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PPBL partnered with DMRC

Published on September 15, 2021
Current Context: The Paytm Payments Bank Ltd (PPBL) partnered with Delhi Metro Rail Corporation (DMRC).
PPBL partnered with DMRC
  • They have partnered to develop the country’s first FASTag based metro parking facility.
  • Under this partnership, PPBL will enable the processing of all FASTag based transactions for cars having a valid FASTag sticker at the Kashmere Gate metro station.
  • The PPBL has also enabled a UPI-based payment solution for 2-wheelers who enter the parking site.
  • Due to this partnership, the car owners are no longer required to tender cash.
  • Also, the parking fee will be directly deducted from the wallet or account linked with the FASTag of the respective vehicles.
  • The parking fees can also be paid in a digital manner via UPI payment.
  • At present, the facility is made available at the metro station's gate number 6 and it offers parking space for 174 two-wheelers & 55 four-wheelers.
  • This partnership is one step forward to digitize the DMRC.
  • Static Part: 
    • HQ of PPBL: Noida, UP

Question: 

Q.1 Which entity partnered with Delhi Metro Rail Corporation to develop the country’s first FASTag based metro parking facility?
a. Paytm Payments Bank Ltd
b. Fino Payments Bank Limited
c. Airtel Payments Bank Limited 
d. Jio Payments Bank Limited
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