Axis Bank Ltd.

Axis Bank has launched an electronic toll collection (ETC) facility at all five entry points in Mumbai in partnership with MEP Infrastructure. The dedicated ‘ETC Lane’ at all five toll plazas in Mumbai will be enabled to accept cashless toll payment through radio frequency identification (RFID) tags branded as ‘FasTag’ affixed on the windshield of vehicles.

Users will now be able to cruise through the toll plazas without the hassle of stopping and paying cash, which will improve convenience and average travel time and also reduce the cash handling by toll plaza operators.

Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses.