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ICICI Bank, PhonePe Tie Up For Issuance Of FASTags

Sumit Arora Published On April 3rd, 2021 Leave a comment

ICICI Bank and PhonePe announced their partnership for the issuance of FASTag using UPI on the PhonePe App. This integration allows over 280 million registered PhonePe users to order and track the ICICI Bank FASTag conveniently on the app.

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PhonePe users, who may be customers of any bank, will have a fully digitised experience as they don’t have to visit physical stores or toll locations to buy a FASTag. ICICI Bank is the first bank to partner with PhonePe for the issuance of FASTag. NPCI, IHMCL and NHAI are working together to make toll payments fully digital.

Important takeaways for all competitive exams:

ICICI Bank Headquarters: Mumbai, Maharashtra.
ICICI Bank MD & CEO: Sandeep Bakhshi.
ICICI Bank Tagline: Hum Hai Na, Khayal Apka.
CEO of Phonepe: Sameer Nigam
Headquarters location of Phonepe: Bengaluru, Karnataka.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.