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Businesswire
Toll Payments Go Digital With FasTag on Rajiv Gandhi Sea Link; IDFC Bank Appointed as Acquirer
December 12, 2018
Business Wire India
The Sea Link is the first toll plaza in Maharashtra, under the governance of Maharashtra State Road Development Corporation Ltd. (MSRDC) to launch FasTag services for electronic toll collection, thus ensuring seamless payments on-the-move.
FasTag will enable commuters to use the Sea Link without having to stop and pay the toll in cash, thus making the payment experience fast, convenient and efficient.
The RFID technology for FasTag on the Rajiv Gandhi sea link has been powered by IDFC Bank, which has been appointed as an acquirer for the electronic toll collection by MEP Infrastructure Developers Ltd., the organisation managing the toll plaza.
To avail of the facility, motorists need to paste the RFID compliant FasTag on the windshield of the vehicle. The information on the tag is passively read by the RFID antennae installed at the toll plaza and subsequently the toll is debited for that journey, as per charges for the type of vehicle.
The acceptance of FasTags is set to resolve issues relating to delays and increase in fuel consumption at the sea link as motorists wait their turn to pay. Over 32,000 vehicles cross the 4.7 kilometer Rajiv Gandhi sea link daily.
The Fastag program was jointly launched by National Highway Authority of India (NHAI), Indian Highways Management Company Ltd. (IHMCL) and National Payments Corporation of India (NPCI) as a medium to accept toll fare across all National Highway plazas. Today, over 36 lakh FasTags are accepted at over 430 National Highway toll plazas.
Source: Businesswire
- Sea link is the first toll plaza in Maharashtra under MSRDC governance to digitize payments using RFID (radio frequency identification) FasTags
- IDFC bank has been appointed as an acquirer for electronic toll collection transactions at the Rajiv Gandhi Sea Link bridge
The Sea Link is the first toll plaza in Maharashtra, under the governance of Maharashtra State Road Development Corporation Ltd. (MSRDC) to launch FasTag services for electronic toll collection, thus ensuring seamless payments on-the-move.
FasTag will enable commuters to use the Sea Link without having to stop and pay the toll in cash, thus making the payment experience fast, convenient and efficient.
The RFID technology for FasTag on the Rajiv Gandhi sea link has been powered by IDFC Bank, which has been appointed as an acquirer for the electronic toll collection by MEP Infrastructure Developers Ltd., the organisation managing the toll plaza.
To avail of the facility, motorists need to paste the RFID compliant FasTag on the windshield of the vehicle. The information on the tag is passively read by the RFID antennae installed at the toll plaza and subsequently the toll is debited for that journey, as per charges for the type of vehicle.
The acceptance of FasTags is set to resolve issues relating to delays and increase in fuel consumption at the sea link as motorists wait their turn to pay. Over 32,000 vehicles cross the 4.7 kilometer Rajiv Gandhi sea link daily.
The Fastag program was jointly launched by National Highway Authority of India (NHAI), Indian Highways Management Company Ltd. (IHMCL) and National Payments Corporation of India (NPCI) as a medium to accept toll fare across all National Highway plazas. Today, over 36 lakh FasTags are accepted at over 430 National Highway toll plazas.
Source: Businesswire
