RBI allows auto-refilling of FASTag, NCMC without pre-debit notification
Payments for auto-replenishment -- since they are recurring in nature but without fixed periodicity -- will be "exempt" from pre-debit notification requirement, says RBI
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August 2024
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RBI plans intelligence platform to curb payment frauds, allows auto refill in UPI Lite
The apex bank also announces the inclusion of recurring payments for FASTag, NCMC; revises the limit of bulk deposits for SCBs, small finance banks, local area banks
Paytm FASTag users can use balance to pay toll but no top-up after March 15: RBI
No funding or top ups will be allowed in the FASTags issued by Paytm Payments Bank after March 15, 2024.
Paytm Payments Bank removed from list of authorised lenders for FASTag
NHAI removes Paytm Payments Bank from the list of 30 authorised banks for the FASTag service.
Paytm hits record low as company denies ED probe
The fintech stock has declined 42% in the last three sessions, taking the Noida-based company's market capitalisation under ₹30,000 crore.
FASTag with incomplete KYC to be deactivated from Feb 1
The decision stems from recent reports received by NHAI of multiple FASTags being issued for a particular vehicle and FASTags being issued without KYC, which violates the mandate by the RBI.
