Cash May Hit Exit Lane With India’s National Highways To Go Fully Digital From April 1

Starting April 1, India is set to revolutionize its national highways by phasing out cash transactions entirely, transitioning to a fully digital payment system. This change aims to streamline toll collections and reduce congestion at toll plazas, as Unified Payments Interface (UPI) payments will take center stage. The move is anticipated to enhance efficiency and transparency in toll operations, aligning with the government's push towards a digital economy. Currently, a significant portion of toll payments still relies on cash, causing delays and logistical challenges. By adopting a cashless model, officials expect to significantly cut down waiting times and improve the overall travel experience for commuters. This initiative also intends to bolster digital payment usage across the country, further integrating technology into everyday life and promoting financial inclusion. While the shift promises numerous benefits, it also poses challenges, particularly for those without access to digital payment methods. The government plans to address these concerns by increasing awareness and accessibility to digital platforms, ensuring a smooth transition. As the April deadline approaches, stakeholders are working diligently to prepare infrastructure and educate the public, aiming for a seamless implementation of this ambitious digital transformation on India's highways.

— Authored by Next24 Live