For the primary time, the toll assortment by way of FASTag crossed Rs 80 crores per day on December 24, 2020, with a file 50 lakh FASTag transactions per day. With greater than 2.20 crore FASTag issued until date, adoption of FASTag by Highway customers has seen unprecedented development.
“With FASTag being mandatory for vehicles from January 1, 2021, the National Highways Authority of India (NHAI) has made all necessary arrangements to provide seamless movement of vehicles at fee plazas. Adoption of FASTag has helped highway travellers to save time and fuel at the toll plazas,” mentioned an official.
The official provides, “As social distancing has become the new norm, commuters are increasingly looking at FASTag as a toll payment option as it nullifies the chances of any human contact between the drivers and the toll operators. Being an inclusive technological tool for toll collection on highways, FASTag is a more practical and beneficial option.”
The digital transaction has obtained a vital push with the latest modification within the Motor Vehicle Amendment Act, 2019. FASTag is definitely accessible at over 30,000 factors of sale (PoS) throughout the nation and mandatorily accessible at NHAI toll plazas.
The program has partnered with 27 issuer banks and has included a number of choices to simplify its recharge services resembling Bharat Bill Payment System (BBPS), Unified Payments Interface (UPI), Online funds, My FASTag Mobile App, Paytm, Google Pay, and others. In addition, a money recharge facility can also be being offered at Point of Sales (PoS) at toll plazas for the comfort of customers.
FASTag additionally makes use of Radio-frequency Identification (RFID) know-how that gives customers a easy and easy cross-over at Toll plazas with out a lot ready/halting. The cost is made digitally by way of the FASTag linked to the financial institution pockets.
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