Airtel Payments Bank and Park+ have collaborated to offer FASTag-based smart parking solutions to marquee commercial and residential properties across India. This partnership will utilize the reach of Airtel Payments Bank to digitize the parking ecosystem using FASTag associated with the vehicle. Park+ is backed by Sequoia Capital and Matrix Partners and is engaged in automating parking spaces through FASTag.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
About the collaboration:
The collaboration aims to leverage the deep distribution reach and digital payments stack of Airtel Payments Bank to digitize the parking ecosystem using FASTag associated with the vehicle. Park+ will offer its entire suite of FASTag services including issuance, acquiring, recharge, and technology support to Airtel Payments Bank. Park+ access control systems are installed at over 1500 societies, over 30 malls, and over 150 corporate parks across the country.
Important takeaways for all competitive exams:
Did you know that some chemicals are so important that they influence almost every industry…
Did you know that many vehicles and households today use alternative fuels instead of traditional…
Perplexity has launched a new AI powered assistant called Personal Computer. This is designed to…
Did you know that millions of homes around the world depend on a clean and…
Canara Bank has announced a revision in its Marginal Cost of Funds Based Lending Rate…
South Indian Bank has launched the new EPF payment service. This is in collaboration with…