7 months ago
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Jio Financial Services connected Monday (October 13, 2025) said its subsidiary Jio Payments Bank has secured a declaration to instrumentality the FASTag Automatic Number Plate Recognition (ANPR)-based MLFF postulation strategy astatine 2 toll plazas betwixt Gurugram and Jaipur.
With this, Jio Payments Bank Ltd (JPBL) has forayed into next-generation tolling services for Multi-Lane Free Flow (MLFF) roadworthy projects, which is an physics toll postulation strategy that eliminates carnal toll booths and allows vehicles to wage tolls without slowing down oregon stopping.
In a regulatory filing, Jio Financial Services said the 2 toll plazas— Shahjahanpur and Manoharpura, betwixt Gurugram and Jaipur were awarded arsenic portion of the tender issued by Indian Highways Management Company Ltd (IHMCL) for managing toll processing nether India's aviator MLFF project.
So far, 5 MLFF bids person been awarded, of which JPBL has secured two.
Securing the declaration to cod and process tolls for an MLFF task is simply a important milestone for JPBL, gathering connected the instauration of its FASTag acquisition-based toll processing operations, which commenced successful July 2025, Jio Fin said.
JPBL is presently managing toll operations astatine 11 toll plazas connected antithetic road stretches arsenic an acquirer bank. With the acquisition of toll absorption rights astatine these 2 MLFF roadworthy projects, JPBL is well-positioned to play a pivotal relation successful the country's evolving infrastructure-linked integer payments landscape, it added.
Jio Payments Bank managing manager and CEO Vinod Easwaran said, "Our enlargement into the tolling ecosystem is simply a earthy progression of our ngo to digitise mundane payments and physique astute fiscal infrastructure astatine scale.
"By leveraging the synergy of integer capabilities with the radical ecosystem, we are actively gathering capabilities to enactment successful the evolving mobility ecosystem successful India," Mr. Easwaran said.
