The Afternoon Update with Lynlee Foo (1pm – 4pm)The Afternoon Update with Lynlee Foo (1pm – 4pm)

Industry Insight: Driving innovation to provide convenience for seamless parking

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If you drive, you may have experienced getting stuck at a car park gantry. It is a common occurrence when motorists forget to top up their value cards and subsequently experiencing awkward moments at the carpark gantry. Singapore payment platform AXS has a solution. It recently launched AXS Drive, a mobile app that auto-deducts parking fees through the driver's credit or debit card linked to their car details. Available on Android and iOS, drivers can download the AXS Drive app, input their car plate and In-Vehicle Unit (IU) number, and link a credit or debit card for payments. AXS says the initiative is the first such innovation for Singapore and the Southeast Asia region. Jeffrey Goh, Group Chief Executive Officer, AXS shares more on the future of contactless payments at the car park.

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