Google Pay-ICICI Bank FASTag: ICICI Bank introduced a collaboration with Google Pay which is able to enable customers to purchase FASTag by way of UPI on the funds app. This will enable customers to order, monitor, and recharge ICICI Bank FASTag digitally by way of the UPI on the funds app itself. This initiative will make sure the security of customers as it’ll put an finish to visiting the retailers in individual, and going to toll areas to purchase a FASTag. With this collaboration, the ICICI Bank has change into the primary financial institution to affix associate with Google Pay for issuing FASTags. It will even strengthen digital funds for FASTag. (Also Read: Government Announces Mandatory FASTag From January 2021 )
ICICI Bank not too long ago built-in FASTag at Mumbai toll plazas and parking lot on the Hyderabad International Airport, so as to advertise the adoption of a contactless, secure, and hassle-free transaction expertise for commuters, and to encourage the utilization of FASTag. ICICI financial institution was the primary to launch the FASTag service nationally, on the Mumbai – Vadodara hall, in 2013.
FASTag carries out digital tolling and different ancillary tasks of National Highway Authorities of India (NHAI). The National Payments Corporation of India (NPCI), Indian Highways Management Company Limited (IHMCL), and the NHAI are working collectively to make state and nationwide freeway toll funds utterly digital.
Users can avail FASTag from Google Pay by following these 5 steps:
- Open Google Pay and click on on ‘ICICI Bank FASTag’ below ‘Businesses’
- Click on ‘Buy new FASTag’
- Enter your PAN, RC copy, automobile quantity, and handle particulars
- Verify cell quantity by way of OTP
- Proceed for cost. Order will get positioned as soon as the cost is finished.
Customers of ICICI Bank can avail FASTag utilizing the financial institution’s digital channels of banking together with iMobile app, web banking, InstaBIZ app, Pockets app, or by visiting the closest financial institution department. FASTag could be reloaded with funds on-line utilizing the ICICI Bank’s UPI, and NEFT platforms. Users who will not be the shoppers of ICICI Bank can buy the FASTag utilizing the Pockets app or by visiting www.icicibank.com/fastag.
“NETC FASTag is a vital milestone in bringing the efficiencies of digital funds into transit and making interstate journey frictionless. We are very happy to be becoming a member of palms with ICICI Bank to increase the power of NETC FASTag buy to hundreds of thousands of customers throughout India by way of Google Pay,” stated Mr. Sajith Sivanandan, Business Head, Google Pay.
“With the elevated adoption of digital funds in all walks of life, we consider that this collaboration will assist Google Pay customers to use for a brand new FASTag by way of UPI and get it delivered freed from price at their door step. The affiliation comes useful for Google Pay clients, even when they aren’t clients of ICICI Bank, through the pandemic because it permits them to order and obtain FASTag in a seamless and contact-less method,” stated Mr. Sudipta Roy, Head- Unsecured Assets, ICICI Bank.
Meanwhile, Minister for Road Transport and Highways Nitin Gadkari, not too long ago introduced on December 24, that FASTag is being made obligatory for all autos throughout the nation from January 1, 2021. He added that FASTag will show to be helpful for commuters as they won’t have to cease at toll plazas for money funds and it’ll additionally save time and gas.