Paytm Payments Bank is largest issuer with 3 million FASTags - TSFP
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Paytm Payments Bank is largest issuer with 3 million FASTags

Paytm Payments Bank is largest issuer with 3 million FASTags

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India's driving installments bank Paytm Payments Bank has said that it has crossed the achievement of giving 3 million Paytm Payments Bank FASTags, in this way turning into the biggest backer of such labels in the nation. 

In an offer to oversee assortments effectively at the cost squares on national expressways, the Indian government has made it compulsory for all vehicles to have Paytm Payments Bank FASTag, a reloadable label that empowers programmed derivation of cost charges and lets you go through the cost court ceaselessly for the money exchange. Paytm Payments Bank FASTag is connected to a prepaid record from which the material cost sum is deducted. The tag utilizes Radio-recurrence Identification (RFID) innovation and is fastened on the vehicle's windscreen after the label account is dynamic. Paytm Payments Bank FASTag is by and by operational at 180 cost squares across national and state thruways. More cost squares will be brought under the Paytm Payments Bank FASTag program later on.



Paytm Payments Bank


Vehicle proprietors can purchase Paytm Payments Bank FASTags online through Amazon.in and various banks including State Bank of India (SBI), HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank just as Paytm Payments Bank, among others. Non-utilization of FASTags on vehicles will draw in fines and punishments. 

Satish Gupta, MD and CEO – Paytm Payments Bank stated, "This achievement is a demonstration of the endeavors we are placing in the 'Advanced India' vision of the government.We will keep on moving in the direction of the reception of computerized cost installments in the nation and Paytm Payments Bank is by a long shot the pioneer in the Electronic Toll Collection (ETC)market and gets the most elevated ETC traffic court at Shahjahanpur which enrolls the most elevated electronic cost assortment. Moreover, the bank endeavors have accomplished 50%digitization at Makhel Toll Plaza in Gujarat, which is likewise the most elevated in the nation." 



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FASTAg: Here’s how to buy, recharge FASTag from ICICI Bank


Paytm Payment Bank, a piece of Alibaba and Softbank-sponsored advanced installments and web based business organization Paytm, further said in an explanation that vehicle proprietors can pay legitimately from their Paytm Wallet, without requiring to make and energize a different Paytm Payments Bank FasTag wallet. It tends to be purchased with least documentation like a vehicle enlistment number and authentication and is conveyed at the enrolled address liberated from cost. 

The Payments Bank has additionally joined forces with driving car makers, for example, Maruti Suzuki, Hyundai Motor India, Honda Cars India, KiaMotors India Pvt Ltd, MG Motor India, among numerous others to offer pre-fitted Paytm FASTags at the hour of vehicle buy itself. 



The bank is further boosting the offer of Paytm Payments Bank FASTags by conveying 10,000 business reporters in every single significant city and towns the nation over. So as to educatepeople on the accommodation of cashless installment and help business vehicle proprietors buy the labels, Paytm Payments Bank has set up more than 300 camps at cost plazasacross India.

Related:-

SBI FASTag: Know how to purchase tag, charges, recharge process 2020


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