Friday, November 22, 2019

Now Purchase FASTag at Airtel Payments Bank and Makes Road Travel Friction Less


Airtel Payments Bank offers Rs 50 cashback on purchase of FASTag from Airtel Thanks App. Airtel Thanks customers will soon be able to enjoy exclusive benefit of an additional Rs 50 cashback from the bank.

Airtel Payments Bank, in partnership with the National Payments Corporation of India (NPCI) and the Indian Highways Management Company Limited (IHMCL), has made FASTag available across its digital and retail touch points. FASTag enables automatic cashless payments at toll plazas across India, making road travel frictionless and time efficient.

FASTag can be purchased in a matter of few clicks on the Bank section of Airtel Thanks App. Airtel Payments Bank is offering a special benefit of Rs 50 cashback on FASTag purchase made via the app. Airtel Thanks customers will soon be able to enjoy an additional benefit of Rs 50 cashback on the online purchase.

FASTag can also be purchased from select banking points of Airtel Payments Bank. To buy a FASTag customers need to share a copy of the vehicle’s Registration Certificate (RC) and registration number.

FASTag is linked to a registered Airtel Payments Bank account or wallet to enable instant automatic deduction of toll charges. There is no need to recharge FASTag separately and bank/Wallet balance is good enough. FASTag users also get 2.5% cashback from NHAI on all Toll payments done using FASTag

Mr. Ganesh Ananthanarayanan, Chief Operating Officer, Airtel Payments Bank, said, “We are delighted to partner with NPCI to offer FASTag as part of our endeavour to bring a range of popular services to our digital platforms and promote cashless payments. We believe that upcoming use cases from NPCI such as digital parking payments and even challan payments will add to customer convenience and add to the vibrant digital ecosystem that India is building.”

Ms. Praveena Rai, Chief Operating Officer, NPCIsaid, “It is good to witness that Airtel Payments Bank is making FASTag available to vehicle owners for convenient and seamless toll plaza experience. Given the fact that we are just few days away for the mandatory FASTag implementation on 528+ toll plazas, it becomes crucial to create awareness among vehicle owners about its process and advantages. We would like to acknowledge the efforts of Airtel Payments Bank for creating a platform for its customers by giving them a hassle free toll payment experience with FASTag, and also contributing towards digitisation of toll payments.”

Airtel Payments Bank Ltd.

Airtel Payments Bank, launched in January 2017, now boasts of a physical presence in all 29 states of the country through its 500,000+ banking points. Out of these, over 60,000 focus on insurance and pension products in an attempt to reach the underserved. India’s first payments bank, it currently facilitates transactions worth 500 billion annually with a user base of over 40 million customers. In addition to its physical banking points, Airtel payments Bank also offers its banking services through its Android and iOS apps. In line with the Government’s vision of Digital India and Financial Inclusion, Airtel Payments Bank is striving to take digital banking services to the doorstep of every Indian, even in the remotest of rural areas. 

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