Fake FASTag scam video goes viral

Fake FASTag scam video goes viral

A viral Video claims that devices like watches are being used to swipe the #Fastag on vehicles, leading to fraudulent deduction of money from prepaid wallets.

▶️ This Video is FAKE

▶️ Such transactions are not possible

▶️ Each Toll Plaza has a unique code

Don’t share this FAKE video.

1. FASTag is a RFID passive.

2. UPI ID of FASTag is NETC.VehicleRegistrationNumber@Customer bank

3. FASTag transaction can only be initiated by NPCI registered merchants.

4. No unauthorized device can initiate any financial transactions on FASTag.

Video ??

A video is spreading misinformation about Paytm FASTag that incorrectly shows a smartwatch scanning FASTag. As per NETC guidelines, FASTag payments can be initiated only by authorised merchants, onboarded after multiple rounds of testing. Paytm FASTag is completely safe & secure. pic.twitter.com/BmXhq07HrS

— Paytm (@Paytm) June 25, 2022