Paytm Payments Bank's FASTag to make highway travel easier

Last month, the govt had said from December 1 it would be mandatory for automobile manufacturers or authorised dealers to fix FASTag devices on the windscreens of all new four-wheelers

Furthering the digital money initiative, Paytm Payments Bank has rolled out Paytm FASTag to make payment of tolls at highway booths smoother. 

This would enable electronic toll-fee collection on highways across the country. The company has entered into tie-ups with a host of automobile makers to make its radio frequency identification tag (RFID) a part of the bundle they give with cars. It is working with leading car and commercial vehicle manufacturers and dealers — including Maruti, Hyundai, Tata, Mercedes, Renault, BMW, Volkswagen and Volvo, among others — to make Paytm FASTag available for new vehicles purchased across India.

This announcement