ING Vysya Bank (ING) has signed a memorandum of understanding with the state-owned Oriental Insurance Corporation (OIC) for offering ePayment services through all its branches across India.
Oriental Insurance has selected ING Vysya Bank’s payment platform ING P@y, after the general insurer initiated e-payments as a mode of payment to its customers, ING said in a statement.
ING Vysya Bank had earlier this month signed a similar MoU with the state-owned Life Insurance Corporation of India.