The announcement made by Kuala Lumpur City Hall (DBKL) last year on its decision to shut down roadside payment machines as well as its decision to go cashless over the payment of car park bays, has led other councils to embrace DBKL’s approach where there are considerations on the table for these councils to go cashless in their street parking management. With the added benefit of reductions in operational costs coupled with the grouses of many street parking users over the old method of paying for parking via coupons, many stakeholders would be readily willing to sieze this opportunity.
Which is where major FinTech players in the region like ATX and FlexiParking come into play and have partnered up with each other to smoothen this transition further. This partnership will see the two FinTech companies providing cashless parking payments for over 80,000 street parking bays in 10 councils in their initial rollout. These councils would involve the areas of Ampang, Kajang, Klang, Kuala Langat, Kuala Selangor, Petaling Jaya, Selayang, Sepang, Shah Alam and Subang Jaya.
To ease car park users further, ATX has even made this service available on consumer app GOPAY, retailer apps such as MyPOSPayRuncit Hero as well as via B2B wholesale API connectivity PayHub. This partnership will help serve the street parking market immensely where it is estimated to be worth RM500 million per year based on the parking bays managed by over 140 local councils as well as private parking operators in the country.
With this, ATX has ambitious plans to integrate with more service providers in the future where it seeks to offer cashless parking payments in shopping centres and malls in the country. This convenient service will help out many car park users who can expect to enjoy a hassle-free way of paying for parking in the near future.