1Move

NEVER STOP AT A TOLL PLAZA AGAIN
1Move

1Move

Our maiden offering, 1Move, focuses on the Logistics and Transport sector. 1Move keeps India moving swiftly by seamlessly connecting moving vehicles with toll plazas and banks. Modelled on the lines of National Payments Corporation of India’s (NPCI) FASTag mechanism, it enables accurate tracking and quick collection of tolls.

Our 1Move offering is not just a software solution that provides digital tolling but an end to end service that understands and meets specific business requirements. We empower banks to transform their business for the emerging digital age by partnering on strategy, sales incubation and training. We arrive at a robust portfolio of options to hedge against their innovation risk – integrated versus hosted, opex versus capex, development of business network, risk management solution etc.

Electronic Toll Collection in India

The National Highway Authority of India has commenced a nation-wide program for the electronic toll collection on toll plazas on the
National Highways with the help of a device called FASTag.

FASTag utilizes Radio Frequency Identification (RFID) technology to make toll payments directly from your bank account or prepaid wallet account linked to it. The device is affixed on the windscreen of your vehicle and enables you to drive through toll plazas without stopping to make cash payments, each time – it offers near non-stop movement of vehicles through toll plazas and the convenience of cashless payment of toll fee with nation-wide interoperable Electronic Toll Collection services.

FASTag has been made Mandatory, as per the directives of the Government of India, for all new vehicles being registered from 1st December 2017 onwards.

The Features of FASTag

Cashless & Hassel Free Payment
Cashless & Hassle Free Payment

Enabling cashless electronic payment at toll plazas on national highways across India.

Automated Nature
Automated Nature

Toll charges are automatically deducted, ensuring faster movement through toll plazas.

5% Cashback
5% Cashback

A cashback of 5% on every transaction, credited directly into the FASTag users linked bank account or wallet.

Easy Wallet Top-Up
Easy Wallet Top-Up

Users can recharge their FASTag linked wallet online through Credit Card/Debit Card/NEFT/RTGS or Net banking.

SMS Alerts
SMS Alerts

Users receive regular SMS Alerts, on their registered mobile phone, for every FASTag transaction.

Transaction Report
Transaction Report

Easy access to statements with details of all FASTag transactions via bank’s FASTag portal.

Increasing Connectivity
Increasing Connectivity

After connecting the national highways, the Government of India has started its integration at toll plazas on State and City highways. This has been mandated to further facilitate payment for Parking, Fuel and E-Challans.

U I D
U I D

The FASTag is moving towards becoming a Unique Identification for a vehicle.

Potential Growth Benefit for Banks

E-Tolling
E-Tolling

Direct entry into E-Tolling, a nascent yet promising business, in line with “Digital India” vision

Customer Base
Customer Base

A border customer base for banks with bank account and wallet-based tag issuance

NPCI Certified
NPCI Certified

A steady and sustained business stream with increased float balances from NPCI certified software and processes

Early Mover Advantage
Early Mover Advantage

Currently there are a handful of banks involved in the issuance of FASTags, providing an early mover advantage.

Image Enhancement
Image Enhancement

The FASTag program opens up a business avenue that will help enhance the bank’s image as a “New Age Technology Bank”

Providing end-to-end solutions

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Tag Issuance
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Tag Account Management
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NPCI Integration
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Reconciliation & Dispute Management
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Settlement Reports for Customers and Banks
1Move
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