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Cars and commerce - How payment gateways in cars are changing

Business Insider · 1y

FasTag technology, initially used for toll tax payments, is now expanding to include payments for fuel and food transactions. Startups like Numadic are playing a key role in enabling this ecosystem by introducing new products. As of January 2021, there are 54.6 lakh cars in India using FasTag, and the system has expanded to cover 1,228 toll plazas. Numadic has partnered with Hindustan Petroleum and Indian Oil to implement FasTag for fuel payments, handling close to $1 million in vehicle transactions daily. The future of gateway payments in cars is expected to grow further.