⇒Paytm Payments Bank Ltd (PPBL) has announced on 28 July 2021 that it became the ‘first bank’ in India to achieve the milestone of issuing one crore FASTags.
In the last 6 months alone, PPBL has equipped over 40 lakh commercial & private vehicles with FASTags. Paytm Payments Bank (PPBL) now has close to 28 per cent share as FASTag issuer bank.
According to National Payments Corporation of India (NPCI), over 3.47 crore FASTags were issued by all banks together till the end of June 2021.
According to PPBL, 280 out of the total 851 toll plazas across the national and state highways are now using its payment gateway to collect toll charges digitally.
About FASTag:
FASTag is an electronic toll collection system in India, operated by the National Highway Authority of India. It essentially aims at a free movement of vehicles at toll plazas, where vehicles are not required to stop and pay tolls.