The FASTag-based smart parking solution enables automatic
cashless payments at airport parking, making vehicle movement in the parking
zone frictionless and time efficient.
The parking fee payment is deducted through the valid FASTag
associated with the vehicle, a process that reduces time required to make the
payment.
A statement announcing the collaboration between Airtel
Payments Bank and Park+ said with this, the local residents can now use the
FASTag on their car to pay for a parking spot at the Varanasi airport.
The two entities are working together to streamline the
payment process by reducing the time spent in queues at major parking lots
across the country and will soon make the service live at other city airports
also.
Ganesh Ananthanarayanan, Chief Operating Officer of Airtel
Payments Bank said with the partnership, the aim is to offer a simple, secure,
and seamless payment experience to customers.
"This will help save a lot of time amid the growing
crowd at airport parking lots and help smoothen the travel experience,"
Ananthanarayanan said.
Founded in 2019 by Amit Lakhotia, Park+ is an app for car
owners that solves the daily challenges faced by car owners, ranging from
parking, FASTag management, car insurance, automated vehicle access control
systems and EV charging stations.
Backed by Sequoia Capital and Matrix Partners, Park+ is
present in 2,500 plus residential societies, in addition to offices and malls
across over 25 Indian cities, including Delhi-NCR, Bengaluru and Mumbai.
"Park+ has been making conscious efforts to partner
with like-minded organisations to enhance car ownership experiences for users.
As part of this strategy, we are excited to collaborate with Airtel Payments
Banks and Airport Authority of India, to bring our FASTag enabled cashless
parking management system to Varanasi," Amit Lakhotia, Founder and CEO,
Park+ said.