Soon, Fastags, the government issued smartcards used for paying toll on highways, can also be used to buy fuel. IDFC First Bank has become the first one to get an approval from the RBI for this.
While a name for the new version of Fastag is yet to be finalised, it is being internally called as — Fastag version 2.0, said a source.
Fuel and toll are usually the top two items that truck drivers spend on during their journey, necessitating carrying cash. But soon, a truck driver can use Fastag to not only pay for tolls on highways, but also to refuel.
This is one of the many steps the government is taking to nudge highway users to adopt cashless transactions.
