for free on select highways; a fee will be applied beyond 20 km

RBI includes auto replenishment of FASTag, NCMC in e-mandate framework

Exempts these card issuers from issuing a pre-debit notification

FASTag new rules from tomorrow: All about vehicle detail linking and more

The National Payments Corporation of India (NPCI) has announced new rules with a key update being the compulsory FASTag KYC needs. The KYC procedure begins on August 1

After historic high, UPI transactions see marginal dip in June to 13.89 bn

IMPS down by 7%, FASTag 4%; but Aadhaar Enabled Payment System (AePS) see a 11% jump in volume & 7% in value

Reserve Bank of India to set up platform to curtail payment frauds

Auto replenishment facility for Fastags, NCMCs, UPI Lite wallets

One Vehicle, One FASTag rule: All you need to know

In a first, yearly transactions through UPI cross 100 billion in FY24

The year also saw a record value of Rs 199.89 trillion, compared to Rs 139.1 trillion. In February 2024, transactions stood at 12.10 billion and Rs 18.28 trillion, respectively

From FASTag to Credit card policy: List of things changing from April 1

Facing problems in closing your Paytm FASTag account? Here's how to do it

After the RBI's ban on PPBL from onboarding new clients and its wallet services, customers have complained of issues in closing their PPBL-linked FASTag accounts

Paytm Payments Bank releases FAQs on refund, closing FASTag accounts

According to the FAQs, no further funding or top-ups will be allowed in the FASTags issued by Paytm Payments Bank after March 15

Paytm Payments Bank crisis: How to deactivate Paytm FASTag and buy new one

In the recently released FAQs, the RBI suggested users procure a new FASTag issued by a bank other than Paytm Payments Bank before March 15

AI can be 'Fastag' for India's growth: Google India head Sanjay Gupta

It can break barriers to information accessibility, says Google V-P Sanjay Gupta

Paytm Payments Bank saga: FASTag makers gear up as demand from FIs rise

According to industry sources, Airtel Payments Bank has placed 5x to 7x more orders for FASTags than they would place in a normal order

IHMCL removes PPBL's name from list of banks authorised to issue FASTag

Indian Highways Management Company Ltd (IHMCL), toll collecting arm of state-owned NHAI, has advised highway users to buy FASTags from 32 authorised banks sans Paytm Payments Bank for hassle-free travel. In a post on X, IHMCL said for hassle-free travel, buy your FASTag from 32 authorised banks. The 32 authorised banks include Airtel Payments Bank, Allahabad Bank, Bank of Baroda, HDFC Bank, ICICI Bank, IDBI Bank, Punjab National Bank, State Bank of India, and Yes Bank, among others. On January 31, the Reserve Bank directed Paytm Payments Bank (PPBL) to stop accepting deposits or top-ups in any customer accounts, wallets, FASTTags and other instruments after February 29. However, any interest, cashbacks, or refunds may be credited back to customers anytime. The direction followed persistent non-compliances and continued material supervisory concerns, the central bank had said in a statement. IHMCL has said it is encouraging FASTag users to complete the 'Know Your Customer' (KYC) .

GPS-based toll collection system in India: Things to know about this tech

Nitin Gadkari said that it has been decided to initially implement the GNSS-based Electronic Toll Collection (ETC) System at selected sections of National Highways

Paytm chief meets RBI for clarity on transferring wallet, FASTag biz

Regulator told Paytm Payments Bank last week to stop accepting new deposits in its accounts and digital wallets from March 1

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: 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

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