Categories: Banking

Paytm Payments Bank crosses 1 crore FASTags mark

Paytm Payments Bank has become the first bank in the country to achieve the milestone of issuing 1 crore FASTags. According to the National Payments Corporation of India (NPCI), over 3.47 crore FASTags were issued by all banks together till the end of June 2021. Paytm Payments Bank (PPBL) now has close to 28 per cent share as FASTag issuer bank. In the last 6 months alone, PPBL has equipped over 40 lakh commercial & private vehicles with FASTags.

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Besides this, Paytm Payments Bank is also India’s largest acquirer of toll plazas for the National Electronic Toll Collection (NETC) program offering an interoperable nationwide toll payment solution. According to PPBL, 280 out of the total 851 toll plazas across the national and state highways are now using its payment gateway to collect toll charges digitally.

Important takeaways for all competitive exams:

Paytm HQ: Noida, Uttar Pradesh;
Paytm Founder & CEO: Vijay Shekhar Sharma;
Paytm Founded: 2009.

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Sumit Arora

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.