Paytm FASTags has facility auto-debit facility from wallet for users
New Delhi, Jan 14 (KNN) More than 3 million customers are using Paytm FASTags which is an Electronic Toll Collection (ETC) for a hassle-free commuting experience across India.
FASTags is an initiative by NHAI (National Highway Authority of India). The sticker comes fitted with RFID (Radio Frequency Identification), which helps the sensors on the toll plazas to automatically collect toll when a vehicle passes by.
FASTags are prepaid rechargeable tags for toll collection that allows automatic payment deduction from the FASTags, they are normally affixed on the windscreen of your vehicle.
But what made Paytm FASTags so convenient and distinguished it from Fastags issued by banks and others that it customers rose to 3 million with a short span of time and the most popular choice for seamless toll payments on more than 500 national and state highways.
The unmatched benefits for Paytm FASTag users inlcudes Pay directly from Paytm Wallet: Unlike FASTags issued by other banks, Paytm FASTags doesn’t require any separate prepaid account to be created. The money for toll payments gets auto-debited from Paytm Wallet and the balance can also be used for shopping, recharges, bill payments, etc.
A FASTags need minimum documentation. Users can purchase Paytm FASTags by only providing their vehicle's registration number and certificate. Yes, Whereas FASTags issued by other banks require the buyers to provide multiple documents like ID proof, photographs and other personal details.
Apart from receiving 2.5% cashback on all toll transactions done at NHAI plazas for the financial year 2019-20, our users of Paytm FASTag can also avail monthly cashback offers.
Our users do not need to pay a convenience fee on any transaction at the toll plazas or for adding money to their wallet, and can easily access the digital receipt of each transaction in the passbook section on their Paytm app. In addition to this, it is delivered free of cost at their registered address and therefore, one does not need to pay any shipping charges.