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In July 2020, the transaction rely of NETC FASTag stood at 86.26 million with transaction worth Rs. 1623.30 crore, in comparison with a transaction rely of 81.92 million and a transaction worth of Rs. 1511.93 crore in June 2020.
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NETC FASTag transaction rely witnessed a bounce of 54 per cent in two months
The National Payments Corporation of India (NPCI) has reported receiving over 86 million FASTag transactions below the National Electronic Toll Collection (NETC) programme, within the month of July 2020. With the entire rely reaching 86.26 million, the transaction worth for July 2020 stood at ₹ 1623.30 crore, as in comparison with the ₹ 1511.93 crore the toll assortment authority made in June 2020, with 81.92 million FASTag transactions. Interestingly, in comparison with the final two months, NPCI witnessed a pointy 54 per cent rise in FASTag transactions. The progress in utilization of FASTags may very well be seen as an impression of the COVID-19 pandemic, which could be prompting folks to make use of the contactless toll cost technique.
Also Read: Vehicles With Invalid Or Non-Functional Fastag To Pay Double The Toll Amount
Commenting on the event, Praveena Rai, Chief Operating Officer, NPCI stated, “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.”
Also Read: Pan-India FASTag Implementation Will Enable Seamless Vehicles Movement: SIAM
Since the launch of the programme in 2016, greater than 18.09 million NETC FASTags have been issued, it is energetic in over 693 toll plazas throughout India, out of which 48 are state toll plazas and 20 are metropolis toll plazas. As of now, 26 member banks are issuing NETC FASTags to prospects. FASTag turned obligatory from 1st December 2019 in any respect National Highway Toll Plazas.
Also Read: Coronavirus Lockdown: NHAI Resumes Toll Collection, Increases Fee
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Currently, NPCI is engaged on the growth of its 100 per cent contactless and interoperable parking answer with NETC FASTag in main cities like Delhi, Mumbai, Chennai and Bengaluru. GMR Hyderabad International Airport has already launched the primary of its variety contactless automotive parking facility with NETC FASTag, providing a safer parking funds course of for travellers.
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