Chennai: Paytm Payments Bank Ltd (PPBL) has announced that it is now enabling automatic cashless payments at 211 toll plazas across the country and has become the largest acquiring bank under National Electronic Toll Collection (NETC) program.
In a statement, it said the bank continues to be the largest issuer of FASTags in the country and has equipped over 5 million vehicles with these tags. It is further aiming to acquire another 100 toll plazas and achieve 100 per cent growth in FASTag sales in the next three months.
Unlike FASTags issued by other banks, Paytm FASTag doesn’t require any separate prepaid account to be created. The money for toll payments gets auto-debited from Paytm Wallet and the balance can also be used for shopping, recharges, bill payments, etc.