Categories: Banking

Paytm Payments Bank launches FASTag-based metro parking facility

Paytm Payments Bank Ltd (PPBL) has launched India’s first FASTag-based metro parking facility, at the Kashmere Gate metro station in partnership with Delhi Metro Rail Corporation (DMRC). Paytm Payments Bank will be the acquiring bank to facilitate the processing of all FASTag-based transactions for cars having a valid FASTag sticker, thus eliminating the hassle of stopping and paying cash at the counter.

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About the parking facility:

  • The parking facility is the first to accept payment via the UPI (unified payments interface) mode, which has been launched for two-wheeler vehicles, entering the parking site.
  • PPBL will digitise parking facilities across the country with Kashmere Gate metro station being the first one to be powered by the bank’s digital payment solution.

Important takeaways for all competitive exams:

  • MD and CEO of Paytm Payments Bank Ltd: Satish Kumar Gupta.
  • Paytm Payments Bank Ltd Headquarters: Noida, Uttar Pradesh.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

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