India’s Paytm Payments Bank Limited (PPBL) said today that it has teamed with Nexus Malls, one of India’s major real estate retail platforms, to provide FASTag auto parking payments at their malls. With FASTag, mall visitors may avoid lengthy parking lot lines and pay online.
The Nexus group’s Nexus Forum Shantiniketan, Nexus Whitefield, Nexus Koramangala in Bengaluru, Nexus Seawoods in Mumbai, Nexus Indore Central, Treasure Island Mall in Indore, Nexus Amritsar, and Nexus Ahmedabad One have digital parking authorized by the bank. The bank is also working with partners to establish comparable digital payment systems for hospital, airport, and municipal corporation parking lots in numerous Indian states.
Secure Parking’s world-class parking management technology, Paytm Payments Bank’s dominant position and reach as a FASTag issuer and acquirer, and the large number of customers visiting Nexus malls nationwide ally. Secure Parking, a prominent Indian auto parking solution supplier and operator, is integrating over 200 properties, including premier malls, office buildings, airports, five-star hotels, exposition centers, and public car parks.
“As one of the pioneers in the FASTag initiative, we have allowed users to digitally pay at more than 240 toll plazas throughout the nation,” stated a Paytm Payments Bank spokesperson. FASTag for digital parking payments is our newest innovation to improve digital solutions for everyone. This will aid thousands of commuters visiting famous Nexus malls around the nation by offering a quick payment option and an improved customer experience during mall parking entrance and departure.
Nexus Malls COO Jayen Naik remarked, “We take great satisfaction in offering an exceptional experience throughout our network of malls. FASTag will cut automobile parking exit wait times by letting clients pay for parking online. FASTag is now widely recognized at toll plazas nationwide, and having this service at our parking lot only adds consumer convenience.”
“We are devoted to optimizing customer experience by giving an entirely “contactless experience” for entrance, exit, bay locating, and monetary transaction at retail malls,” stated Secure Parking Solutions Pvt Ltd. CEO Arvind Mayar. We have collaborated with Paytm Payments Bank to enable FASTag-based payment in our Indian car parks.”
Instant activation and excellent customer service have made Paytm FASTag famous. Users may pay straight from the Paytm Wallet without creating a recharge account. PPBL issues the most FASTags and acquires the most toll plazas for the National Electronic Toll Collection (NETC) program, providing an interoperable countrywide toll payment system.
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