We have launched Paytm FASTag-based parking at Pune’s prominent Pavilion Mall. This makes Pavillion Mall, one of the first shopping malls in Pune to introduce this facility for its customers. After successful implementation of the FASTag parking system at various shopping malls in cities like Gurugram and Chennai, Pune is another city where we have introduced this convenient and seamless solution for shopping malls. Adding to it, this is the second Paytm Payments Bank FASTag project to go live successfully in the city after digitizing parking payments at Pune airport.
With the PPBL Fastag parking solution in place, an RFID reader installed at the parking entry & exit will read the radio-frequency identification (RFID) sticker, and basis the same applicable charges will be calculated and deducted automatically from the associated Fastag.
Pavilion Mall customers will no longer need to worry about facing long queues at the exit cash counter as they will be able to experience a hassle-free, seamless, and superfast digital parking payment using FASTag. For customers having a Paytm Payments Bank Fastag, applicable parking charges will automatically be deducted from the customer’s linked Paytm wallet.
Surinder Chawla, MD & CEO, Paytm Payments Bank Ltd said, “As leaders in FASTag, we continue to expand our network by developing innovative use cases for increasing digital payment adoption in the country. With FASTag-based parking payments, we are enabling users to save time, effort and fuel and are empowering users with seamless digital payments.”
Paytm Payments Bank is the largest issuer of FASTags in the country and is also one of the largest acquirer of Toll and Parking plazas for the National Electronic Toll Collection (NETC) program, offering an interoperable nationwide toll and parking payment solution.
Kinjal Radia, Centre director at Nexus Pavilion said, “At Pavillion Mall, we take great pride in having a customer friendly and hassle-free experience for our patrons. By introducing this facility of Paytm enabled FastTag feature for parking payments, it should help us reduce the exit time for vehicles on our premises. We will be the first shopping mall in Pune to have this parking experience and I am certain, this will help improve the overall experience at The Pavillion.”