India, Aug. 7 -- The Municipal Corporation of Delhi (MCD) will next week sign a memorandum of understanding (MoU) with a multinational bank to introduce a technology-driven parking fee collection system. The system, aimed at preventing overcharging by linking point-of-sale (POS) machines directly to the civic body's central server, will be rolled out on a pilot basis at five parking sites in the first phase and is part of the MCD's plan to move towards cashless parking fee collection, a senior official said.

Under the proposed arrangement, the MCD will provide POS machines to parking contractors instead of allowing them to use their own devices.

The machines will be integrated with the MCD's central server, enabling parking slips to be ...