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February 24, 2014updated 04 Apr 2017 12:59pm

Online insurer Zurich Connect adds MyBank payment system to site

Zurich Connect, an Italy-based online insurance firm, has added the MyBank payment system to its website, allowing customers to pay their insurance premiums through online and mobile banking safely through their banks.

Zurich Connect, an Italy-based online insurance firm, has added the MyBank payment system to its website, allowing customers to pay their insurance premiums through online and mobile banking safely through their banks.

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The payment option through MyBank was made possible due to cooperation between Banca Sella, which offers MyBank payment option through GestPay Payment Gateway, and Zuritel, the owner of Zurich Connect.

MyBank managing director, John Broxis, said they now allow online customers to rely on their familiar e- or m-banking environment when buying online.

"Its high security levels make it an appealing payment option for companies with online business.

"In co-operation with payment service providers across Europe, we are working on rolling out MyBank to a growing number of businesses and public administrations in the course of 2014," Broxis added.

Zuritel managing director, Angela Cossellu, said they are the first direct company to use MyBank as a payment method.

"With this new agreement we have made a huge step forward in accomplishing the needs of our customers, which now have an extra payment method to subscribe to our insurance policies," Cossellu added.

Free Report
img

What does the future hold for BNPL market?

The global Buy Now Pay Later (BNPL) market is estimated at a massive $120 million in 2021 – representing just less than 3% of the global ecommerce market. Yet the user-base is massive, with leading provider, Klarna, alone reportedly having 87 million users in 2021. This market is only expected to grow, with established companies like Apple and Goldman Sachs moving into the BNPL sector in bids to capitalize on this trend. To help you make the most of this growing market, GlobalData’s Buy Now Pay Later in 2022 and Beyond report provides detailed insight into the BNPL sector. This report:
  • Discusses the disruptive potential of the BNPL sector on the payments industry
  • Identifies the leading companies that are driving sector growth and the benefits this new payments solution provides to both merchants and consumers
  • Analyzes the consumer’s risk of using BNPL loans and government attempts at introducing regulations to the sector
  • Uncovers the main risks that consumers expose themselves to when borrowing with BNPL
Download this free report to get to know where this developing market is headed, and how you can reshape your strategies.
by GlobalData
Enter your details here to receive your free Report.

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