India, Oct. 13 -- Fintech major Jio Financial Services (JFS) said that its wholly owned payments bank, Jio Payments Bank Ltd (JPBL), has entered the digital toll collection segment by winning contracts for managing two toll plazas between Gurugram and Jaipur.

JFS said JPBL won the contract to implement the FASTag Automatic Number Plate Recognition (ANPR)-based multi-lane free flow (MLFF) toll collection system at Shahjahanpur and Manoharpura.

The payments bank bagged the contract from the Indian Highways Management Company Ltd (IHMCL) for managing toll processing under the pilot MLFF project. JFS said that the banking subsidiary bagged two of the five contracts issued by the IHMCL pertaining to the MLFF project.

"JPBL is already managi...