VF&T is pioneer to obtain the Automotive Research Association of India (ARAI) certificate & National Payment Corporation of India (NPCI) certificate for the UHF Windshield RFID Label/ Tag (FASTag) as per the Ministry of Road Transport & Highways, Government of India.
VF&T has integrated the encryption API for some of the top banks as well as for leading payment banks in the country.
It is also a supplier of tags and encryption services to these banks. Its banking client controls more than 90% of the ETC transactions in the country and VF&T supplies around 70% of the bank’s requirement of FASTag.
FASTag will be used for several other applications like parking, insurance, fitness certificate, law enforcement, etc. apart from tolling. VF&T is in the process of developing these applications on FASTag using NPCI’s API.
VF&T intends to continue its position with its banking clientele as number one service provider on FASTag and is developing a parking ticket application to be offered through Banks.
VF&T is also exploring the possibility of becoming an issuance partner for FASTag with several leading banks.
On the payments side VF&T is already working on the CUG applications of the Banks on RFID & NFC interface.
Many highways are currently using the RFID set-up at the toll lane deployed by VF&T. So far VF&T has done ETC for hundreds of ETC lanes.
