Paytm Payments Bank Limited has so far issued more than 50 lakh Fastags. With this, Paytm Payments Bank has emerged as the largest provider of digital toll payments in the country.
The bank is aiming for a 100 percent increase in Fastag sales and the acquisition of 100 toll plazas in the next three months. Paytm Fastag does not require a separate prepaid account other than Fastag issued by other banks. Money is auto-debited from Paytm wallet for toll payment.
It can be purchased with minimum documents such as vehicle registration number and certificate. The bank sends Fastag to the buyer's registered address for free. The bank has now set up more than 20,000 camps to make people aware of cashless payments at toll plazas.