India’s homegrown Paytm Payments Bank Limited (PPBL), today announced that it has partnered with Mahagun Metro Mall, the third largest retail complex in Delhi NCR, to provide convenient and hassle-free payments for car parking at their mall using FASTag. With this partnership, visitors wouldn’t require to wait in long queues at the parking areas, and can just make payment digitally using FASTag.
Paytm FASTag has also become the preferred choice for users, as it allows them to pay directly from the Paytm wallet without the need to create any separate account or download a wallet to recharge their FASTags. Paytm Payments Bank is in discussion with various stakeholders to implement and set up similar digital payment solutions for parking areas at hospitals, airports and various municipal corporations across the country.
Paytm FASTag continues to grow in popularity, aided by the bank’s emphasis on seamless onboarding with minimum documentation, instant activation and superior customer care support.
Surinder Chawla, MD & CEO, Paytm Payments Bank said, “We enable customers with seamless digital payments with real-time transaction processing at parking lots, saving both time and fuel. We strive to bring enhanced digital solutions for our customers with a convenient payment option, ensuring contactless experience during entry and exit from the mall parking. Paytm has already digitized parking payments in various leading malls, metro stations and airports across India”
Mahagun Mall Management Spokesperson said, “We are allowing our customers to make payment digitally for their parking through FASTag, reducing the waiting time when existing from the car parking. We are thankful to ASN Services Pvt Ltd to make it happen. We wish them well for their future endeavors.”
Aamir Abbas, CEO, ASN Services Pvt Ltd said, “We are providing services at various malls, hospitals, commercial towers, airports, etc., across India. We believe continuous innovation in business is mandatory. We have partnered with Paytm Payments Bank to introduce FASTag-based payment at our car parking lot in India. We have a complete parking solution, as FASTag is now a widely accepted mode of payment across toll plazas in the country and by adding this facility at our parking lot will increase the convenience of our customers.”
Paytm Payments Bank is the largest issuer of FASTags in the country and is also one of the largest acquirers of toll and parking plazas for the National Electronic Toll Collection (NETC) program, offering an interoperable nationwide payment solution.