On October 13, 2025, Jio Payments Bank Limited (JPBL), a subsidiary of Jio Financial Services Limited (JFSL), announced its entry into the next-generation tolling ecosystem through Multi-Lane Free Flow (MLFF) road projects.
The bank has secured a major contract to implement Automatic Number Plate Recognition (ANPR)-based MLFF tolling across 2 key toll plazas, Shahjahanpur and Manoharpura, between Gurugram and Jaipur.
The MLFF tolling system represents an advanced electronic toll collection model that enables vehicles to pass through toll plazas without stopping. Using technologies like Radio-Frequency Identification (RFID), ANPR, Dedicated Short-Range Communication (DSRC), and Global Navigation Satellite Systems (GNSS), this solution enhances efficiency and reduces traffic congestion.
The Indian Highways Management Company Limited (IHMCL) awarded these projects as part of India’s pilot MLFF initiative to enable seamless highway travel nationwide.
JPBL has already established itself in the toll management domain, managing operations at 11 toll plazas nationwide as an acquirer bank. By winning 2 of the 5 MLFF bids issued so far, JPBL reinforces its position as a competitive player in India’s evolving digital tolling landscape. The bank began its FASTag-based toll processing operations in July 2025, and this new contract marks a crucial next step in scaling its infrastructure-linked financial services.
Read More: Jio Financial Services to Announce Q2 FY26 Results on October 16!
For its toll management projects, JPBL plans to leverage synergies with Jio Platforms to integrate advanced data processing and digital payment technologies. This collaboration aims to create a seamless, real-time, and user-friendly toll payment experience for commuters. As India rapidly expands both physical and digital infrastructure, JPBL’s participation in MLFF tolling demonstrates its readiness to lead in the digital mobility ecosystem.
Vinod Easwaran, Managing Director & CEO of Jio Payments Bank, stated that entering the tolling sector aligns with JPBL’s mission to digitise everyday payments and build scalable financial infrastructure. He emphasised that this move reflects the bank’s commitment to delivering efficient, inclusive, and citizen-centric digital financial services across the country.
On October 13, 2025, Jio Financial Services share price opened at ₹306.00 on NSE, below the previous close of ₹308.15. During the day, it surged to ₹307.85 and dipped to ₹304.70. The stock is trading at ₹307.15 as of 1:24 PM. The stock registered a marginal change of -0.32%.
Over the past week, it has declined by 0.89%, over the past month, it has declined by 1.30%, and over the past 3 months, it has declined by 3.59%.
Jio Payments Bank’s foray into MLFF tolling signifies a major milestone in India’s journey toward digital highways. By securing 2 out of 5 national MLFF contracts, JPBL not only expands its digital payments reach but also contributes to shaping the future of seamless, technology-driven transport infrastructure.
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Published on: Oct 13, 2025, 3:47 PM IST
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