Friday, February 21, 2020

Paytm bank partners with Ola, Uber for FASTags to 100,000 drivers

Paytm Payments Bank (PPB) on Friday that it has entered into a strategic partnership with Ola and Uber. The aim of this partnership is to empower one lakh drive-partners to use FASTags and commute across the country.

Paytm Payments Bank (PPB) has set up 12 camps at Uber green zones across different cities for drivers to purchase and use FASTags. The bank is also working with Ola at Bengaluru airport and other local locations including Indira Nagar, Davanahalli, and electronic city transport hubs to accelerate the adoption of electronic toll payments in India. The Paytm FASTags do not require any separate prepaid account to be created for the drivers.

The money for toll payments automatically get debited from Paytm wallet and the balance can also be used for shopping, recharges, bill payments and other services also.

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