Fastag adoption in slow lane; UIDAI CEO interview

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Happy Monday! Fastag saw limited growth last fiscal, with momentum tapering off. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ IT firms face double whammy
■ Explained: CoinDCX cyberattack
■ Rebel Foods’ new CEO


Fewer use cases take toll on Fastag growth

fastag

Fastag, the electronic toll payment system for vehicle owners, has been stuck in neutral since early 2024.

In numbers: The user base remains flat at around 350-380 million, and the number of participating banks has held steady at 38. Both figures have shown no…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Fastag adoption in slow lane; UIDAI CEO interview


Happy Monday! Fastag saw limited growth last fiscal, with momentum tapering off. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ IT firms face double whammy
■ Explained: CoinDCX cyberattack
■ Rebel Foods’ new CEO


Fewer use cases take toll on Fastag growth

fastag

Fastag, the electronic toll payment system for vehicle owners, has been stuck in neutral since early 2024.

In numbers: The user base remains flat at around 350-380 million, and the number of participating banks has held steady at 38. Both figures have shown no…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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