Insurance companies such as Life Insurance Corporation (LIC) and Max New York Life are introducing e-Payment system for its customers in order to make payments easier.
Our ultimate aim in all these initiatives is to connect with the mobile user because mobile telephony will continue to grow at a faster rate, as we have witnessed in the recent past.
The World Bank has given a green signal to the Project Preparation Facility Advance for the e-Bharat Project of the Government of India under the National e-Governance Plan (NeGP). World Bank is willing to consider a loan of US$ 300 million under the first phase of funding for e-Bharat project.
The Ministry of Transport, Egypt has launched a online ticket booking service in collaboration with the Ministry of State for Administrative Development. The IT Department will maintain the service at the Egyptian National Railways Authority and the National Commercial Bank.
The Life Insurance Corporation has decided to operationalise a system within two years that will allow policy holders to claim benefits and pay premium at any of its over 2,100 branches.
A solution has been developed for financial inclusion by Finacle (banking product arm of software major Infosys Technologies) which will expand its scope and business possibilities.
