Fastags sales are in full swing in the country, according to data from the National Payments Corporation of India (NPCI), by the end of November, tag sales crossed 79 lakh. According to the data, in November 2019, Fastag had 3.49 lakh transactions, the value of which was 773.95 crores, while in October 2019, the figure was 3.14 lakhs, with a value of 702.95 crores. Presently, 24 banks in Patriot are using the National Electronic Toll Collection Platform.
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According to the data, electronic toll collection on national highways earlier this year was 25 percent, which has now reached 40 percent. At the same time, 11 lakh transactions worth 20-25 crores are done daily through fastags at the toll plaza of NHAI. According to data from the Ministry of Road Transport, the highest number of 1,35,583 tags were issued on November 26, while 1.03 tags were issued the day before. It is believed that such a jump in the sales of Fastags has come after reducing its prices. The ministry says that cashless payments can be made through them at 560 toll plazas.
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It is worth noting that the sale of Radio Frequency Identification Tags i.e. Fastag has increased by 24 percent. 79.01 lakh Fastags were sold in November, while in October this figure was 63.71 lakh units. In November, more than 1.5 million fastags were sold. The government launched the FASTAG program in 2017 to make cashless payments to avoid jamming toll plazas.
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