"fastags"

Paytm on February 9 announced setting up of a group advisory committee headed by Damodaran.

The central bank, on January 31, directed it to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other instruments after February 29.

Asked if banks can partner with Paytm wallet, he said it is a business decision and they have to carry out required due diligence as per their board-approved policy.

On March 11, 2022, the RBI had barred PPBL from onboarding new customers with immediate effect.

NHAI initiates action following reports of multiple FASTags issued for a single vehicle and issuance without KYC, violating RBI mandate.

Under the partnership, the issuance of FASTag will take place by using UPI on the PhonePe app.