Jio Payments Bank Enters Toll Collection Business with Gurugram-Jaipur Project

Jio Financial Services Ltd. said its subsidiary, Jio Payments Bank Ltd., has entered the toll collection business by implementing a FASTag-based multi-lane free flow toll collection system. The bank has won a contract to deploy the automatic number plate recognition-based system at two toll plazas — Shahjahanpur and Manoharpura — on the Gurugram-Jaipur highway.

The contract was awarded under a tender issued by Indian Highways Management Co. Ltd. for toll processing in multi-lane free flow projects. Jio Payments Bank has secured two of the five projects awarded so far and currently manages operations at 11 toll plazas nationwide as an acquirer bank.

The multi-lane free flow system enables vehicles to be identified and charged without stopping or slowing down, ensuring faster and contactless tolling across multiple lanes.

Jio Financial Services operates through several subsidiaries, including Jio Credit, Jio Insurance Broking, Jio Payment Solutions, Jio Leasing Services, Jio Finance Platform and Services, and Jio Payments Bank. The company, formerly known as Reliance Strategic Investments Ltd., was demerged from Reliance Industries Ltd. and listed in 2023.