Paytm Payments Bank enables payment using FASTag at Forum Falcon City Mall car park in Bengaluru - : Conviction on India's four-party payments platform

We have successfully enabled contactless payment through FASTag at the car park of Forum Falcon City Mall, part of the prestigious Prestige Group in Bengaluru. This eliminates the need for mall goers to search for change or wait in queues to pay, as they can easily drive in and out of the car park without having to make any cash transactions. In partnership with Secure Parking Solutions, a vehicle parking management and technology company, we are currently setting up a similar system using FASTag at two locations, Forum Rex Walk Mall and Forum Mall Kochi.

We will process FASTag-based transactions for all vehicles fitted with a valid FASTag. This is especially useful during peak hours or during busy shopping seasons when car parks are congested," said Surinder Chawla, Managing Director & CEO, Paytm Payments Bank, "As a leader in FASTag, we have been working hard to expand our network across the country to provide users with a seamless and convenient travelling experience. We are delighted to partner with Prestige Group and Secure Parking Solutions to implement a digital payment solution for car parks at Forum Falcon City Mall in Bengaluru. Our solution also reduces paper wastage and is in line with sustainability efforts to shift to digital transactions."

We are the largest FASTag issuer in the country and one of the largest toll and car park receivers in the National Electronic Toll Collection (NETC) scheme, providing a nationwide interoperable payment solution. The programme is popular for its easy enrolment process, instant activation and excellent customer support.

Forum, a leader in the retail sector, is now looking to consolidate its market position over the next five years through a well-thought-out expansion programme. The group had earlier sold off some of its assets but is now focusing on developing 11 shopping centres across Bengaluru, Chennai, Hyderabad, Mumbai, Goa and Kochi, with a total area of over 9 million square metres. Through our partnership with Paytm Payments Bank, we will digitise parking payments and ensure customer satisfaction." Muhammad Ali, CEO of Prestige Retail said.

Secure Parking is India's leading provider and operator of vehicle parking solutions, founded 40 years ago in Sydney, Australia. It manages over 200 projects across 30 cities in India serving retail malls, commercial buildings, airports, hospitals, hotels and other high traffic areas." Arvind Mayar, CEO of Secure Parking Solutions Pvt. Ltd. said.