Mumbai, ICICI Bank announced on Monday that it had partnered with Google pay for the issuance of FASTag, a refillable label that allows the automatic deduction of toll charges and allows users to walk through the toll booth without stopping to make cash transactions.

This collaboration allows Google Pay users to order, track and even top up ICICI Bank FASTag digitally on the payment platform himself.



“With the increased adoption of digital payments across the board, we believe this collaboration with Google will help Google Pay users apply for a new FASTag and have it delivered to their door for free, “said Sudipta Roy, Head of Unsecured Assets, ICICI Bank, in” We believe this initiative will go a long way in increasing the adoption of FASTag for toll payment. ”

FASTag is a trademark owned by Indian Highways Management Company Ltd. (IHMCL), which carries out electronic toll collection and other ancillary National Road Authorities of India (NHAI).

The National Payments Corporation of India (NPCI), IHMCL and NHAI are working to fully digitize national and national road toll payments.

Publicity


“NETC (National Electronic Toll Collection) FASTag is an important step in improving the efficiency of digital payments in transit and the fluidity of interstate travel,” said Sajith Sivanandan, chief commercial officer of Google Pay.

“We are very pleased to partner with ICICI Bank to extend the purchase ability of NETC FASTag to millions of users across India through Google Pay.”

SEE ALSO:
Cyclone Amphan was the most expensive cyclone of 2020 and the fourth most expensive natural disaster in total
Chinese central bank wants Jack Ma’s Ant group to overhaul its economic model

India’s very first privately designed and developed rocket set to become a reality in 2021

About The Author

Related Posts

Leave a Reply

Your email address will not be published.