FASTag on PhonePe crosses 1 million users, 7 million transactions
4 years, 1 month ago

FASTag on PhonePe crosses 1 million users, 7 million transactions

Live Mint  

PhonePe has announced FASTag, the RFID-based system used to make payments at tolls, has crossed 1 million users with over 7 million transactions on its platform. FASTag transactions, which were down during the lockdown due to travel restrictions, have since grown 280% relative to January 2020, the leading digital payment platform said. PhonePe supports recharges for 19 major FASTag issuing banks.“PhonePe’s contactless and instant recharges of FASTag with zero fees, unmatched choice via PhonePe’s partnership with 19 FASTag issuing banks, with more being added as we speak and a huge reduction in waiting time at toll plazas are all clear contributors to the exponential growth this category is seeing," Ankit Gaur, director of business development at PhonePe said. How to recharge your FASTag on PhonePe 1) Select “View More” from the Recharge and Pay Bills section on the homepage 2) Select ‘FASTag Recharge” 3) Select your issuing bank 4) Enter your vehicle number and click confirm 5) Enter the amount you want to recharge your FASTag for and proceed to payments.

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History of this topic

PhonePe: Digital payment app offers FASTag recharges with 26 partnered banks
3 years, 4 months ago

PhonePe: Digital payment app offers FASTag recharges with 26 partnered banks

India Today  

PhonePe is an Indian digital payments and financial services company. The company recently announced that they will now offer users recharge FASTag directly with 26 partnered banks. Digital payment company PhonePe has served more than 6 million FASTag customers with this app so far. The QR code solution will allow customers to make digital payments via any UPI app at …

FASTag Surpasses 3.54 Crore Users in India, Penetration Reaches 96 Percent
3 years, 4 months ago

FASTag Surpasses 3.54 Crore Users in India, Penetration Reaches 96 Percent

News 18  

In a written reply in the Lok Sabha, Union Minister of Road Transport and Highways, Nitin Gadkari said that every lane of toll plazas are FASTag lane. The NETC, or National Electronic Toll Collection FASTag, works with the electronic payments systems that have been developed by the National Payments Corporation of India and uses RFID technology to automatically collect payments …

PhonePe clocks 972 million transactions on UPI in February
3 years, 9 months ago

PhonePe clocks 972 million transactions on UPI in February

Live Mint  

Bengaluru: Digital payments firm PhonePe on Monday said it has clocked close to 972 million Unified Payments Interface transactions in February, garnering close to 42% market share on the payment infrastructure. In January, the Bengaluru-based company had retained its market leadership in UPI for the second consecutive month by recording close to 968.7 million transactions and processing ₹1.91 lakh crore …

FASTag Is Mandatory For Your Car From Today: Here Is Everything You Need to Know
3 years, 10 months ago

FASTag Is Mandatory For Your Car From Today: Here Is Everything You Need to Know

News 18  

FASTag is becoming mandatory starting today. Everyone who has a road trip on the cards will need a FASTag for their car in order to cross toll plaza’s across national highways. FASTag’s are meant to enable contactless toll payments across national highways in the country and can be issued via multiple banks including HDFC Bank, Axis Bank, ICICI Bank, Kotak …

FASTag Is Mandatory For Your Car From February 15: All Your Questions Answered
3 years, 10 months ago

FASTag Is Mandatory For Your Car From February 15: All Your Questions Answered

News 18  

You will mandatorily need a FASTag for your car if you are on a road trip and crossing any toll plazas across national highways in India, from February 15. Also worth noting, the FASTag payments option is enabled at more than 720 toll plazas on national highways across India. The NETC, or National Electronic Toll Collection FASTag, works with the …

Paytm Payments Bank Has Issued Over 6 Million FASTags & Enabled Cashless Payments on 250 Toll Plaza's
3 years, 11 months ago

Paytm Payments Bank Has Issued Over 6 Million FASTags & Enabled Cashless Payments on 250 Toll Plaza's

News 18  

FASTag has been in the news these days. Given that the topic is trending, India’s Paytm Payments Bank took the opportunity to boast about its feat of becoming the leading issuer of FASTag in the country with over 6 million FASTags being issued via Paytm Payments Bank. Further, Paytm said that its Payments Bank has enabled cashless toll payments across …

Do Not Forget, FASTag Is Mandatory For Paying Tolls From Feb 15: We Answer All Your Questions
3 years, 11 months ago

Do Not Forget, FASTag Is Mandatory For Paying Tolls From Feb 15: We Answer All Your Questions

News 18  

You will mandatorily need a FASTag for your car if you are on a road trip and crossing any toll plazas across national highways in India, from February 15. Also worth noting, the FASTag payments option is enabled at more than 720 toll plazas on national highways across India. The NETC, or National Electronic Toll Collection FASTag, works with the …

Explained: FASTag Is Mandatory For Highway Travel From January 1 And We Answer All Your Questions
3 years, 11 months ago

Explained: FASTag Is Mandatory For Highway Travel From January 1 And We Answer All Your Questions

News 18  

You will mandatorily need a FASTag for your car if you are on a road trip and crossing any toll plazas across national highways in India, from January 1. Also worth noting, the FASTag payments option is enabled at more than 720 toll plazas on national highways across India. The NETC, or National Electronic Toll Collection FASTag, works with the …

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