Airtel Payments Bank ties up with Park+ to offer FASTag-based parking – World Affairs SRS

Airtel Payments Bank ties up with Park+ to offer FASTag-based parking

– World Affairs SRS

airtel payments bank And Park+ have collaborated to offer FASTag-Based Smart Parking Solution To mark up commercial and residential properties across India. The partnership will utilize the reach of Airtel Payments Bank to digitize the parking ecosystem using a vehicle-linked FASTag. Supported by Park+ Sequoia Capital and Matrix Partners and is engaged in automating parking spots through FASTag.

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About cooperation:

The collaboration aims to leverage Airtel Payments Bank’s deep delivery reach and digital payment stack to digitize the parking ecosystem using vehicle-linked FASTag. Park+ will offer its full suite of FASTag services including issuance, acquisition, recharge and technology support to Airtel Payments Bank. Park+ Access Control Systems have been installed in over 1500 societies, over 30 malls and over 150 corporate parks across the country.

Important facts for all competitive exams:

  • MD & CEO of Airtel Payments Bank: Nubrata Biswas.
  • Airtel Payments Bank Headquarters: New Delhi.
  • Setting up of Airtel Payments Bank: January 2017.

Get more news related to agreements

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