Jio Payments Bank Wins FASTag ANPR-Based MLFF Toll Contract
Why in the news
Jio Financial Services said its subsidiary has secured a contract to install an advanced FASTag-linked tolling system on a highway stretch between Gurugram and Jaipur.
Key facts
- Company: Jio Payments Bank Ltd (JPBL), subsidiary of Jio Financial Services.
- System: tolling that uses FASTag with Automatic Number Plate Recognition (ANPR) in a Multi-Lane Free Flow (MLFF) format.
- Location: two toll plazas on the Gurugram-Jaipur highway.
- Nature of news: a contract win announced by the parent company.
Exam angle
- Full forms: ANPR is Automatic Number Plate Recognition; MLFF is Multi-Lane Free Flow; JPBL is Jio Payments Bank Ltd.
- Parent group: Jio Financial Services.
- Route to remember: Gurugram-Jaipur highway, two toll plazas.