National Payments Corporation of India (NPCI) has reported that the transaction count of NETC FASTag under the National Electronic Toll Collection (NETC) programme has crossed 86 million in July 2020. It witnessed a sharp jump of 54% as compared to previous two months.
NETC FASTag is live on 693 toll plazas across India including 48 State toll plazas and 20 City toll plazas.
In July 2020, the transaction count of NETC FASTag stood at 86.26 million with transaction value Rs. 1623.30 crore, compared to a transaction count of 81.92 million and a transaction value of Rs. 1511.93 crore in June 2020.
Praveena Rai, Chief Operating Officer, NPCI said, “We are glad to witness NETC FASTag scaling new heights within 4 years of its inception. The interoperability of NETC FASTag has helped millions of vehicle owners get the seamless toll plaza experience. We at NPCI strive to make essential travel safer for customers and provide them with make contactless, hassle-free and convenient toll payments. We are confident that NETC FASTag will see an increased adoption in the future as it is also venturing into the state highways, city toll plazas and parking lots, enabling digital Contactless Toll Payment facility to local city residents as well.”
Recently NPCI announced the expansion of its 100% contactless and interoperable parking solution with NETC FASTag in major cities like Delhi, Mumbai, Chennai and Bangaslore. GMR Hyderabad International Airport has already launched the first of its kind contactless car parking facility with NETC FASTag to offer a 100% contactless parking payments experience for travellers.
NETC FASTag is a simple to use, reloadable tag fixed on the windscreen of a vehicle which enables automatic deduction of toll charges from the linked prepaid or savings account while the vehicle is in motion. A user receives an SMS alerts on his registered mobile number for all the transactions done in his tag account. The vehicle with NETC FASTag doesn't need to stop at toll plazas for toll payment, saving fuel and travel time.
NETC FASTag has been mandatory from December 1, 2019 at all National Highway Toll Plazas. NETC FASTag can also be purchased at toll plazas, select bank branches and online through e-commerce platforms. It can be recharged online through all payment channels including UPI, BBPS and cards.
What is FASTag and how does it work?