Paytm Payments Bank issued 6 Lakh FASTags in November
Paytm Payments Bank (PPB) issued 6 lakh FASTags in the month of November, according to the company statement.
The Ministry of Road Transport and Highways had announced that toll payments on highways would be accepted through FASTags only from December 1. This was later extended to December 15.
In a statement, PPB said it sold 6 lakh tags in the month of November and claimed that it has equipped over 1.85 million vehicles with FASTags.
The National Electronic Toll Collection (NETC) program, the flagship initiative of the Ministry of Road Transport and Highways, has been implemented on a pan-India basis in order to remove bottlenecks and ensure seamless movement of traffic and collection of user fee as per the notified rates, using passive radio frequency identification (RFID) tech...