PhonePe offers largest bank coverage for FASTag recharges

Posted On Tue, August 24, 2021, 11:18 AM

India:  PhonePe, India’s largest digital payments platform today announced that it now offers the most comprehensive bank coverage for FASTag recharges in the industry with 26 issuing banks live on the app currently. This provides unmatched convenience to crores of vehicle owners across the country while recharging their FASTags.

PhonePe has served over 6 million unique customers who have recharged their FASTags on the app so far. It saw a three-fold rise in FASTag recharges in July 2021 in comparison to December 2020. The rapid growth was on account of GST e-way bill integration with FASTags and addition of new avenues for customers to use FASTags. These include paying for parking at shopping malls and fuel payments at petrol pumps.

Commenting on the development, Ankit Gaur, Director of Business, PhonePe said, “We are delighted to offer our customers the widest bank coverage for FASTag recharges in the industry today. PhonePe has become the preferred destination for FASTag recharges with superior user experience, industry-leading transaction success rates and ease of managing multiple FASTags at one place. We are working to expand the bank coverage even further to cater to the needs of our fast-growing user base.”  

Customers can recharge their FASTags on PhonePe in a few simple steps :-

Step 1: Click on “View More” from the Recharge and Pay Bills section on the homepage

Step 2: Click on “FASTag Recharge”

Step 3: Select your issuing bank

Step 4: Enter your vehicle number and click confirm

Step 5: Enter the amount for which you want to recharge your FASTag and proceed to payments

This press release is posted under categories Digital Payment, Business

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