Make your insurence payment by your mobile phone!

[img_assist|nid=7712|title=|desc=|link=none|align=left|width=67|height=100]Co-operation of Citi and Thailand's leading telecom and insurance companies, mPAY and Prudential will enable customers to make insurance payments just using their mobile phones. Alliance's provided facilities permit Prudential policyholders conduct insurance premium payments 24 hours a day, seven days a week through Thailand in a convenient for both sides way. By means of SMS policyholders receive, the program notifies about successful payment transaction and confirms the receipt.

Modern technology from mPay and secure financial services from Citi emphasize high-grade and safe insurance payment operations conducted between the Prudential policyholders and customers.

Citi, the source of innovative cash management solutions, is going to launch by joint operations of mPay and Prudential a new payment channel called M-Collect. An alternative way of payment allows clients to access financial services from mobile phone as the point of payment transaction initiation, said Mr. Peter Eliot, Citi Country Officer, Citibank, N.A. Thailand. With M-Collect there will be no need for Prudential customers to apply to counter services, post offices, ATMs, cashier checks, in order to execute payments, gaining time and money, he added.

As for mPay, Mr. Waroonthep Watcharaporn, Managing Director of Advanced mPAY Co., Ltd., stated it had recently become a partner with Citi and Prudential aimed at enlarging payment services, such as mobile phone based payment transactions for products and services with a new one, that would give AIS customers an excellent opportunity to pay insurance premium for every Prudential insurance policy easily on mobile phones with no service fees.  Interested customers may apply for the mPAY service by dialing *555 and calling.

mPay guarantees its clients a secure financial transaction through mPAY with the message to confirm service and virtual transaction verification through http://www.mpay.co.th/."

Ms. Somnuk Wiwatana, Vice President, Finance, Accounting & investment, Prudential Life Assurance (Thailand) Public Co., Ltd. concluded that it was always Prudential's responsibility to provide the best products and services to its customers. Owing to the leaders of the telecommunication technology like mPAY and leading bank like Citi, creation of a new advanced service will give a powerful impact in extending the company's reach to the young generation group which prefers new and modern technology, as they can use their mobile phones to make premium payments.