Paytm has been prohibited from acquiring any additional toll plazas that are a part of the National Electronic Toll Collection which includes the whole national highway network
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As per a report, Paytm Payments Bank has been prohibited from issuing and top-up FASTags. The stated reason for the ban is Paytm’s failure to adhere to the guidelines outlined in the service-level agreement (SLA) by the Indian Highways Management Company Ltd (IHMCL), the branch of NHAI that handles toll-related issues.
According to the report, Paytm has been prohibited from acquiring any additional toll plazas that are a part of the National Electronic Toll Collection which includes the whole national highway network.
The key reason for the bar was Paytm’s failure to meet the standards outlined in their Service Level Agreement (SLA) with the Indian Highways Management Company (IHMCL) which is the agency responsible for toll collections on national highways.
Another major reason to ban Paytm Payments Bank from issuing and recharging FASTag is mismanagement and delays in settling toll payments. IHMCL has taken this step to ensure timely settlement of toll payments as it is very crucial for efficient highway operations and delays by Paytm could cause financial issues for IHMCL.
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Up till now only news is of acquiring the new customers but can be worse if they do not comply with the highway authorities. Lets see what way it goes.
it happened to me also one time with paytm fastag, they deducted the amount after a week from the toll i crossed a week ago, so maybe they are delaying in settling the payments too, no one knows.
Ofttopic
Does anyone know when Paytm will start onboarding new customer for wallet and payment Bank?
Jaldise corporate kro paytm. Mera cashback earning band na ho jaye😤😤😤😤😤😤
This update is already posted
sub paytm ke piche q pade hain
Looks like some deep sh*t politics. Many other tag issuers with similar breach of rules unaffected. Paytm being targeted repeatedly...
that n1gga buffet forget to pay hafta to that tea seller
will it work or not?