Insurance Cos offer mobile payment options to customers

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 simple phone call originating from any landline or mobile phone. Customers will now be able to pay their insurance premium amongst other things over a simple phone call by using their credit cards. atom Paybuzz which has arrangements with insurance  establishments across India, is a secure mechanism for payments based on touch-tone IVR technology. 

Says Mr. 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 Mr. 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 Mr.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”

Says, Mr. Niranjan Gosavi said, “atom technologies constantly strive to innovate and bring greater convenience to customers through its secure hassle-free payment service. The platform is being used by multiple industry verticals like Telecom, DTH, Online shopping, Travel portals and each of them has reaped huge incremental benefits, and that matters to us. We at Atom believe in the “blue ocean” strategy. We will continue to belt out new products which would add more security and convenience to the lives of common public. We are looking at “atomizing” the entire payment universe that would redefine how people pay.”