AMAZON PAYMENT SERVICES PARTNERS WITH ZURICH INTERNATIONAL LIFE LIMITED TO LAUNCH DIGITAL PAYMENTS FOR CUSTOMERS IN THE MIDDLE EAST
Zurich customers can now pay insurance premiums digitally across all of Zurich’s products in local currencies.
The new service has been available to customers in the UAE, Qatar and Bahrain since January 2021.
Amazon Payment Services (APS), a payment processing services provider in the Middle East and North Africa (MENA) region with a mission to empower businesses with simple, affordable, and trusted online payment experiences, has partnered with Zurich International Life Limited (Zurich) to offer digital payments for its customers in the Middle East on Zurich’s digital customer onboarding platform ZurichPro.
Zurich International Life Limited (a part of Zurich Insurance Group) is a leading 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.
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.”
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 the highest levels of customer data security.
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.”
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.
Amazon Payment Services is a payment service provider (PSP) that operates across the Middle East and North Africa (MENA) region with a mission to empower online businesses with a simple, affordable, and trusted payment experience. Designed to enable businesses to unlock their online presence, Amazon Payment Services provides a secure online payment gateway that is easy and safe to-to use. For more information on Amazon Payment Services, please visit paymentservices.amazon.com and follow us on Twitter, Facebook and LinkedIn.
About Zurich Insurance Group
Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. With about 55,000 employees, it provides a wide range of property and casualty, and life insurance products and services in more than 215 countries and territories. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information about Zurich is available at https://www.zurich.com/en
About Zurich International Life Limited
Zurich International Life Limited is a part of Zurich Insurance Group and established in the Isle of Man which is licensed by the Isle of Man Financial Services Authority with established and registered branches in the UAE licensed by the Central Bank of the UAE, Bahrain licensed by the Central Bank of Bahrain, and the Qatar Financial Centre authorised by the Qatar Financial Centre Regulatory Authority. In the UAE it is registered (Registration No. 63) under UAE Federal Law Number 6 of 2007, and its activities in the UAE are governed by such law.