GoSwiff, global financial solutions provider, along with UniCredit and MasterCard, signed a partnership to launch mobile payments in Romania through mPOS, a press release informs.
The partnership is created to enable Allianz-Tiriac Asigurari agents to start accepting card payments with mobile point of sale (mPOS) for the insurance policies issued by the company.
Thus, Allianz-Tiriac Asigurari becomes the first insurance company in Romania to offer this solution, enabling the client to pay insurance premium directly to the agent who sells the insurance policy.
The new platform for payments processing via mPOS has all the elements an insurance service provider would need to increase insurance sales with card acceptance, including merchant portal to manage the insurance packages, promotions, and agents in the field, equip them with easy to use mobile payment applications and high quality card readers. This not only allows a greater number of agents to accept digital payments, but also improves the buying experience for their customers – by making the transaction easier, safer and more efficient.
Starting with 2015, Romanian financial legislation requires a new limit set on cash transactions aiming to increase transparency, to enhance control over cash transactions and to stirring usage of electronic payments, encouraging consumers to use electronic methods of payment.
Allianz-Tiriac is one of the leading insurers on the Romanian market with over 2,800 insurance agents across the country.