Pay­ments Tech Cos Barred from Road E-tolling

The Economic Times - - Sports -

The Na­tional Pay­ments Cor­po­ra­tion of In­dia (NPCI) has shut its doors on pay­ment tech­nol­ogy com­pa­nies in one of the most lu­cra­tive busi­ness ar­eas — toll col­lec­tion on roads — as it in­vites only banks to pro­vide pay­ments ser­vice. Paytm, Mo­bik­wik and Citrus Pay, which have been plan­ning to tap this busi­ness, may have to find al­ter­nate routes. “They (wal­lets) might be in­ter­ested, but NHAI has not shown in­ter­est and we have not sug­gested to NHAI to bring in non-banks,” AP Hota, MD, NPCI, told.

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