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Paytm Payments Bank enables digital parking at mall with FASTag

Paytm Payments Bank enables digital parking at mall with FASTag

Paytm Payments Bank (PPBL) has partnered with Nexus Malls to enable easy payment for car parking at their malls via FASTag. Users visiting the mall will no longer have to wait in long queues at the parking lot, and can instead pay digitally with FASTag.

The bank has enabled digital parking at multiple popular malls across the Nexus Malls portfolio under the Nexus group across the country — 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.

The bank is also in discussion with various stakeholders to implement similar digital payment solutions for parking areas at hospitals, airports and various municipal corporations across several states in India. The partnership leverages the superior expertise of Secure Parking, a leading car parking solution provider, in providing world class parking management systems globally along with PPBL as a FASTag issuer and acquirer and the vast number of consumers visiting Nexus malls across the country.

Paytm Payments Bank spokesperson said, “As one of the leaders in the FASTag program, we have enabled consumers to digitally pay at more than 240 toll plazas across the country. We strive to constantly innovate and bring enhanced digital solutions for all.”


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