Bharti Airtel’s subsidiary company -- Airtel Payments Bank has entered into partnership with Park+ to offer FASTag-based smart parking solutions to marquee commercial and residential properties across the country. The partnership aims to leverage the distribution reach and digital payments stack of Airtel Payments Bank to digitise the parking ecosystem using FASTag associated with the vehicle.
Park+ operates in the area of automating parking spaces through FASTag and the majority of parking FASTag transactions in India are currently being processed through Park+ systems. Park+ will offer its full suite of FASTag services including issuance, acquiring, recharge, and technology support to Airtel Payments Bank. Airtel Payments Bank is among the top five issuers of FASTag in the country.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
