Unocoin has launched its new app feature, which enables payment for FASTag using cryptocurrency
In August, the crypto exchange had introduced a gift voucher feature which allows users to shop from 90+ brands
At the moment, the startup claims to have over 1.38 Mn cryptocurrency users on its platform
Bengaluru-based crypto exchange Unocoin has enabled FASTag payment services for its users. The startup posits that the feature will allow crypto users to recharge their FASTag accounts.
FASTag provides cashless toll collection across highways and toll roads via an electronic device which is operated by the National Highway Authority of India (NHAI). It uses radio frequency identification, aka RFID to make toll payments directly from prepaid wallets or linked savings accounts. In 2019, the Society of Indian Automobile Manufacturers (SIAM) mandated FASTag chips on toll booths across national highways.