National Electronic Toll Collection achieves 25 per cent digital transactions at toll plazas
Implementation of NETC system has completely changed the way various toll plazas operate within the country, whether run by the National Highways Authority of India (NHAI) and private operators (Concessioners). Total number of FASTags issued under this program has touched 28.79 lakhs in the month of August 2018. The total value of NETC transactions processed in August 2018, stood at Rs 463.88 crores with a daily average of Rs. 15.46 crores. Daily transaction volumes have been steadily growing from 30 thousand in December 2016 to a daily average of 6.80 lakh transactions in August 2018.
National Electronic Toll Collection (NETC) system is a platform created by NPCI for processing toll payments electronically. It’s an interoperable system working with different issuer and acquirer banks and toll plazas working with different proprietary toll management system (TMS).