[Seoul Fintech Lab Resident 2] RedPallCar – An Easy Mobile Payment App for Parking Lots in Korea

2020-12-18
RedPallCar

In today's digital world, almost anything can be paid for with a smartphone. This includes parking. RedPallCar helps people find, reserve, and pay for parking through an easy mobile payment app. An app for parking lots in Korea is an innovative mobile payment solution that allows for smarter, easier parking management for operators and a more convenient experience for drivers. The RedPallCar app allows businesses to implement easy payment solutions for customers which will decrease costs by optimizing their services. 

Mobile payment solutions can be leveraged by more than just parking lots. Private operators, Universities, and government agencies can use this pay parking technology to reduce costs and offer a better customer experience. Below are some of the solutions RedPall Car provides.

SmartEye


Parking lot system manufacturers have created dozens of parking lot systems, but they are incompatible with each other. RedPallCar has created SmartEye so users don't have to rely on any specific manufacturer. SmartEye reads and analyzes the vehicle data by using a license plate recognition system. It is the most popular parking system in Korea and is used in 70-80% of the parking lots in Korea. 

SmartGate 


SmartGate allows parking lots to see the current state of their parking lot. Therefore they will have instant data on the number of spaces available in real-time. It is a high-efficiency/low-cost parking management system that easily interfaces with customer's CRM, POS, and ERP solutions. Therefore parking lots will gain access to parking data through a simple backend system. 

SmartPass


The SmartPass app allows users to pay for parking effortlessly. All they have to do is download the app, create an account and enter their information. Through the app, users can manage and pay for their parking securely from their smartphones. It can be applied to all equipment for a universal mobile payment solution. 

The advantages of using a mobile payment solution for parking come in many forms. Parking lots can save costs due to not having to buy and maintain heavy/expensive hardware. In addition, by adding an innovative digital solution, parking lots can become smarter and manage their operations in an efficient manner. It is a win for customers as well as they will have a better parking experience which will increase their return rate.