Parkpay

What Parkpay does

Parkpay Software Solutions (OPC) Pvt Ltd, operating under the brand names Parkpay and ParkPayz, is a Bangalore-headquartered private Indian company that runs a mobile-first parking aggregation marketplace. The platform connects two user groups on a single app — parking providers (vendors) such as shopping malls, commercial buildings, and lot operators, and parking seekers (clients) who are vehicle owners — and uniquely allows any user to switch between the vendor and client roles. Registration is via phone number, email, or social login (Google, Apple, Facebook), and the service is currently scoped to Bengaluru.

The core product is the ParkPayz mobile application on Android and iOS, backed by a web platform, delivering contactless parking, integrated third-party payment processing, advance booking up to 48 hours, automated entry/exit management, real-time revenue and reporting dashboards for vendors, issuance of monthly passes, and notifications for offers. The vendor stack is designed to run on consumer smartphones rather than proprietary parking hardware, which the company frames as a cost-reduction lever, and the platform supports check-in/checkout workflows to manage vehicle entry and exit.

The business model is a transaction-based take rate. Vendors are charged 1% of total transaction volume on a monthly basis. For vendors operating more than 10 parking slots, the platform retains 75% of every pre-booking fee paid by clients and passes 25% to the vendor. End-user access to core features is free, with the company reserving the right to introduce subscription pricing in the future. Distribution is product-led growth via the two major app stores and self-serve onboarding, with no institutional funding, no disclosed enterprise customers, no M&A, no partnerships, no patents, and no AI/ML capabilities referenced in the source material.

Name

Parkpay

Legal name

Parkpay Software Solutions (OPC) Pvt Ltd

Website

https://app.parkpayz.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Parkpay is a Bangalore-based mobile parking aggregation marketplace connecting parking providers with vehicle owners via the ParkPayz app. The platform offers contactless payment, 48-hour advance booking, automated entry/exit, and real-time revenue tracking, monetizing through vendor transaction fees and pre-booking commissions.

Ownership category

akta.pro rank

Product category

Smart Parking Marketplace

NAICS

Parking Lots and Garages (812930), Parking Lots and Garages (81293)

SIC

Services-Automotive Repair, Services & Parking (7500), Transportation Services (4700)

akta.pro primary industry

Smart Parking Technology Platforms (Occupancy Sensors, Guidance, Reservations, Analytics) (TLAJAIAC)

akta.pro secondary industries

Off-Street Parking Facilities Operations (Garages, Lots, Park-and-Ride) (TLAJAIAB), Parking Access & Revenue Control Systems (PARCS) (Gates, Pay Stations, Ticketing) (TLAJAIAD), Digital Payments & Enforcement for Parking (Mobile Pay, LPR/ANPR, Citation Mgmt) (TLAJAIAE)

Keywords

• Parking aggregation platform
• Smart parking solutions
• Contactless parking payments
• Parking marketplace software
• Automated parking management

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Digital Commerce or Content

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Transaction Commission - Vendor Fee: Vendors are charged 1% of total transaction amount on a monthly basis. This is a transaction-based revenue stream collected from parking providers using the platform.
2. Booking Commission - Pre-bookings: For vendors with more than 10 parking slots, the platform retains 75% of every booking fee paid by users who pre-book parking slots, while vendors receive 25%. Revenue is generated on each successful pre-booking transaction.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Parkpay operates ParkPayz, a mobile-first parking aggregation platform that connects independent parking providers (vendors) with vehicle owners (clients) for discovery, booking, contactless payment, and automated entry/exit. The platform enables providers to list slots, issue monthly passes, track revenue in real time, and reach customers with offers, while clients can find, pre-book (up to 48 hours in advance), and pay for parking without cash.

Product overview

Parkpay offers a unified parking aggregation platform comprising the ParkPayz mobile app (available on Android and iOS) and web platform. The platform serves both parking providers (vendors) and parking seekers (clients), enabling automated entry/exit management, real-time revenue tracking, advance booking up to 48 hours ahead, and integrated payment processing. The system operates as a marketplace connecting the two user groups with features like monthly passes, customer notifications, and contactless parking operations.

Differentiator

Problem solved

Functional benefit

Products and services

• ParkPayz Platform Mobile and web parking aggregation platform that enables parking providers to list slots, manage bookings, issue monthly passes, track revenue and reports in real time, and automate entry/exit; and enables parking seekers to find, pre-book (up to 48 hours ahead), and pay for parking contactlessly.
• ParkPayz Android App Native Android application of the ParkPayz platform available on Google Play Store, giving users self-service access to parking discovery, advance booking, and contactless payment features.
• ParkPayz iOS App Native iOS application of the ParkPayz platform available on the Apple App Store, giving users self-service access to parking discovery, advance booking, and contactless payment features.

Quantifiable outcome

• Reduces operating costs by using cost-effective smartphones instead of traditional systems
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• JustPark: JustPark is a UK-based parking marketplace that connects drivers with private and commercial parking spaces through a mobile platform. It is comparable to Parkpay in marketplace mechanics, pre-booking, and integrated payments.
• PayByPhone: PayByPhone is a global mobile parking payments provider used by municipalities and operators for contactless parking. It addresses the same parking seeker use case as Parkpay's payment layer, with broader geographic reach and municipal contracts.
• SpotHero: SpotHero is a leading North American parking marketplace that aggregates parking operators and drivers via a mobile platform. While larger and US-focused, it operates the same aggregator business model as Parkpay at meaningfully greater scale.
• ParkMobile: ParkMobile is a North American parking payments and reservations app used by municipalities and operators. It is a broad incumbent in the same category as Parkpay, with overlapping contactless payment and reservation features.
• EasyPark: EasyPark is a European parking technology company offering mobile payments, reservations, and operator tools across multiple countries. Its product scope and dual-sided model closely resemble Parkpay's, though it operates at much larger scale.

Direct peers

• ParkSmart: ParkSmart is an Indian parking solutions provider offering IoT-based parking management and mobile booking. It competes with Parkpay in the same Indian market for digitizing parking operations through mobile platforms.
• Park+: Park+ is India's largest parking aggregation and vehicle management platform, connecting drivers with parking operators across multiple cities. It is the most direct competitor to Parkpay in the Indian parking marketplace category, serving the same dual-sided provider/seeker model.
• Get My Parking: Get My Parking is an Indian parking tech company offering a smart parking platform with mobile-based booking, payments, and operator dashboards. It overlaps directly with Parkpay on provider automation, contactless payments, and real-time revenue tracking.

Regional players

• ParkBee: ParkBee is a European parking operator that digitizes underused garage capacity through a mobile booking platform. It is comparable to Parkpay as a marketplace for parking inventory but focuses on European garages rather than Indian on-/off-street aggregation.
• mPark: mPark is an Indian parking solutions provider focused on digital parking management for operators and municipalities. It overlaps with Parkpay in the Indian market and shares the same operator-automation and mobile payment value proposition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Parkpay