Paytm Payments Bank Ltd (PPBL) has announced that it has enabled a FASTag-based metro parking facility in partnership with Delhi Metro Rail Corporation (DMRC). As an acquiring bank for the parking facility at the Kashmere Gate metro station, PPBL will facilitate all FASTag based transactions for cars with a valid FASTag sticker, thus eliminating the hassle of stopping and paying cash at the counter. Additionally, Paytm Payments Bank has enabled a UPI-based payment solution for 2-wheelers entering the parking site, thus digitising the entire parking payments at the site. With the implementation of the PPBL powered FASTag system, car owners are no longer required to tender cash, and parking fee is deducted directly from the wallet or account linked with the FASTag of the respective vehicles. Two-wheeler owners can also pay their parking fees digitally at the metro station via a simple UPI payment. Currently, the facility is available at the metro station’s gate number-6, and it offers parking space for 174 two-wheelers and 55 four-wheelers. Mangu Singh, MD, DMRC, said, “This is another step towards digitalisation in the DMRC’s endeavour to provide solutions to our customers, especially in these times when contactless transactional methods are the need of the hour. PPBL will digitise parking facilities across the country, with Kashmere Gate metro station being the first one to be powered by the bank’s digital payment solution. In addition, the bank is closely working with various municipal corporations across several states to initiate FASTag-based parking facilities both at organised and unorganised sites. The bank is also discussing with various stakeholders to implement digital payment solutions for parking areas at shopping malls, hospitals, and airports. Satish Gupta, MD & CEO, PPBL, said, “We will continue to work with other parking providers across the country to adopt a safe and contactless payment solution by implementing the FASTag system.”