Demonetisation: New cashless parking initiative underway in Bangalore

Demonetisation brings cashless parking at The Collection Mall in Bangalore's UB City with DIVRT smart parking management system

By: Tech Desk | Updated: November 26, 2016 3:33 pm
Demonetisation, cashless parking, Rs 500 notes, Rs 1,000 notes, Rs 2000 notes, Narendra modi, UB city, bangalore, The collection mall, DIVRT smart parking management system, technology, technology news DIVRT is an end-to-end smart parking management system introduced in support of the cashless parking scheme (Image: File)

The Collection Mall in Bangalore’s UB City has become one of the first in the country to allow cashless parking following the demonetisation of high denomination notes earlier this month. The mall has introduced DIVRT, end-to-end smart parking management system in support of the cashless parking scheme, reports News18. The iOS and Android versions of the DIVRT app were launched on Saturday.

News18 reports that DIVRT in collaboration with UB City has decided to introduce cashless parking to 1,600 parking spots at the mall, providing spot allocation for visitors that aims at eliminating long waiting queues as people exchange cash at exit gates.

“DIVRT and the Prestige group share a common vision – delighting the customer from the moment they set foot on the premises to the time they leave. DIVRT is committed to using technology towards this vision – leading to happier people and a healthier planet,” said Amit Rohatgi, Founder and CEO, DIVRT.

Prime Minister Narendra Modi, in an address to the nation late on November 8, had announced the government’s decision to demonetise the high-value currency notes of Rs 500 and Rs 1000 in a bid to cut down on corruption and flush out black money. Since then, the RBI has introduced new notes of Rs 500 and Rs 2000 with higher security features. In the days following the announcement, long queues were reported at banks and ATMs with millions scrambling to exchange the old currency notes.