Ing Vyasa Life Offers Payment Of Insurance Premium Via Mobile

Would you pay your insurance premium via mobile? ING Vyasa Life has tied up with mobile payment company Paymate for enabling payment of insurance premium by SMS. [via release] It appears that Paymate has also signed up Corporation Bank for m-payment. They had launched services with Citibank. Hence, the insurance premium payment solution is limited to ING Vyasa customers who are also Citibank and Corporation Bank customers.

I’ve been wondering – what’s the ideal situation for an m-payment company to be in? They’d need to tie up with banks, mobile operators, merchants and handset manufacturers (for a pre-loaded application).

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