PhonePe says that the company has served more than 6 million FASTag customers on the app so far.
PhonePe says it is working to further expand bank coverage to meet the needs of its “fast-growing” user base.
- News18.com
- Last Update:August 23, 2021 13:57 IS
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Digital payments platform PhonePe has announced that the platform now allows users to do FASTag recharge directly with 26 partner banks. The development will be especially convenient for those who do not use UPI payments for recharge. The company says that PhonePe has served more than 6 million FASTag customers on the app so far. In a press note, the digital payments company said that “FASTag recharge witnessed a three-fold increase in July 2021 as compared to December 2020.” The rapid growth was due to the integration and addition of GST e-way bill with FASTag. New features for customers to use FASTags. These include paying for parking at shopping malls and paying for fuel at petrol pumps. Additionally, a deadly second wave of growth may be followed by the opening up of the economy amid the COVID-19 pandemic. April and May.
Speaking on the development, Business Director at phonepeAnkit Gaur said that the company is happy to offer “the most comprehensive bank coverage” for FASTag recharge in the industry. “We are working to further expand the bank coverage to meet the needs of our rapidly growing user base,” he said. Added to press note.
The app promises to offer simple steps to recharge FASTag. To recharge through a participating bank, click on ‘View More’ from the Recharge & Pay Bills section on the homepage. Select FASTag recharge and then select the issuing bank. Users have to enter their vehicle number and click on confirm. After that, enter the amount for which you want to recharge your FASTag and proceed for payment.
Earlier in July, PhonePe announced Partnership with Walmart-owned Flipkart Flipkart to launch contactless ‘scan and pay’ for pay-on-delivery orders. The digital payments company says its QR code solution will enable customers who had earlier opted for cash on delivery at the time of delivery, to make digital payments through any UPI app at the time of delivery. This will help reduce personal contact while ensuring security and promote contactless payments for customers who are traditionally more comfortable with cash on delivery.
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