Phi Commerce to manage payment solutions for Reliance Nippon Life Insurance

Omnichannel payment solution provider Phi Commerce will manage payment solutions for Reliance Nippon Life Insurance Company (RNLICL) for streamlining the insurer’s payment processes, including premium collections, a company statement said. The arrangement will seek to integrate multiple payment platforms across online, point of sale, and doorstep using Phi Commerce’s omni-channel solutions. “Our insurance-centric product will help insurance companies address their key challenges in terms of customer satisfaction and cost of payments,” said Tushar Shankar, Co-founder & Head – Global Sales, Phi Commerce.