India’s largest mobile wallet,
Paytm has partnered with the
National Highway Authority of India (NHAI) to enable
cashless transaction on highway tolls across the country.
Paytm FASTag will allow commuters to pass through 350 tolls covering about 55,000 kms without stopping. The tag has RFID technology that will allow the cashless toll fee using
Paytm wallet.
“Cash slows down traffic at important toll plazas as attendants and motorists are left grappling with the hassles of dealing in loose change. The roll-out of
Paytm-enabled FASTag will come as a relief to both commuters and toll plaza attendants and help towards the national cause of saving fuel,” Kiran Vasireddy, Sr. Vice President, Paytm said.
Paytm expects to collect over Rs 1,800 crore through this service in the coming months.
