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BlackBuck partners with IDFC and Yes Bank to provide FASTag

BlackBuck partners with IDFC and Yes Bank to provide FASTag

BlackBuck, the online trucking platform, has partnered with private lenders "IDFC Bank" and "Yes Bank" on 28 November 2019. The partnership aims to provide FASTags to truck owners free of cost.

Key Points:

  • FASTag is an electronic toll collection system. The prepaid rechargeable tags that employ Radio Frequency Identification technology for making toll payments directly from the prepaid or any savings account that are linked to it or directly toll owner.
  • With this, the truck owners can order FASTags on BlackBuck's Boss App. It will be delivered at their doorstep free of cost until 31 December 2019. 
  • This initiative would help over 3 million trucks in India become FASTag compliant.
  • This move will support the government's national electronic tolling agenda. 
  • It is expected that it will reduce tolling times and revolutionise the logistics sector in India.
  • Also, it has been announced that from 1 December 2019 all lanes of free plazas on national highways will be FASTag lanes.

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