ICICI Bank enables FASTag based parking payment at Sardar Vallabhbhai Patel International Airport, Ahmedabad
May 23, 2023
ICICI Bank is the only bank to introduce FASTag based parking at the airport
Users can now pay parking charges digitally and seamlessly
Ahmedabad: ICICI Bank today announced that it has enabled FASTag based payment for parking at Sardar Vallabhbhai Patel International Airport in Ahmedabad. The facility allows FASTag users of any bank to pay the parking charges digitally and in a contactless manner, resulting in quicker movement of vehicles in the parking zone. The scanners installed at the parking zone read the FASTag affixed on the windscreen of the vehicle, record the entry/ exit time, and deduct the parking charges automatically.
ICICI Bank is the only bank to introduce the FASTag facility at the Ahmedabad airport.
Speaking on the partnership, Mr. Sudipta Roy, Head – Credit Cards, Payment Solutions & Merchant Ecosystem, ICICI Bank said “We are delighted to introduce FASTag based payment for parking at Sardar Vallabhbhai Patel International Airport in Ahmedabad. This facility will improve the convenience of users by saving their time and reducing dependency on cash.
We were the first bank in the country to launch FASTag on the Mumbai – Vadodara corridor in 2013. Since then, we have pioneered the usage of FASTag for payments at various national and state highway toll plazas and parking at airports, malls, business hubs and at tech parks across the country. In addition, we have introduced the facility at fuel stations so that users can avail the triple benefit of using one tag for payments for fuel, toll and parking.”
Customers of ICICI Bank can avail FASTag using the Bank's digital channels such as internet banking, iMobile Pay app, InstaBIZ app, Pockets app or by visiting the nearest branch. Customers of other banks can also purchase the FASTag from ICICI Bank by visiting the bank’s website (www.icicibank.com/fastag), ICICI Bank FASTag sales office at the toll plazas. Users can reload money on FASTag online using UPI and NEFT platforms.
For media queries, write to email@example.com
About ICICI Bank: ICICI Bank Ltd (BSE: ICICIBANK, NSE: ICICIBANK and NYSE:IBN) is a leading private sector bank in India. The Bank’s total assets stood at ₹ 15,84,207 crore at March 31, 2023.
Certain statements in this release relating to a future period of time (including inter alia concerning our future business plans or growth prospects) are forward - looking statements intended to qualify for the 'safe harbor' under applicable securities laws including the US Private Securities Litigation Reform Act of 1995. Such forward - looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward - looking statements. These risks and uncertainties include, but are not limited to statutory and regulatory changes, international economic and business conditions; political or economic instability in the jurisdictions where we have operations, increase in non - performing loans, unanticipated changes in interest rates, foreign exchange rates, equity prices or other rates or prices, our growth and expansion in business, the adequacy of our allowance for credit losses, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to market risks, changes in India’s sovereign rating, as well as other risks detailed in the reports filed by us with the United States Securities and Exchange Commission. Any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this release. ICICI Bank undertakes no obligation to update forward - looking statements to reflect events or circumstances after the date thereof. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov