Prices will remain unchanged.
It will also save people from having to scramble for coins with options for paywave and credit card payments as well as paying with coins.
The new system will also allow flexibility, with the council able to make parking free for days with major events, or days of significance, should that be desired.
Hastings councillor and Business Association board advisor Wendy Schollum said both organisations wanted to support the development and vitality of the Hastings city centre.
"Providing on and off-street parking that will enhance the area for both our retailers and shoppers will assist with this, and the ability to have free parking for certain occasions was welcomed by the Business Association.
"This new technology will also enable us to gather accurate data about parking patterns so we can ensure we have car parks in the right places and have the ability to expand in the future."
The new meters will cost $540,000 to be sourced from the parking meter replacement reserve fund, and the work will go out to tender shortly.
A spokesperson for Napier City Council said changes to parking meter and payment options were being considered in the city as well, but no decisions had been made at this time.