ePaisa partners with MEP Infrastructure Private Limited for QR code payment at toll plazas
Now you can go cashless and cardless with the quick QR payment
cityairnews
Feb 28, 2020 08:59
0
Mumbai: ePaisa point of sale has partnered with MEP Infrastructure Pvt Ltd to enable cashless payments at the cities busiest toll plazas. Commuters across the city can now pay their toll charges instantly by simply scanning the QR code placed at the MEP toll payment, counters using any of the UPI payment apps.
The QR code payment will help in immediate debit from the commuter account and credit into MEP Infra Pvt Ltd ‘s account. This contactless process rules out the hassle of carrying cash and cards for the toll fee payment.
Through this initiative MEP Infrastructure Pvt Ltd and ePaisa, both are aiming to cover a maximum number of vehicles who deal with only cash transactions. Thus helping the transport sector’s transition into digitalization. Both companies also want to promote faster payment through digital mode so that vehicles can move through seamlessly.
Commenting on this, ePaisa Chief Business Officer Mr. PravinKumar Bhandari said that “In the last few years we have witnessed UPI payment option gained great success in India and as used by all age groups. We feel the QR Code payment option can curb the cash transaction in this transport management vertical”.
Data in our country shows that digital transactions are on the rise, but the pace is a bit slow especially compared to China. As per iResearch, China's third-party mobile payment transactions rose 22.6% in Q2 2019. Whereas some 72% of India’s consumer transactions take place in cash, double the rate in China, according to a March report by Credit Suisse Group AG.
Adding to this, Mr. Shahin Kunnath COO of ePaisa explained that “even though China is ruling the payment market, the Indian Government is giving equal opportunities to both small and large players unlike China, which is a booster for immediate growth in the payment sector”.
The QR code is available at the six popular toll plazas of the city namely LBS Toll, Vashi Toll, Airoli Toll, Dahisar Toll, Mulund Toll, and Rajiv Gandhi Worli Sea link in phases.
