Fastag adoption in slow lane; UIDAI CEO interview

Happy Monday! Fastag saw limited growth last fiscal, with momentum tapering off. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ IT firms face double whammy
■ Explained: CoinDCX cyberattack
■ Rebel Foods’ new CEO

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Fewer use cases take toll on Fastag growth

Fastag, the electronic toll payment system for vehicle owners, has been stuck in neutral since early 2024.

In numbers: The user base remains flat at around 350-380 million, and the number of participating banks has held steady at 38. Both figures have shown no…