Insurance Companies Offer Mobile Payment Options
atom PayBuzz, from atom Technologies Limited has tied up with ICICI Lombard General Insurance and Reliance General Insurance.
atom PayBuzz, from atom Technologies Limited, a Financial Technologies Group venture, has tied up with ICICI Lombard General Insurance and Reliance General Insurance for accepting payments over a phone call by using credit cards.
Says Amit Madan VP-E Channel of ICICI Lombard, "With the mobile sector increasing tremendously and penetration only deepening across segments, we see the mobile phone as a banking solution which offers immense opportunity and convenience. The ease and convenience offered to the customers is welcome and with our partnership with 'atom PayBuzz' the transactions has increased phenomenally."
Says Dewang Neralla, Director ATOM Technologies, "Atom as a payment mechanism has the potential to change the way people transact in the country. The ease and convenience associated with the atom Paybuzz platform coupled with the enhanced security makes it a win-win proposition for both the end customer and the merchant who is accepting the payment."
Says Sairam Naganath of Reliance General Insurance, "Mobile gateway payment system powered by atom Paybuzz has made a vast difference in the way payment transaction are made, customers appreciating this convenient mode of payment, helps the company and its customers meet payment deadlines on time."
RGI has deployed MOSS 2007 for service extension, collaboration and to provide more gateways to the customer.
VMware will help the firm to reduce CAPEX and cut OPEX by 30 to 35 percent in the current fiscal year.
New India Assurance Company had filed draft prospectus with Sebi in August and received 'observations' from it on 15 September that are necessary for an IPO