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Parking Network Adopts Automatic Payment System
An agreement between Estapar, Fleetcor Technologies and Sem Parar will involve 1,000 parking lots throughout Brazil, providing greater fluidity of vehicles, as well as secure financial transactions and customer convenience.
Nov 16, 2018—
Brazil's Estapar parking network has signed an agreement for automated billing via radio frequency identification-based payments. The agreement is expected to affect 1,000 lots, and the implementation is being handled by Fleetcor Technologies, which is already working on the project and expects to complete it during the first quarter of 2019.
Fleetcor, which develops payment solutions for use on all continents, has adopted a strategy called Beyond the Toll, which involves building RFID payment networks into parking lots and fueling stations. "There are 5.5 million users with the convenience of accessing a significant number of fueling locations—at Shell and BR fuel stations, and in parking lots throughout Brazil," says Fernando Yunes, the president of Sem Parar.
Thanks to the agreement, Estapar says it will attain greater competitive advantage and security in the financial transactions of its clients. Other gains include convenience to network users. In the future, the firm intends to expand these benefits to all of Sem Parar's 5.5 million customers.
"The Brazilian market for parking places approximately 6 billion Brazilian real ($1.6 billion) per year," Yunes says. "This partnership, with a main player in a segment so strategic to our growth plan, will enable Sem Parar to exceed the mark of 1,000 parking lots, reinforcing our market leadership by consistently increasing the solution's availability to our customers."
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