Discover and read the best of Twitter Threads about #FasTag

Most recents (5)…

Just read about #Paranur toll plaza violence that happened over weekend. The issue is mainstream debate in Tamil media. #Thread
The incident allegedly sparked off after SETC bus entered over the extreme left lane meant for 2 wheeler / emergency vehicles and there was a verbal tussle between driver and toll staff.

#Paranur toll is highly saturated, gets 2.5x traffic than designed capacity of the highway.
It must also be noted the concession period has ended and there is a case pending in Madras HC. Voices in media suggest bouncers being used to collect toll (and there are allegations of dwindling0
Read 14 tweets
Putting 12 stage roadmap to cashless economy presented in mid 2015 in #ThanjavurKalvettu
More, this one on #FASTag . In 2015, FASTag + EWB integration was 'imagined'. I will leave it to you on who is ruling the country.

As for their execution skills, we all no better now.
This is awesome. VoterID linking with #Aadhaar was too imagined in the book
Read 18 tweets
This is a thread on the #FasTag fiasco - why the intentions are dubious and why it deserves to be classified as a scam
While the NaMo Govt would like us to believe that #FasTag is meant for the convenience of users, the real reasons appear to lie elsewhere - particularly the notoriously opaque revenue streams from road projects.
Road project concessionaires are known to not indulge in gross cost padding - which translates directly into higher tolls - but divert revenue streams away from their loan obligations, which has brought only grief to banks, especially PSBs
Read 12 tweets
Repeat after me: #FASTag is an asset monitoring technology for the lenders (highway traffic measurement for infrastructure assets & vehicle control -- toll block / geo-fence -- for vehicle loans) masquerading as toll collection technology providing convenience.
Repeat after me: #BBPS is an investment lead generation technology for the lenders (consumption data of utilities for infrastructure for equity investments & family consumption/scoring for household finance) masquerading as bill collection technology providing convenience.
Repeat after me: #GSTN is a trade surveillance technology masquerading as simplified(!!) tax collection technology.
Read 6 tweets
Another story on #PayTech from @TheKenWeb, this time on @BharatBillPay #BBPS and NPCI being a behemoth…. Time for thread again, full disclosure I haven't read @tam_arund piece since I dont subscribe.
First up some fact checking on email, tweets. Then some commentary about BBPS, then the larger idea of NPCI being the behemoth, what it means to industry, @CashlessConsumr and the whole data game.
First, commentary on the email from @r0h1n

// Because there’s just no telling when it will decide to become a competitor. //

They are in for it to super control the market, not compete. Even on BHIM in UPI, technically, NPCI is operator, the banks are the players market wise.
Read 17 tweets

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