The telecommunication industry has always developed some amazing features in mobile phones which the entire world loves being addicted to. Today, almost everything, from voice based traditional handsets to Smartphones, simple calls to video calls, internet browsing to online shopping; all have attracted the consumers to enjoy the advantage of technological developments.
With the advent of its current developments such as mobile money transfer, mobile commerce and mobile banking, the one unique mobile payment system technology which has become the talk of the day is a coin-less payment for parking with the mobile handsets.
This 'Mobile Payment system' can be called as the most demanding advantage for the drivers because it completely releases their stress of managing a coin. They can now pay their vehicle parking fee by using their mobile phone as they used the other traditional payment system of using a card. In this system they are just required to send and receive a simple text message. The text message contains their credit or debit card details and some specific information which they require to pay for parking fees.
This kind of payment system also enables the users to track their cars for pick-up and pay the money for parking via their mobile devices and save some time. Since they receive reminder messages via text SMSs on their mobile phones for the completion of their parking duration, they can easily extend their vehicle parking time through their mobile phones. This can be the most important reason why mobile payment system for parking has received a whole-heartedly response from the users.
Today, the mobile pay parking system has become the most effective and beneficial mobile service for companies to reduce their a large sum of operating costs. As a result, a number of telecom companies sensed the advantage and started offering such mobile payment products for paying parking fees and the parking agencies also started coming forward and getting these products holistically installed to enjoy its benefits. Seeing the increasing demands of new pay parking solution product, telco operators have also started setting up their products with the mobile handsets and services for a new revenue stream with their existing system.
These analysis apparently make us aware how the parking participating consumers as well as the parking providers both have the benefit of the convenience of parking in terms of handling vehicles' attendance and saving their time.
Renewal reminders and instant purchases are the other two important additional advantages of a mobile pay parking service which the companies can offer their customers and build up a newer and a much stronger relationship, or continue the existing relationship with their customers in a better approach.
The product avidly offers a coin-less mobile pay parking solution that drives the subscriber base and non-subscriber base to use mWallet services. So Why to worry about coins? - Use your next generation mWallet.
Shashi K Singh is a technical writer with vast experience, now working for Next Generation mWallet products and services provider, a emerging leader in the space of mobile financial services & mobile wallet Payment Solutions. Click here for details for Next Generation mWallet's products and services. http://www.xpwallet.com/AboutUs.html
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