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.
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