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.

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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, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.