7.901 million FASTags had been issued until November 30, 2019, data released by the National Payments Corporation of India (NPCI) revealed. For comparison, 6.371 million FASTags had been issued until October 31, meaning that 1.53 million FASTags were issued in November alone. Transactions amounting to Rs 71.09 crore were made using FASTags in November. As of November 2019, 24 banks were live on the National Electronic Toll Collection Platform (NETC).
Thus far in 2019, FASTags have had transactions worth Rs 239.84 crore. Meanwhile, November also saw more than 3 million FASTags transactions, a significant increase over previous months. So far, 34.92 million FASTag transactions have taken place.
FASTags, originally introduced in 2014, are prepaid RFID tags which can be used to pay tolls on highways without stopping at the plaza, and the Ministry of Road Transport and Highways has mandated their use from December 15. The deadline to install FASTags was initially December 1, but it was postponed because several people hadn’t put up FASTags on their vehicles “due to various reasons,” the ministry had said in a statement.
Interestingly, as of November 18, 6.712 million FASTags had been issued, Transport Minister Nitin Gadkari had informed Rajya Sabha. This means that in less than 2 weeks, more than 1 million FASTags were issued. Gadkari had previously called FASTags the “Aadhaar for vehicles“.