"After Hyderabad, the project will be launched at the Delhi airport. Other banks like SBI, Axis, HDFC and IDFC are also in talks with airports in Mumbai, Bengaluru and few of the malls to launch FASTag 2.0," it said.
The National Electronic Toll Collection programme, the flagship initiative of Ministry of Road Transport and Highways, has been implemented on pan India basis across national highway toll plazas.
It has given a major fillip to the Digital India initiative by converting cash toll payments to electronic and brought in an enhanced transparency in entire tolling ecosystem, the ministry said.
"The journey of FASTag 2.0 has many exciting use cases like fuel payments, enforcement (e-challan) payments, access management at offices and residence," it said.
"GST council has also mandated FASTag for all commercial vehicles which would be generating an e-way bill from April 1, 2020. This integration will be a big boost to GSTN as it would help in identifying the leakages with respect to non-issuance/ misreporting of E-way bill," it added.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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