Delhi customers can now use their Paytm Fast tags to pay for parking at metro stations. Delhi’s Kashmere Gate metro station in the national capital becomes the first to have a fully digitized parking lot.
Paytm Payments Bank Ltd (PPBL), in association with the Delhi Metro Rail Corporation (DMRC), has announced that four-wheeler customers with an active FASTag account can use their FASTag to pay at the Metro parking lot in Delhi. The Kashmere Gate metro station in Delhi becomes the first to have this fully digital feature. Additionally, Paytm Payments Bank has enabled a UPI-based payment solution for two-wheelers.
Enabling payments through FASTags reduces total time at the checkout counter as the parking fee will be automatically deducted from the wallet. Currently, the facility is available at gate number 6 of the metro station and offers parking space for 174 two-wheelers and 55 four-wheelers. Paytm is looking to launch this facility nationwide and is currently in talks with several municipal corporations in various states to implement the digital payment solution in parking areas in shopping malls, hospitals and airports.
Mangu Singh, MD, DMRC, said, “This is another step toward digitization in the DMRC’s effort to deliver solutions to our customers, especially in these times when contactless transactional methods are the need of the moment.”
Satish Gupta, MD and CEO of Paytm Payments Bank Ltd said: “Our effort has been to expand the FASTag network in our country and empower our users with hassle-free and hassle-free travel. In this pursuit, we are pleased to partner with the Delhi Metro Rail Corporation to enable digital payment solutions at their parking facilities. We will continue to work with other parking providers across the country to adopt a secure, contactless payment solution by implementing the FASTag system. “
Get Live Stock Prices from BSE, NSE, US Market & Latest NAV, Mutual Fund Portfolio, Check Latest IPO News, Top Performing IPOs, Calculate Your Taxes with Tax Calculator income, learn about the top market winners, top losers, and best equity funds. Like us in Facebook and follow us on Twitter.