BFM 89.9

HIGHLIGHTS  GE15
Podcast  >  Enterprise  >  Open For Business  >  Smart Cashless Parking

Smart Cashless Parking

Derek Tan, Founder, Sonicboom

09-Feb-23 10:00

 Smart Cashless Parking

Most of us are probably familiar with cashless and ticketless parking, in fact, smart parking in Malaysia is valued at USD 450 million from 2022-2030 whereas the figure stands at USD 8 billion in Southeast Asia. However, surprisingly, the Southeast Asian market for parking is still 90% cash-based. This could be down to parking space owners not understanding or fearing the switch to digital. Started by 3 industry veterans, Sonicboom looks to transform traditional cash payment parking businesses to a 0 capital expenditure low operational expenditure business, by having an all-in-one terminal software that eliminates the need of upgrading the software to keep up to date with the latest payment features.

Produced by: Richard Bradbury

Presented by: Richard Bradbury


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  marketseconomytechnologyCorporatesmanagingSMEentrepreneurs

Tags:  cashless parkingsonicboomMRANTIdigitalisation


Share this podcast




Play / Pause

Listen now : BFM 89.9 -- The Business Station

Today’s Shows



10:00 AM

Pick of the Pops (REPEAT)

12:00 PM

Bar None (REPEAT)

1:00 PM

Ringgit & Sense (REPEAT)

1:30 PM

The Property Show (REPEAT)

2:00 PM

Cruise Control (REPEAT)

3:00 PM

By the Book (REPEAT)

4:00 PM

The Bigger Picture (REPEAT)

5:00 PM

TED Radio Hour

6:00 PM

Earth Matters (REPEAT)

7:00 PM

Back To Back (REPEAT)

8:00 PM

Track By Track (REPEAT)

9:00 PM

The Selector