The price of parking across the country could increase significantly if a proposed merger goes ahead.
The two largest players in the parking and payment industry, Orikan and Duncan Solutions, are proposing a merger of their companies. "The normal market actions that constrain pricing and encourage service levels to improve will be removed," Saxon Hill from Vehicle Monitoring Systems told 9News.Orikan has already come under fire this year for its parking meters in North Sydney.The meters force drivers to pay using their phones via a QR code or app, only to charge an 8.25 per cent fee on top of the parking rate.
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