NETC E-Tolling solution for banks (both Issuance and Acquiring)
NETC E-Tolling solution for banks (both Issuance and Acquiring)
The Government of India has undertaken an initiative to build India’s highway network. This emphasises the need for instituting toll collection points on large scale, which leads to a framework for creating an automated and interoperable electronic tolling structure across the country’s highway network.
Indian Highway Management Company Ltd. (IHMCL) is engaged in the maintenance of National Highways of India and as part of this endeavour, National Highway Authority of India (NHAI) has given the responsibility to IHMCL for implementing Electronic Toll Collection (ETC) system at toll plazas of National Highways, by implementing National Electronic Toll Collection System (NETC System)
NHAI/IHMCL has authorized National Payment Corporation of India(NPCI) for providing a composite solution on Electronic Toll Collection which would take care of the clearing and settlement of electronic toll transaction to make it interoperable and secure. The main objective is to evolve the current ETC ecosystem into four party scalable model, i.e. Issuer System (Bank Owned), Acquirer System (Bank Owned), NPCI and Toll Plaza Operator, from the existing single party model.
DIMTS has customized its Automatic Fare Collection System to confirm to provide IDFC First Bank with NETC Issuing & Acquiring system duly certified by NPCI. Both Acquiring & Issuing Host are live since December 2016, and have now handled daily toll transactions over Rs 8 crore on Acquirer side and Rs 12 crore for the bank.