Cash won’t be the only thing at toll plazas now, Paytm has a second option for you

Next time when you are paying at a toll booth, there might be an option for you to pay using Patym. The company will now be operating tool booths that will allow the vehicles to zip through toll plazas and their toll charges will be deducted from their Paytm wallets.

Paytm has won contracts for automatic toll collections at highways in various states and this has been confirmed by the Chairman for the National Highways Authority of India (NHAI)- Raghav Chandra.

"We have awarded them 40 out of 350," Chandra told ET.

The contract has been secured by Paytm as a part of the government's plans to let digital wallet companies manage its electronic toll service. Such electronically managed tolls are aimed at saving time at toll gates and to smoothen the overall process that were till recently managed by manned booths collecting money at gates leading to traffic snarls.

NHAI, in April, launched the e-tolling service in about 300 toll plazas in the whole nation so as to help the vehicles drive smoothly.

The Noida-based technology firm is also in talks with the Railways for digitising payments mechanisms.
(image: IndiaTimes)