Jio Payments Bank wins contract for MLFF project on 2 toll plazas on Gurugram-Jaipur highway

Jio Payments Bank Ltd (JPBL) has committed to next-generation tolling services for Multi-Lane Free Flow (MLFF) road projects | Photo credit: FRANCIS MASCARENHAS

Jio Financial Services on Monday said its subsidiary Jio Payments Bank has bagged a contract to implement FASTag Automatic Number Plate Recognition (ANPR)-based MLFF collection system at two toll plazas between Gurugram and Jaipur.

With this, Jio Payments Bank Ltd (JPBL) has committed to the next generation of tolling services for Multi-Lane Free Flow (MLFF) road projects, an electronic toll collection system that eliminates physical toll booths and allows vehicles to pay tolls without slowing down or stopping.

In a regulatory filing, Jio Financial Services said the two toll plazas – Shahjahanpur and Manoharpura, between Gurugram and Jaipur, were awarded as part of the tender issued by Indian Highways Management Company Ltd (IHMCL) for managing toll processing under India’s pilot MLFF project.

So far, five MLFF bids have been awarded, of which JPBL has secured two, demonstrating its competitiveness in this space.

Securing the contract for toll collection and processing for an MLFF project is a major milestone for JPBL, building on the foundation of its FASTag acquisition-based toll processing business, which commenced in July 2025, Jio Fin said.

JPBL currently manages toll collections at 11 toll plazas on various highway stretches as the acquiring bank. With the acquisition of toll management rights for these two MLFF road projects, JPBL is well positioned to play a critical role in the country’s evolving infrastructure-related digital payments landscape, it added.

Jio Payments Bank Managing Director & CEO Vinod Easwaran said, “Our expansion into the toll ecosystem is a natural progression of our mission to digitize everyday payments and build smart financial infrastructure at scale.

“By leveraging the synergy of digital capabilities with the group ecosystem, we are actively building capabilities to participate in the evolving mobility ecosystem in India,” Easwaran said.

Published on October 13, 2025