The National Highways Authority of India (NHAI) has started the process of migrating its 247 toll plazas where Paytm Payments Bank is the facilitator of toll collection, to other banks.
Paytm is performing the role of acquirer bank at these toll plazas – deducting fee from individual fastags then by using the National Payment Corporation of India (NPCI) collecting the money from the issuers of those fastags. By the end of the day all the fee collected is transferred to the highway operator by the acquirer bank.
