 "The National Highways Authority of India introduced FASTags that uses radio frequency identification technology and allows cars to pass tolls without stopping for payment")
The Reserve Bank of India has said that now customers can use non-bank prepaid payment instruments (PPIs), cards and Unified Payments Interface (UPI) to link FASTags. The move is expected to boost the National Electronic Toll Collection (NETC).
In its notification RBI has said, “In order to further broad base this system by allowing more payment choices for the customers, as well as for fostering competition among the system participants, all authorised payment systems and instruments non-bank PPIs, cards and Unified Payments Interface (UPI) shall from now be permitted for linking with the FASTags, which can be used for various
