UPI & FASTag Based Contactless Parking Will Be Launched Across India: How Will It Work?

Latest reports reveal that the National Payments Corp of India (NPCI) is planning to expand its contactless car parking facility in major cities in the country such as Mumbai, Delhi, Bengaluru, Chennai, and Thiruvananthapuram.

100% Contactless Parking Solution

So far, the retail payments umbrella entity is in advanced discussions with Maha-Metro to enable several stations with 100% contactless parking solutions, according to its statement on Wednesday.

the Union government and the government of Maharashtra had a 50:50 joint venture for Maharashtra Metro Rail Corp Ltd (Maha-Metro) project.

For the establishment of this project, NPCI is in association with Delhi Metro Rail Corporation Ltd (DMRC), inaugurated India’s first FASTag and unified payments interface (UPI) based smart and cashless parking at Kashmere Gate Metro Station.

This seems to be the first metro station parking installation. So according to NPCI, it is in discussions with other metro authorities to replicate the solution.

Enabling UPI Payments

Apart from this, NPCI has also initiated discussions with major malls, airports, ports, railway stations, metro stations, hospitals, and other private parking lots in the country for the FASTag-powered contactless car parking solutions. 

Further, the payment firm mentioned that it has been receiving interest from major banks in spearheading the parking projects especially after the 100% FASTag mandate announced by the government.

The parking plaza would accept NETC FASTag for four-wheelers and UPI payments for all 2 wheelers, said Praveena Rai, chief operating officer, NPCI. 

Further, Rai added, with NETC FASTag, it’s our constant endeavor to provide seamless, cashless, and automated toll and parking payment solutions.

How Does This Help?

If we talk about the contactless car parking facility, it simply allows passengers and visitors to pay without the need to roll down their windows, quite time saving and less cumbersome. 

Now, parking lots across the country are being enabled with digital payment solutions.

In addition with NETC FASTag, can provide a complete contactless solution and leads to an opportunity for all parking providers across the country to adopt a safe and contactless payment solution by implementing the solution, as per NPCI.