E-payments account for Toll Collection
National Payments Corporation of India (NPCI) on Tuesday said that E-Toll Collection via Fastags now accounts for 25% of total toll collected in India.
BENGALURU: National Payments Corporation of India (NPCI) on Tuesday said that e-toll collection via Fastags now accounts for 25% of total toll collected in India, and it hopes to increase this number to 50%.
From average daily transactions of 30,000 in January 2017, NPCI said their system – National Electronic Toll Collection (NETC) – handles 8.62 lakh transactions daily.
NPCI said it is working towards getting state and city toll plazas to accept Fastags, apart from the national highways toll network of 496 plus tolls points.
For NPCI, one of the challenges has been increasing user adoption of its RFID tags for toll payment. From a handful of banks, today 22 banks have issued 4.6 million Fastags.