India's Paytm Payments Bank has gained central bank approval to function as a scheduled payments bank, it said on Thursday, helping it to expand its financial services operations. As a scheduled payments bank, Paytm Payments can participate in government and companies’ request for proposals, primary auctions, fixed-rate and variable rate repos, and reverse repos, along with
»Paytm Payments Bank Has Issued Over 6 Million FASTags & Enabled Cashless Payments on 250 Toll Plaza s
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Paytm Payments Bank Has Issued Over 6 Million FASTags & Enabled Cashless Payments on 250 Toll Plaza s
FASTag contactless payments system is now mandatory for all vehicles for paying the toll charges while crossing any toll plazas across national highways in India, from February 15.
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FASTag has been in the news these days. With the government extending the deadline for making FASTag mandatory on highways, people have been hearing a lot about FASTags in the news, on the internet, and around their own social circles. Given that the topic is trending, India s Paytm Payments Bank took the opportunity to boast about its feat of becoming the leading issuer of FASTag in the country with over 6 million FASTags being issued via Paytm Payments Bank. Further, Paytm said that its Payments Bank has enabled cashless toll payments across 250 toll plaza s in the countr