LCP Image

Back to TSCFM News

LIC appoints Paytm to handle its e-payments

April 19, 2021

LIC appoints Paytm to handle its e-payments

LIC has appointed Paytm to facilitate digital. After tie-up with another payment gateway prior, the insurance giant has looked for a new agreement as a large portion of its payments shift to digital modes. The new agreement requires a smoother payment process, wide variety of payment alternatives and adding more players (banks, wallets, and so forth) in payment channels.

As indicated by sources, there were 17 payment platforms that had bid aggressively. Paytm’s capacity to ride numerous payment services worked in support of its as others were prevailing particular segments like UPI or cards.

LIC has seen a flood in digital payments after the pandemic. The organization does ₹60,000 crore of premium collections from the digital mode, which does exclude the payment made through banks. It sees around 8 crore digital transactions a number expected to go up sharply.

LIC has sort the end-to-end solution for premium payments as well as for all kind of collections including remittance of collections by insurance agents. The mandate also involves automation of few processes.

Important Links:

MBA from UK University: https://tscfm.org/courses/mba-from-uk-university/
Professional Diploma in Digital Marketing: https://tscfm.org/courses/professional-diploma-in-digital-marketing/
Professional Diploma in Banking and Financial Services: https://tscfm.org/courses/professional-diploma-in-banking-and-financial-services/

Tags:

Banking and FinanceCurrent AffairsDigital Marketingdigital paymentglobal mbaLICpaytmpaytm app

WhatsApp making changes in payment services

Telegram launches to new apps

Recommended for you ...

Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services

February 12, 2024

Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices

February 12, 2024

Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices

February 12, 2024

About TSCFM

TSCFM is a brand of SMART Institute Pvt. Ltd., which is a part of The Shahani Group of Institutions. We are the only B-school in Mumbai to bring the best of international management education to India. We are ranked No. 3 among colleges offering Global Business Courses in India by Outlook.

Quick Links:

Quick Links

Call us on:

Email:

info@shahanigroup.com

Social Media:

Consult a Career Advisor

Name*

Email Address*

Contact Number*

Select Qualification*

Course*

Nearest Centre*

Residing City*

Your Message

REQUEST A CALLBACK

Kindly Fill up the details to receive a call from our Career expert

Name*

Email Address*

Contact Number*

Select Qualification*

Course*

Nearest Centre*

Residing City*

Your Message

 array(8) 
[
    "obj_type"   => string(6) "module"
    "obj_id"     => string(43) "module:m_root_request-callback-popup:bVTRiN"
    "slug"       => string(22) "request-callback-popup"
    "hash"       => string(29) "m_root_request-callback-popup"
    "title"      => string(22) "request-callback-popup"
    "collection" =>  array(1) 
        [
            "post_type" => string(6) "m_root"
        ]
    "post_type"  => string(6) "m_root"
    "templates"  =>  array(1) 
        [
            "main" =>  array(2) 
                [
                    "code" => string(5504) "
	
  [css.style]
    a.request-callback {
      position: fixed;
      z-index: 999999999;
      left: ~"calc(100% - 37px)";
      top: 50%;
      color: #fff;
      transform: rotate(-90deg) translateX(-50%);
      transform-origin: 0% 0%;
      white-space: nowrap;
      border-radius: 10px 10px 0 0;
      font-size: 16px;
      box-shadow: 0px -3px 8px rgba(0, 0, 0, 0.16);
      &:hover{
          padding-bottom: 15px;
          left: ~"calc(100% - 47px)";
      }
    }
    .request-callback-popup {
        display: none;
        position: fixed;
        left: 0;
        top: 0;
        width: 100%;
        height: 100%;
        z-index: 9999999999;
        overflow-y: auto;
        background-color: rgba(0,0,0,0.6);
        @media only screen and (min-width: 576px) {
            .container {
                max-width: 540px;
            }
        }
        @media only screen and (min-width: 768px) {
            .container {
                max-width: 720px;
            }
        }
        @media only screen and (min-width: 992px) {
            .container {
                max-width: 960px;
            }
        }
        @media only screen and (min-width: 1200px) {
            .container {
                max-width: 1140px;
            }
        }
        @media only screen and (max-width: 767px) {
            .pad-x-8 {
                padding-left: 25px;
                padding-right: 25px;
            }
        }
        .btn{
            white-space: normal;
            img{
                 width: 22px;
            }
        }
        .close-request-callback-popup{
            position: absolute;
            right: 15px;
            top: 0;
            cursor: pointer;
            &:hover{
                color: @brand-secondary;
            }
        }
        .btn.btn-sm {
            font-size: 13px;
            padding: 7px 20px;
            min-height: auto;
        }
        p{
            margin-bottom: 5px;
        }
        .popup-content{
            &.popup-open{
                  animation: slide-in-elliptic-right-fwd 0.7s ease-in-out both;
            }
            &.popup-closed {
                  animation: slide-out-elliptic-right-bck 0.5s ease-in both;
            }
        }
    }

    @keyframes slide-in-elliptic-right-fwd {
      0% {
        -webkit-transform: translateX(2100px) rotateY(-30deg) scale(0);
                transform: translateX(2100px) rotateY(-30deg) scale(0);
        -webkit-transform-origin: -100% 50%;
                transform-origin: -100% 50%;
        opacity: 0;
      }
      100% {
        -webkit-transform: translateX(0) rotateY(0) scale(1);
                transform: translateX(0) rotateY(0) scale(1);
        -webkit-transform-origin: -1800px 50%;
                transform-origin: -1800px 50%;
        opacity: 1;
      }
    }

    @keyframes slide-out-elliptic-right-bck {
      0% {
        -webkit-transform: translateX(0) rotateY(0) scale(1);
                transform: translateX(0) rotateY(0) scale(1);
        -webkit-transform-origin: -1800px 50%;
                transform-origin: -1800px 50%;
        opacity: 1;
      }
      100% {
        -webkit-transform: translateX(2100px) rotateY(-30deg) scale(0);
                transform: translateX(2100px) rotateY(-30deg) scale(0);
        -webkit-transform-origin: -100% 50%;
                transform-origin: -100% 50%;
        opacity: 1;
      }
    }
    .modified-tag{
      color: #000000;
      margin-bottom:revert !important;
    }
  [/css.style]
  
	<a href="#" class="brand-secondary-bg pad-1 pad-x-5 request-callback">REQUEST A CALLBACK</a>
  <div class="request-callback-popup">
      <div class="container">
          <div class="gap-6"></div>
          <div class="row justify-content-center">
              <div class="col-md-8 popup-content popup-closed">
              	<div class="brand-white-bg pad-6">
                  <i class="close-request-callback-popup font-bold font-size-large icon-close pad-x-1"></i>
                  
                  <p class="font-bold mar-b-5 font-size-big modified-tag">Kindly Fill up the details to receive a call from our Career expert</p>
                  [if.empty module.campaign_course]
                  	[form.popup-from.enquiry_form /]
                  [/if.empty]
                  [if.not_empty module.campaign_course]
                  	[form.popup-from.campaign_enquiry_form course="{module.campaign_course}" /]
                  [/if.not_empty]
                </div>
                <div class="is-none">[aw2.get module dump="true" /]</div>
              </div>
          </div>
          <div class="gap-6"></div>
      </div>
  </div>
  <script type="spa/axn" axn="core.run_script">
    $(".request-callback").click(function(e){
        e.preventDefault();
        $(this).fadeOut();
        $(".request-callback-popup").fadeIn("fast");
        $("html").css("overflow-y","hidden");
        $(".request-callback-popup .popup-content").removeClass("popup-closed").addClass("popup-open");
    });

    $(".close-request-callback-popup").click(function(){
        $(".request-callback-popup .popup-content").removeClass("popup-open").addClass("popup-closed");
       	setTimeout(function(){
          	$(".request-callback-popup").fadeOut(200);
        		$(".request-callback").fadeIn(200);
            $("html").css("overflow-y","auto");
        },500);
        setTimeout(function(){
            $("html").css("overflow-y","auto");
        },1000);

    });
  </script>
"
                    "name" => string(4) "main"
                ]
        ]
]

Chat on WhatsApp