"fastag"

India has made a significant progress on retail payment systems such as UPI, RuPay, BHIM, NACH, IMPS, Fastag, BBPS, *99#, CTS & AePS

The government said that it did not make FASTag mandatory overnight and had given incentives, including a 10 to 25 per cent cashback to users from 2016 to 2020.

FASTags, which facilitate electronic payment of fee at toll plazas, was introduced in 2016.

It had clocked a revenue of Rs 330 crore in the corresponding quarter last fiscal, it said in a statement.

Notably, category 'M' stands for a motor vehicle with at least four wheels used for carrying passengers, while category 'N' stands for a motor vehicle with at least four wheels used for carrying goods

This collaboration enables Google Pay users to order, track and even recharge ICICI Bank FASTag digitally on the payments platform itself.

Transport Ministry issues a notification making tag mandatory for four-wheelers including old vehicles