Context:
Gro Digital Platforms, a logistics services platform jointly promoted by Ashok Leyland and Hinduja Leyland Finance, has signed a Memorandum of Understanding (MoU) with IDFC FIRST Bank to launch FASTag services for fleet operators across India.
FASTag Services
FASTag is an electronic toll collection (ETC) system in India, operated by the National Payments Corporation of India (NPCI) under the National Electronic Toll Collection (NETC) program, mandated by the Ministry of Road Transport and Highways (MoRTH). It uses Radio Frequency Identification (RFID) technology for automatic toll deduction without stopping at toll plazas.
Key Highlights:
- Unified Mobility Solution:
The collaboration will offer a tech-enabled solution that ensures:- Seamless toll payments
- Cashless transactions
- Real-time tracking
- Greater transparency in fleet operations
- Sadak Ka Saathi (SKS) Program Integration:
- IDFC FIRST Bank will utilize Gro’s SKS network to:
- Offer Roadside Assistance (RSA) to eligible FASTag users
- Use SKS points as nodal distribution centers for FASTags
- IDFC FIRST Bank will utilize Gro’s SKS network to:
About Gro Digital Platforms
- Established: 2021
- Function: Connects freight originators with fleet operators, offering value-added services like finance, maintenance, and digital tolling.
