Speed Post News Network
New Delhi : To ensure easier availability of FASTags, Indian Highways Management Company Ltd. (IHMCL), a company promoted by NHAI, will sign MoUs with state-run Oil Marketing Companies (IOCL, BPC, and HPC) on January 7, 2019. It will ensure availability of FASTags at petroleum outlets across India. In the first phase, the tags will be available across 50 Fuel Station in Delhi NCR, which will subsequently be expanded to outlets across India.
IHMCL has been mandated to implement the National Electronic Toll Collection Programme (NETC) in the country. The company launched the programme under the brand name “FASTag” in April 2016. It has achieved resounding success over the years and is now operational at over 450 toll plazas along the National Highways and select State Toll Plazas.
In the current NETC programme, FASTags are being issued by certified banks only through limited channels such as Point-of-Sale at NH toll plazas, online, and selected bank branches, etc. Recent government measures like proposed FASTag – GST integration and FASTag acceptance at all Toll Plazas in India, have led to an urgent need of scaling up the FASTag marketing channels.
To further supplement the strategy, IMHCL is also planning the launch of two mobile applications – MyFASTag and IHMCLPOS. These apps will enable customers to link the FASTags with their preferred bank account, recharge the FASTag via UPI platform, and also ensure that the tags are bank neutral. IHMCL is also striving for the vision of One Nation – One Tag by aligning with various State Authorities/SPV to ensure that FASTag becomes the preferred digital payment instrument at State/Municipal Plazas. Twenty-six toll plazas located across Maharashtra, Madhya Pradesh, and Hyderabad have been already covered under the scheme, while discussions are on with other State Government/agencies to help in achieving the vision of cashless economy running on a Digital India platform.
These measures will eventually help NHAI cater to its commitment of providing a safe, smooth and seamless journey to commuters on National Highways , according to a PIB release.
… [Trackback]
[…] Find More to that Topic: thespeedpost.com/nhai-to-collaborate-with-oil-marketing-companies-for-issuance-of-fastags/ […]
… [Trackback]
[…] Find More to that Topic: thespeedpost.com/nhai-to-collaborate-with-oil-marketing-companies-for-issuance-of-fastags/ […]