- A Mumbai-based startup has developed FASTag-like technology for petrol pumps.
- As the government has made the FASTag mandatory for all the vehicles in India to enable automatic toll deduction and cut the queue at the toll plaza, a similar RFID (Radio-Frequency Identification) technology has been used at several petrol pumps in the country to save your time at the fuelling station.
- A Mumbai-bases startup AGS Transact Technologies Ltd has developed a mobile fuelling solution called Fastlane that works on the RFID technology.
- Users can pre-set the amount of fuel they want before reaching the petrol pump, the attendant fills up the tank without questions, and there is no exchange of money or card or even wallet payment.
Read full article: indianexpress.com