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.
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.