Bon Credit + Card, QR, FASTag 5.4.4

Self-employed, entrepreneurs, and gig-economy workers often struggle to access traditional financial services typically available to salaried employees. BON aims to address this disparity by providing financial services to underserved individuals in the gig economy, such as taxi drivers, delivery agents, independent contractors, and self-employed workers in India. The platform currently facilitates easy access to FASTag, allowing users to purchase, activate, and recharge it through BON.

FASTag is a convenient and reloadable tag that enables automatic toll deduction, streamlining the toll payment process without the need to stop for cash transactions. As of December 15th, 2019, FASTag adoption has become mandatory for all types of vehicles in India.

Benefits of FASTag include:

• Saves Fuel and Time
• SMS alerts for toll transactions and low balance
• Online recharge options (Credit Card / Debit Card / NEFT/ RTGS or Net Banking)
• Eliminates the need to carry cash
• Access to a web portal for customers
• Contributes to reduced air pollution and paper use
• Minimizes toll payment hassles
• Enhances highway management with analytics
• Simplifies toll plaza management and central monitoring

BON serves various industries including logistics, employee transport, two-sided marketplaces, e-commerce, hyperlocal delivery, and the staffing industry. By partnering with gig marketplaces and employers, BON leverages smart algorithms to evaluate user data and provide access to credit through Bon Cards. Dynamic credit limits based on proprietary credit scores enable borrowers to access credit continuously. Employers benefit from increased business engagement and streamlined billing processes.

To acquire a Bon card:

1. Apply at any Bon outlet or via the Bon app
2. Submit necessary documents for approval
3. Credit decisions are made instantly with a pre-approved credit limit that can grow over time
4. Contact [email protected] or call +91-96731 96731 for assistance

For partnerships or employee inquiries:

• Contact [email protected] or call +91-96731 96731

Key features of the Bon app:

• Purchase, Activate, Recharge FASTag
• Check credit limits
• View transaction history
• Make payments
• Top-up Bon wallet
• Load and unload individual Bon cards with wallet funds
• Receive transaction notifications in real-time