RBI To Allow Non-Bank And UPI Methods For FASTags Payments
PYMNTS
DECEMBER 30, 2019
The tag will allow for the money to be deducted while the car is in motion, using radio frequency identification (RFID) technology. “The transactions in the NETC system can be performed without any Additional Factor of Authentication (AFA) and/or pre-transaction notification/alert,” RBI said.
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