QuikWallet launch Fastag linked with RuPay card to Utilize FASTag balance Online, POS, ATM payment

QuikWallet launch Fastag linked with RuPay card to Utilize FASTag balance on fuel, food, gifts, and all types of expenses:

Note - QuikWallet also launch Wallet UPI payment, I think you can also use QuikWallet FASTag balance through UPI payment.

Powered by LivQuik, QuikWallet is India’s first non-banking PPI to get a FASTag issuer license from NETC. The FASTag wallet is linked to a RuPay-powered prepaid card.

With QuikWallet, FASTag balance can be used to pay for all expenses incurred during a trip. It helps fleet owners manage funds easily. Right from fuelling the vehicle to servicing/repairing it, and from paying the tolls to parking the vehicles, this single wallet solution can be used by drivers for all payments. This capability makes QuikWallet the first-of-its-kind Single Source of Trip Payments wallet for fleet owners & transporters.

Until now, money in most FASTag accounts is used only for the purpose of toll payments. Other than that, the money in the account remains unused. This reduces the efficiency of fund management for fleet operators. By using QuikWallet FASTag, these challenges can be easily addressed. The wallet can be used as a single source for all fleet-related payments for the entire trip.

How does QuikWallet work?

QuikWallet FASTag card works just like a FASTag account but with a lot more benefits. Fleet owners get free RuPay virtual cards and a physical card for a nominal fee. This single wallet (FASTag + Card) can be used for transactions across tolls and any card-accepting system i.e., e-commerce, POS, and ATM. The wallet can be conveniently recharged through any digital payment channel that includes UPI, IMPS, NEFT, RTGS, and UPI with zero loading charges. The platform has open APIs to integrate with other stakeholder platforms as well as a web-based portal allowing advanced account management facilities for the wallet with features like account blocking, limit management, PIN change, and transaction history display.

Key features

Customized offerings for efficient fleet payments

Fleet owners can onboard multiple vehicles and manage the allocation of funds through a single virtual account. The wallet also gives an end-to-end trip expense management solution for fleet owners and drivers through APIs as well as a simplified web-based portal. Apart from directly serving the fleet owners, QuikWallet FASTag Platform integration also benefits the stakeholders, i.e., fleet aggregators, telematics companies & fintechs associated with the fleet industry to add a layer of payments across their offerings.

Get India's first multipurpose FASTag today! Visit our website

News Source - https://www.linkedin.com/pulse/introducing-quik...