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Banking And Finance

SIB's Fast Tag makes digital toll payments at NHs

By  CL Jose February 10, 2018
Kochi:``National Electronic Toll Collection- Fast Tag,’’ a new product launched by South Indian Bank will facilitate digital toll payment for motorists across National Highways in the country. The product, which was formally launched in Kochi, enables the public to seamlessly travel through toll gates avoiding serpentine queue. The pre-loaded RFID FAST Tag placed on the windshield of the vehicle on passing through the toll gates, get read by the RFID reader at the toll gate and the toll amount is deducted automatically.
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CL Jose
Written By

CL Jose

Editor at Business Benchmark News

Have been in the financial media since the early 90s, starting with Financiall Express in Mumbai. Worked in Mumbai editions of Business Standard and Observer of Business and Politics. I spent most of my journalistic career in the GCC - Saudi Arabia, Oman and UAE with various business newspapers, mostly covering banking and finance.