NETC FASTag crosses

NETC FASTag crosses 86 million transactions in July 2020

NETC FASTag transaction count witnessed a jump of 54% in two months

More than 18.09 million issuance of NETC FASTag since inception
Currently 26 member banks are issuing NETC FASTag
NETC FASTag is live on 693+ toll plazas across India out 48 are State toll plaza and 20 are City toll plaza 

National Payments Corporation of India (NPCI) said that the transaction count of NETC FASTag under the National Electronic Toll Collection (NETC) programme has crossed 86 million in July 2020. It witnessed a sharp jump of 54% as compared to previous two months.

In July 2020, the transaction count of NETC FASTag stood at 86.26 million with transaction value Rs. 1623.30 crore, compared to a transaction count of 81.92 million and a transaction value of Rs. 1511.93 crore in June 2020.

Praveena Rai, Chief Operating Officer, NPCI said, “We are glad to witness NETC FASTag scaling new heights within 4 years of its inception. The interoperability of NETC FASTag has helped millions of vehicle owners get the seamless toll plaza experience. We at NPCI strive to make essential travel safer for customers and provide them with make contactless, hassle-free and convenient toll payments. We are confident that NETC FASTag will see an increased adoption in the future as it is also venturing into the state highways, city toll plazas and parking lots, enabling digital Contactless Toll Payment facility to local city residents as well.”

Recently NPCI announced the expansion of its 100% Contactless and Interoperable Parking Solution with NETC FASTag in major cities like Delhi, Mumbai, Chennai and Bengaluru. GMR Hyderabad International Airport has already launched the first of its kind contactless car parking facility with NETC FASTag to offer a 100% Contact Less and Safer parking payments experience for travellers.

NETC FASTag is a simple to use, reloadable tag fixed on the windscreen of a vehicle which enables automatic deduction of toll charges from the linked prepaid or savings account while the vehicle is in motion. A user receives an SMS alerts on his registered mobile number for all the transactions done in his tag account. The vehicle with NETC FASTag doesn't need to stop at toll plazas for  toll payment, saving fuel and travel time.

NETC FASTag is mandatory from 1st December 2019 at all National Highway Toll Plazas. NETC FASTag can also be purchased at toll plazas, select bank branches and online through e-commerce platforms. It can be recharged online through all payment channels including UPI, BBPS and cards.

NPCI is focused on bringing innovations in the retail payment systems through use of technology and is relentlessly working to transform India into a digital economy. It is facilitating secure payments solutions with nationwide accessibility at minimal cost in furtherance of India’s aspiration to be a fully digital society.

For more information, visit: https://www.npci.org.in/

NPCI plans expansion of its

NPCI plans expansion of its 100% contactless and interoperable parking solution with NETC FASTag in metros

·         With a great response from the first-of-its kind contactless car parking facility at Hyderabad Airport, NPCI is taking this unique service to Delhi, Mumbai, Chennai and Bengaluru

·         NPCI is in discussion with malls, airports and parking lots in Delhi & Bengaluru to implement contactless car parking

National Payments Corporation of India (NPCI) today announced the expansion of its 100% Contactless and Interoperable Parking Solution with NETC FASTag in major cities like Delhi, Mumbai, Chennai and Bengaluru. As the first bank to extend this facility of collecting parking charges through FASTag at the GMR Hyderabad International Airport, ICICI Bank with NPCI, is set to roll out contactless car parking in other metros.

The unique facility of 100% Contactless and Interoperable Parking Solution with NETC FASTag is currently being implemented by 10 FASTag issuing banks at the GMR Hyderabad International Airport. NPCI expects the rest of the issuer banks to activate the contactless parking with NETC FASTag at the Hyderabad Airport in the next few weeks.

NPCI is now geared-up to expand the contactless car parking facility in Mumbai and Delhi. It has also initiated discussions with major malls, airports and other private parking lots in Chennai and Bangalore for the NETC FASTag powered contactless car parking solutions. The company has been receiving interests from major banks in spearheading the parking projects.

Mr. Sudipta Roy, Head - Unsecured Assets, ICICI Bank, said, “ICICI Bank has always been at the forefront of introducing innovative technology for a world class customer experience. We are happy to partner with the GMR-managed Rajiv Gandhi International Airport to enable a FASTag powered parking management system. This is a safe, contactless and hassle-free system. It works on RFID technology that also powers digital toll collection at more than 695 toll plazas across the country. We feel that commuters using Hyderabad Outer Ring Road and now the airport parking will get a seamless experience powered by ICICI Bank FASTag.”

Mr. Pradeep Panicker, CEO, GHIAL, said, “As part of our commitment to providing a safe airport experience during Covid-19 pandemic, we are happy to announce that now passengers and visitors can avail a fully contactless car parking experience thanks to the collaboration with NPCI and NETC, which has now made our car parking fully compatible with any NETC FASTag Issuing Banks in India. We have tested first with ICICI Bank and now opening up to all the balance issuers. With this customers holding any bank NETC FASTag could zip through the airport car parking with zero-contact transactions having full control over their safe travels. While, the traditional mode of transaction with digital payment over-the-counter option will also be available, however, for more safety and contact-less experience, one could avail the NETC FASTag option at the airport car parking.”

Ms. Praveena Rai, COO, NPCI said, “We are going to see a good adoption of this solution across all the parking lots in the near future. We are aiming at taking this unique contactless parking proposition in metro cities keeping in mind the convenience of passengers and visitors. In this new normal during the COVID-19 pandemic situation 100% contactless payment solution is going to be the need of the hour. Our endeavour at NPCI is to provide customers across the country a safe, hassle-free and truly contactless vehicle parking experience with NETC FASTag.”

The contactless car parking facility allows passengers and visitors the comfort of paying for parking without the need to roll down their windows. While the parking lots across the country are being enabled with digital payment solutions, several models are semi-automated but not 100% contactless. This leads to an opportunity to all parking providers across the country to adopt a safe and contactless payment solutions by implementing the NETC FASTag. The NETC FASTag solution not only works in a post pay solution but also with a pre-paid mode of securing parking at any parking plaza. The parking applications can seamless integrate with the NETC FASTag API model and avail the benefit of Interoperability.

How the solution works:

This automated system entails a customer buying the NETC FASTag, which is linked to a prepaid account. The tag employs Radio-frequency Identification (RFID) technology and needs to be affixed on the vehicle's windscreen after the tag account is active. The RFID Tag is mapped with NPCI by the issuer bank(s). The subscriber of this system can use the parking without any manual intervention, such as waiting for a parking receipt at the entry or making cash/credit card payment at the exit. There is no additional cost to customers with respect to the parking fee. One has to just purchase a onetime tag which does away with the wait time at entry and exit.

Dedicated NETC FASTag lanes are in place. When a user arrives through this lane, the strategically placed RFID reader will capture the tag with the timestamp and store the details in the local data base. While exiting, the same will be reconciled and the chargeable parking fee is automatically deducted allowing the passengers to virtually zip through the parking lot in no time. Post completion of every transaction, user will receive SMS on the deducted amount.

For any parking integration requirements you may write to Parking.netc@npci.org.in