e-Wallet to Help Motorists Do Away With Parking Tickets

e-Wallet to Help Motorists Do Away With Parking Tickets

Parking Insider is a mobile wallet app designed to help vehicle owners and motorists easily locate free parking spaces and seamlessly make payments for them.

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Parking Insider is a mobile wallet smart app designed to help vehicle owners and motorists easily locate free parking spaces and seamlessly make payments for them in real time and while on the go.

The app, which was showcased during TechCrunch Berlin’s 24-hour hackathon in Berlin, Germany, also invites its users to earn free parking minutes by snapping photos of open parking slots and then using that information to create a heat map that is used by other motorists to locate more unused parking spaces. The version of Parking Insider unveiled last night marks the second attempt at the idea by Shruti Kuberand Advait Kumar, two of its initial three creators. The two computer scientists are students at the Technical University of Berlin, currently doing master’s courses in embedded systems. The duo, who had met at an earlier hackathon, decided to form a team after discovering their mutual focus on creating solutions for the mobility industry.

While they had wholly concentrated their efforts on coming up with pedestrian-focused solutions during that earlier event, this time around they decided to focus on parking, aided by Abdul Rehman Liaqat, another computer scientist. Right now, Parking Insider is limited to Berlin and its API incorporates only the services of Daimler and Deutsche Bank, the two sponsors of the hackathon.

So, for now, only Deutsche Bank customers who drive a Mercedes-Benz, a Smart car or another Daimler car can use it. Using the bank’s API, the app allows car owners to set up prepaid Deutsche Bank accounts that are automatically renewed every month. They can also track their parking expenditure via the payment history retrievable from the app. The development team has plans to incorporate more partners from other banks and vehicle manufacturing companies in the near future. Parking Insider has a number of competitors in various cities, with other innovators also introducing remote-pay vehicle parking apps. ParkNow and PaybyPhone (bought out in 2016 by Volkswagen at an undisclosed amount) are other top examples.

Despite the competition, the Parking Insider team isn’t getting deterred anytime soon. As they look forward to expanding beyond the city of Berlin and bringing in other banks and carmakers, Kuber says they are taking every stride forward very seriously.

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