While FASTag was initially developed to pay tolls on roads, it is now being utilised to enter and depart specified airport parking lots in India without the need for cash payments. Kochi Airport (CIAL) reduce parking wait time to less than 10 seconds by started accepting FASTag for parking payment. The average wait time at entrance and exit gates is around two minutes prior to the FASTag being implemented at Cochin International Airport parking.

The installation of FASTag complete solar powered parking facility of Cochin International Airport simplifies the operation of CIAL's parking system, which can accommodate about 3,000 cars at both its domestic and international terminals.

There is a Parking Slot Counting System that provides real-time updates on parking spots that are available. This system is known as the "slot count." Precise counting of the vehicle's entry time is provided by the Automatic Number Plate Reader (ANPR) connected with the ticketing system.

The following are some of the advantages of paying parking fees using FASTag: You do not need to carry any cash for the purpose of parking. There is no need to stand in lines to pay for parking your vehicle. FASTag will automatically debit the payment from your bank account.