Swiggy Instamart, quick commerce platform, has teamed up with Park+, the FASTag distribution platform, to offer IndusInd Bank FASTags in under 10 minutes.
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This is the first time a quick commerce or e-commerce platform has provided customers the convenience of doorstep delivery for FASTags. This strategic partnership aims to address a critical gap in the market by providing a convenient and swift solution for accessing FASTags,”Swiggy said in a statement.
The FASTags will be available to users on Swiggy Instamart across 29 cities, including Delhi NCR, Mumbai, and Bangalore.
FASTag adoption has been steadily increasing, with over 7.98 crore FASTags issued in India as of November 2023. “The key advantage of purchasing a FASTag on Swiggy Instamart is the seamless integration with Park+ and IndusInd Bank as the issuing partner,” Swiggy said.
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It added, “With Park+’s cutting-edge parking and vehicular management systems, users can make digital payments seamlessly at toll booths, parking spots in malls, corporate parks, or movie halls, eliminating the need for cash transactions.”
Phani Kishan, Head of Swiggy Instamart, said, “FASTag epitomises seamless payment and convenience, and its accessibility should reflect the same.”
“Traditionally, acquiring a FASTag involved lengthy processes, either through bank portals or physically visiting toll booths, resulting in delivery and activation wait times ranging from 3 to 7 days. With FASTags now available on Swiggy Instamart, users can obtain them anytime, anywhere, reducing delivery wait time from days to under 10 minutes,” he added.
Amit Lakhotia, Founder & CEO of Park+, said, “Our robust relationship with IndusInd bank allows us to deliver IndusInd FASTags to customers in less than 10 minutes, thanks to Swiggy Instamart.
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Furthermore, we are also working with relevant FASTag issuing partners to educate users about FASTag buying/renewal/recharge, etc.”
