Swiggy Instamart, India’s top quick commerce platform, has teamed up with Park+, the nation’s leading FASTag distributor.
The collaboration aims to deliver IndusInd Bank FASTags to Swiggy Instamart users in under 10 minutes, setting a new standard in convenience.
For the first time in the realm of quick commerce and e-commerce, customers can now have FASTags delivered straight to their doorsteps. These FASTags will be accessible to Swiggy Instamart users across 29 cities.
Phani Kishan, Head of Swiggy Instamart, expressed, “FASTag stands for seamless payment and convenience, and access to it should be the same. Traditionally, purchasing a FASTag involved applying through a bank portal or physically visiting a toll booth on a highway, leading to waiting times ranging from 3 to 7 days for card delivery and activation. With FASTag now available on Swiggy Instamart, users can procure it anytime, anywhere, slashing delivery wait time from days to under 10 minutes.”
As per the Press Release, FASTags have become essential for modern-day car owners, with over 7.98 crore FASTags issued in India as of November 2023. Park+’s innovative parking and vehicular management systems allow users to digitally pay tolls or parking fees without the need for cash transactions.
Amit Lakhotia, Founder & CEO of Park+, commented, “At Park+ our main objective is to bring delight back to car ownership. As part of this endeavour, we have partnered with Swiggy Instamart to reduce the TAT for car owners buying a FASTag. As the largest FASTag distributor in India, we are well-poised to address the current gap within the FASTag ecosystem. Our robust relationship with IndusInd bank allows us to deliver IndusInd FASTags to customers in less than 10 minutes, thanks to Swiggy Instamart. Furthermore, we are also working with relevant FASTag issuing partners to educate users about FASTag buying/renewal/recharge, etc. We will continue to invest our energies in enhancing the car ownership experience for car owners, throughout the life cycle of their car and look forward to partnering with other external stakeholders to support us in this endeavour.”
This partnership between Swiggy Instamart and Park+ aims to bridge a crucial gap in the market, offering a swift and convenient solution for accessing FASTags.
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