Digital payments platform Paytm has announced partnership with major NHAI toll concessionaries like Reliance Infra, Sadhbav, IRB, MEP, L&T and GMR to enable cashless payments at all state, national and city toll plazas.
- With the partnership, commuters across the country can now pay their toll charges instantly with Paytm by scanning the QR code placed at toll payment counters, using Paytm app.
- Through this initiative, the company is aiming to cover over five lakh vehicles per day by end of the financial year, Now users can pay toll tax with Paytm using code-based cashless payments across 6000+ lanes across the country, enabling the transportation sector transition to a digital economy.
- Currently, over a million offline merchants across India now accept Paytm as their preferred payment mode, Paytm claims.
Paytm is an Indian e-commerce website headquartered in Noida, India. It was launched in 2010 and adds to the industry of FinTech in India.
- It is owned by One97 Communications. The firm started by offering mobile recharging, adding bill payment and e-commerce, with products similar to businesses such as Flipkart, Amazon.com, Snapdeal. In 2015, it further added booking bus travel. Paytm also launched movie ticket booking by partnering with Cinépolis in the year 2016