Paytm Payments Bank enables FASTag payments at Amritsar Airport parking

The Voice of Chandigarh :

India’s homegrown Paytm Payments Bank Limited (PPBL), today announced that it now enables convenient digital payments for car parking at the Airport Authority of India (AAI) authorized Amritsar Airport using FASTag. The implementation will considerably reduce the time for passengers waiting to enter or exit the parking terminal, helping them to save fuel and commute time.

As the vehicle passes the entry or exit booth located at the airport parking, a sensor will read the radio-frequency identification (RFID) sticker on the vehicles following which the applicable parking charges will be automatically calculated and deducted from the user’s Paytm Wallet or the account linked with the FASTag.

Paytm Payments Bank Spokesperson said, “We are constantly striving to streamline the parking payments across the country with a focus on reducing the time spent during entry and exit at the parking plazas. Paytm Payments Bank FASTag parking solution enables digital payments at airport parking, making vehicle movement in the parking zone seamless and convenient. Our aim is to offer a simple and secure digital payment experience to all our customers.”

Paytm Payments Bank has already digitized parking payments at various leading malls, metro stations and airports across the country. PPBL has issued more than 1.76 Cr FASTags till date, making it the largest Fastag issuer in the country. It is also one of the largest acquirers of toll and parking plazas under the National Electronic Toll Collection (NETC) program, offering an interoperable nationwide toll and parking payment solution.

Bikram Singh Yadav, Proprietor of M/s Lovelin Enterprises said, “Lovelin Enterprises is a proprietorship company established in June 1993. As one of the leaders in this space, we are committed to continuously improve our services by leveraging innovative technologies such as implementation of FASTag-based parking. This cutting-edge solution will not only streamline the parking process but will also enhance convenience for our passengers. With Paytm Payments Bank FASTag-based parking, we aim to digitize and automate the way people park and pay for their parking.