FilingReader Intelligence

Jio Payments Bank wins key free flow tolling contracts

October 13, 2025 at 07:19 AM UTCBy FilingReader AI

Jio Payments Bank Limited (JPBL), a subsidiary of Jio Financial Services Limited, has been awarded a contract to implement the FASTag Automatic Number Plate Recognition (ANPR)-based Multi-Lane Free Flow (MLFF) toll collection system. This system will be deployed across two toll plazas—Shahjahanpur and Manoharpura—on the Gurugram-Jaipur stretch. This win demonstrates JPBL's competitiveness, having secured two out of five MLFF bids issued by Indian Highways Management Company Limited.

The MLFF system uses advanced electronic toll collection technology, including Radio-Frequency Identification, ANPR, Dedicated Short-Range Communication, and Global Navigation Satellite System technologies, to enable seamless, barrier-free vehicular movement. This expansion builds on JPBL's existing FASTag acquisition-based toll processing operations, which began in July 2025 and currently manage 11 toll plazas across the country.

Vinod Easwaran, managing director and chief executive of Jio Payments Bank Limited, stated that this move into the tolling ecosystem aligns with their mission to digitize everyday payments and build smart financial infrastructure, driving efficiency and inclusion. JPBL plans to leverage synergies with Jio Platforms' digital capabilities as it aims to play a catalytic role in India's evolving infrastructure and digital payments landscape.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

News Alerts

Get instant email alerts when Jio Financial Services publishes news

Free account required • Unsubscribe anytime

Filing Activity Timeline

View Complete Filing History →