What is digital parking and what are its benefits?
                     WHAT IS DIGITAL 
PARKING AND WHAT 
ARE ITS BENEFITS?
 With each passing day, we are moving towards a cashless society, where all 
kinds of payments are made digitally. Today making digital payments for all 
our daily tasks has become the new normal and in coming years we might 
totally depend on it thus eradicating cash payments.

Rise of digital parking
As of now, the digital parking has rendered positive results by improving quality of life for 
many several residents. Even stats are in favour of digital parking.
In the UK, only a minor portion of 16% of drivers prefer payments by cash, whereas, the 
remaining portion prefer making parking payments via contactless methods, website, app, 
or by card. These stats almost reverse when the age group is of 50-64 or 65+. These stats 
also vary depending upon the household income.
As the city authorities take crucial steps to achieve their smart city vision, it’s also 
transforming various traditional infrastructures including that of traditional parking. In 
many cities, traditional parking is now being evolved into digital parking as universities, 
city garages, shopping malls, and airports already embracing this technology.
What is a digital parking 
payment solution?
A cashless parking payment solution is a payment system that doesn’t 
require any physical money for making transactions pertaining to parking. 
It’s a quick and foolproof way to make mobile money payments for 
parking.
Digital parking involves payments via credit card, debit card, and e-wallet. 
This makes digital parking easier and convenient for users where they can 
make payments on the spot without the hassles of keeping cash.
How does it work?
Digital parking is generally enabled by smart parking mobile applications where a 
user has to complete a registration process. In this registration process, the user 
also registers his vehicle. Once the vehicle is registered, the user can search for all 
the nearby parking garages.
After selecting the parking garage, the user can set select the parking duration and 
then start the payment process. The user can make payments via various modes 
like debit/credit cards, e-wallets, NFC, RFID, and by scanning qr-code.
The user receives a payment confirmation notification once the payment is 
completed. Moreover, the user also is also reminded when his parking session is 
about to complete. The user can then top-up their session for parking directly from 
their smartphone without returning to the car.
Benefits of digital parking
1. Fast 1. Parking space optimization
2. Cost-effective 2. Reduced traffic
3. Convenience 3. Reduced pollution
4. Secure payments 4. Boost brand image
5. Enhances user experience 5. Real-time trend and data insights
6. Explore and boost revenue streams 6. Increased safety
Conclusion
Digital parking payment solutions have made their mark and it is here 
to stay for a long time. As of now, the young generation seems to 
enjoy this latest way of making parking payments. But in future, this 
might become the norm.
This means that there lies a massive opportunity for both parking 
space owners and parking solution providers. If both of them play their 
cards well, they might end up with a sustainable enterprise that would 
generate a mammoth amount of profit.
www.digipay.guru
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