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  1. Paytm launches FASTag recharge service, check all details

Paytm launches FASTag recharge service, check all details

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2 min read • Updated: March 27, 2024, 11:35 AM

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Paytm launched a new FASTag recharge and purchase services on its app. The move comes after RBI banned Paytm Payments Bank last month.

Paytm home page displaying FASTag relevant tabs.
Paytm launches FASTag recharge and purchase service.

Paytm has launched two new services to ease customer convenience related to recharge and purchase of FASTag. The company has launched a direct FASTag recharges through its app, enabling customers to avoid more tedious offline methods. Paytm also added that vehicle owners can now apply for fresh FASTags under the new updates.

The move comes after Paytm Payments Bank faced regulatory hurdles last month from the RBI for KYC non-compliance. Following this users were were trying to navigate their recharges and how to manage their FASTags which were purchased on the app.

What is the step-by-step process to recharge FASTag on Paytm?

To directly recharge your FASTag via the app, click on the “Recharge FASTag" option on the bill payments tab. Select your Bank and add the FASTag-linked vehicle number. Add the recharge amount and pay the same to complete the FASTag recharge process.

To purchase a new FASTage search for the ‘BUY HDFC FASTAG’ button. Add vehicle details and the recharge amount. The FASTag sticker will be delivered to your address once the process is completed.

Shares of Paytm's parent company One 97 Communications were trading in green on Wednesday. Stock was up 0.39% at ₹400.00.

FASTag is a device that uses RFID technology to make the toll payment directly while the vehicle is in motion. It curbs cash transactions at the booth and leads to a more efficient toll-collection process.

Union Minister for Road Transport and Highways minister Nitin Gadkari had earlier announced the government's plans to introduce a GPS-based toll collection system. This system would replace the current FASTag system which uses a RFID to automatically cut toll payments at toll plazas. However, any concrete plans or timeframe to launch such a system has not been revealed.