By siliconindia | Tuesday, 29 December 2020, 04:22 Hrs ICICI Bank on Monday said it has joined hands with Google Pay for issuance of FASTag, a reloadable tag which enables automatic deduction of toll charges and lets users pass through the toll plaza without stopping for cash transactions. This collaboration enables Google Pay users to order, track and even recharge ICICI Bank FASTag digitally on the payment’s platform itself. With the increased adoption of digital payments in all walks of life, we believe that this collaboration with Google will help Google Pay users to apply for a new FASTag and get it delivered free of cost at their doorstep, Sudipta Roy, Head Unsecured Assets, ICICI Bank, said in a statement.
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FASTag compulsory for all vehicles in India from this week Updated Dec 28, 2020 | 17:16 IST
The Ministry of Road Transport and Highways (MoRTH) has made it mandatory for all vehicles to use FASTag at toll plazas from 1 January, 2021. This compulsion was only for four-wheelers. FASTag compulsory for all vehicles in India from this week
Considering the benefits of FASTag, the Ministry of Road Transport and Highways (MoRTH) announced that FASTag will become mandatory for all vehicles from 1 January 2021 onwards. Previously, FASTag was made mandatory for four-wheelers only. This has been done to help the commuters to make payments at the toll plaza without stopping the vehicle for cash payment. FASTags are now being widely used in India ever since the MoRTH made them mandatory for vehicles at toll plazas on the national highway. According to a PTI report, four banks issued up to one lakh FASTags after its launch in 2016. The figures hiked up to seven lakhs
Google Pay counters Paytm by partnering with ICICI Bank to issue FASTags
IANSDec 28, 2020, 15:28 IST
TOI
Google Pay for issuance of FASTag, a reloadable tag which enables automatic deduction of
toll charges and lets users pass through the toll plaza without stopping for cash transactions.
This collaboration enables Google Pay users to order, track and even recharge ICICI Bank FASTag digitally on the
payments platform itself. With the increased adoption of
digital payments in all walks of life, we believe that this collaboration with Google will help Google Pay users to apply for a new FASTag and get it delivered free of cost at their doorstep, Sudipta Roy, Head Unsecured Assets, ICICI Bank, said in a statement.
ICICI Bank on Monday said it has joined hands with Google Pay for issuance of FASTag, a reloadable tag which enables automatic deduction of toll charges and lets users pass through the toll plaza without stopping for cash transactions. This collaboration enables Google Pay users to order, track and even recharge ICICI Bank FASTag digitally on the payments platform itself. With the increased adoption of digital payments in all walks of life, we believe that this collaboration with Google will help Google Pay users to apply for a new FASTag and get it delivered free of cost at their doorstep, Sudipta Roy, Head Unsecured Assets, ICICI Bank, said in a statement.