Zurich Taps Amazon Payment Services to Offer Digital Payments Option in the Middle Eastby Fintechnews Middle East 10. May 2021
Amazon Payment Services (APS), a payment processing services provider, has partnered with Zurich International Life Limited to offer digital payments for its customers in the Middle East for the latter’s digital customer onboarding platform ZurichPro.
Zurich is a multi-line insurer providing a wide range of life, savings and investment solutions for multinational corporations, mid-sized and large companies, small businesses, and individuals in the Middle East.
Through the services provided by Amazon Payment Services, Zurich’s customers can now digitally pay insurance premiums across all products in local currencies without incurring conversion fees with a high level of customer data security.
The digital payment integration delivers a safe and secure environment for receiving and processing customer data.
APS acts as the single point of contact for managing Zurich’s digital payment needs, providing end-to-end support by interacting with various parties in a card payment ecosystem.
In December 2020, Amazon had launched the Amazon Payment Services, previously known as PAYFORT, in the Middle East and North Africa (MENA) region.
Commenting on the new partnership, Omar Soudodi, Managing Director of Amazon Payment Services said,
“It is a privilege to be part of the digital transformation journey of Zurich International Life Limited, enabling them to become one of the first life insurance companies in the Middle East to launch an end-to-end digital payment and customer onboarding experience.”
Walter Jopp, CEO of Zurich in the Middle East added,
“Partnering with Amazon Payment Services has enabled us to provide a seamless digital payment experience for our customers that offers more payment flexibility while optimizing operating costs, ultimately benefitting the end customer.
Zurich’s instant life and critical illness insurance solutions, YourLife and YourCare, can now be purchased online in a matter of minutes with absolute peace of mind.”