Our associate Paytm Payments Bank Limited (PPBL) has enabled contactless payments for car parking at prominent Prestige Group’s Forum Falcon City Mall in Bengaluru using FASTag. With this, users visiting the mall won’t have to search for change or wait in line at a payment booth, they can simply drive in and out of the parking lot without the need for any cash based transactions.
Together with Secure Parking Solutions, a vehicle parking management and technology company, our associate Bank is also in the process of setting up similar systems at two more sites — Forum Rex Walk Mall and Forum Mall Kochi with FASTag.
Our associate Paytm Payments Bank will facilitate the processing of all FASTag-based transactions for vehicles with a valid FASTag. This will be beneficial during peak hours or busy shopping seasons when parking lots are crowded.
“As leaders of FASTag, we are constantly working to expand our network across the country to enable users with seamless and hassle-free travel. We are glad to partner with Prestige Group and Secure Parking Solutions for enabling digital payment solutions for parking at Forum Falcon City Mall in Bengaluru. Our solution also reduces paper wastage, aligning with the sustainability efforts of transitioning to digital transactions.”
Surinder Chawla, MD & CEO, Paytm Payments Bank
Our associate 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. It has gained massive popularity with seamless onboarding with minimum documentation, instant activation and superior customer care support.
“Forum has established itself as a leading player in the retail sector and is now looking to strengthen its foothold by embarking on thoughtful expansion plans over the next five years. With a strategic intent to replace the older assets with bigger and better ones, the group divested its properties earlier but is now focused on developing 11 malls, with over 9 million sq. ft space across Bengaluru, Chennai, Hyderabad, Mumbai, Goa and Kochi. With this partnership with Paytm Payments Bank, we will enable digital parking payments to ensure customer delight.”
Muhammad Ali, CEO, Prestige Retail
“Secure Parking is the leading car parking solution provider and operator in India which was incorporated 40 years ago in Sydney, Australia. It manages over 200 projects across 30 cities in India, serving retail malls, commercial establishments, airports, hospitals, hotels, and other high-traffic areas.”
Arvind Mayar, CEO, Secure Parking Solutions Pvt. Ltd.
