Heena Sharma Blog

  ICICI Bank on Monday said it has joined hands with Google Pay for issuance of FASTag , a reloadable tag which enables automatic deduction of toll charges and lets users pass through the toll plaza without stopping for cash transactions. This collaboration enables Google Pay users to order, track and even recharge ICICI Bank FASTag digitally on the payments platform itself. "With the increased adoption of digital payments in all walks of life, we believe that this collaboration with Google will help Google Pay users to apply for a new FASTag and get it delivered free of cost at their doorstep," Sudipta Roy, Head -- Unsecured Assets, ICICI Bank, said in a statement. "We believe that this initiative will go a long way in increasing adoption of FASTag for toll payments." FASTag is a brand name owned by Indian Highways Management Company Ltd. (IHMCL), which carries out electronic tolling and other ancillary projects of National Highway Authorities of India (N...

The messaging app will partner HDFC Bank, ICICI Bank and Axis Bank to process the transfers, and State Bank of India will join once it has the necessary systems in place Technology News : Facebook   is set to offer its   WhatsApp   payment services to the whole of India as early as next week in an attempt to win market share, even though its partners aren’t all ready, said people familiar with the matter. The messaging app will partner HDFC Bank,   ICICI Bank and   Axis Bank   to process the transfers, and State Bank of India will join once it has the necessary systems in place, the people said.   Facebook   was aiming for a full rollout with four partners but decided to go ahead with just three as its rivals were racing ahead, the people said, asking not to be named as the information isn’t public. The entry of   Whats app   into India’s payments space has been likened to We Chat, which reshaped payments in China...