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Servest Acquires Kaching Parking Technology

By 2nd November 2016News, Show on Homepage

Servest is pleased to announce it has acquired a controlling interest in KaChing, South Africa’s first ticketless, cashless parking payment solution. KaChing holds the patent in South Africa for this cashless parking payment solution, and was the proud winner of the recent MTN “Most Innovative App of the Year” award for 2016.

The acquisition of KaChing is key to Servest Parking’s strategic objective of delivering innovative parking solutions to its Clients, geared at reducing operating costs, driving revenues, improving security over cash and assets, and improving property returns to Landlords. KaChing is an industry-wide application and landlords can benefit directly through increased parking revenues, improved customer satisfaction, and a high degree of accuracy to “know your customer” for improved marketing decision-making.

Richard Mynhardt, Managing Director of Servest Parking, notes “The KaChing solution, along with our recently-acquired agency of the Designa parking systems and significant investment in

our internal audit SPDM © systems, puts Servest at the forefront of technology in the parking industry. Servest’s aim is to drive technology and solutions-based services to enable our clients to improve the return on their assets with lower risk, higher revenues, and quality information”.

Jaco Marais, co-founder and Managing Director of KaChing notes “Servest, Africa’s leading Black-owned facilities management company will provide the platform to roll out this innovative solution at parking facilities not only in South Africa, but across the African continent and internationally. KaChing is an excellent example of  disruptive technology which we are bringing to improve the parking experience in a mature industry”. The founders of KaChing remain as shareholders and remain committed to provide innovative solutions to parking users and landlords alike.

For shoppers and users, the app now makes paying for parking so much easier. Simply download the app from Apple Store or Google Playstore, enter your vehicle registration number and credit card number, and you’re registered ! Instead of a credit card, parkers also have the option of a pre-paid account for payment. You can then simply drive-in and drive-out of any KaChing-enabled site without the hassle of taking a parking ticket, without the hassle of cash and change, and without any queues at pay stations. KaChing uses licence plate recognition cameras at each entry and exit, and integrates software, smartphone app technology, proprietary hardware, and payment switching channels for this ultra-convenient way to pay for parking. Register today for hassle-free parking. There are no hidden charges or fees – you simply pay the parking tariff.

 

Download KaChing through your Apple Store or Google
Playstore, or visit www.kachingparking.com

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