NPCI, Paytm Debunk FASTag Scam Videos, Issue Statement to Explain Deduction Process

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There is no such thing as a manner a smartwatch can be utilized to scan a FASTag and siphon cash from it, the Nationwide Funds Company of India and Paytm have mentioned in response to a video that’s being circulated extensively on social media and has led to alarm in lots of circles.

The video clip, widely shared on different social media platforms, has amassed lakhs of views, shares and comments on multiple YouTube channels, Facebook and Twitter. FASTag, based mostly on radio frequency identification (RFID) expertise, is an digital toll assortment system made necessary for all industrial in addition to private four-wheelers for funds at toll plazas since February final 12 months.

Whereas Paytm mentioned solely the kid video in its rebuttal, NPCI mentioned the bigger situation of movies making pretend claims. “A video is spreading misinformation about Paytm FASTag that incorrectly exhibits a smartwatch scanning FASTag. As per NETC pointers, FASTag funds may be initiated solely by authorised retailers, onboarded after a number of rounds of testing. Paytm FASTag is totally protected & safe,” Paytm mentioned.

“A video is spreading misinformation about Paytm FASTag that incorrectly exhibits a smartwatch scanning FASTag. As per NETC pointers, FASTag funds may be initiated solely by authorised retailers, onboarded after a number of rounds of testing. Paytm FASTag is totally protected & safe,” Paytm mentioned

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