New Delhi, December 14: Digital payment platform Paytm has announced its partnership with major NHAI toll concessionaries like Reliance Infra, Sadhbav, IRB, MEP, L&T and GMR. With this partnership, commuters across the country can now pay their toll charges instantly with Paytm by simply scanning the QR code placed at the toll payment counters using the Paytm app. In a bid to enable cashless payment of toll charges, digital payment and e-commerce platform Paytm took a major step.
With move, millions of daily commuters can bid goodbye to the worries associated with dealing in cash. Launching the digital payment mode of toll charges, Kiran Vasireddy, Senior Vice President of Paytm said that concerning the fact that hundreds of thousands of vehicles use the nation’s highways for their daily commute, Paytm’s latest partnership will change the way everyday transactions take place in the country and push its economy towards becoming a truly cashless.
Pointing out other benefits of using Paytm transaction, he said the move will also bring down traffic snarl and pollution level besides contributing in digitization of transportation sector.
“Dealing in loose change at toll plazas has become a major challenge for commuters and toll attendants as it slows down traffic and leads to excess fuel combustion and pollution. Now users can pay toll tax with Paytm at all major toll plazas across the country, enabling the transportation sector transition to a digital economy,” he added.
Through this initiative, the company is aiming to cover over five lakh vehicles per day by end of the financial year, it said in a statement. Currently, over a million offline merchants across India now accept Paytm as their preferred payment mode, Paytm claims.