PRN: MoneyOnMobile Rolls Out First-of-its-kind Personal Accident Insurance Cover for Customers

05/feb/2016 05:30:39 PR Newswire Turismo Contatta l'autore

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MoneyOnMobile Rolls Out First-of-its-kind Personal Accident Insurance Cover for Customers


MUMBAI, India, February 5, 2016 /PRNewswire/ --

Currently for MoneyOnMobile customers, scheme soon to be launched for consumers of MOM Wallet also!  

My Mobile Payments Ltd (MMPL), one of India's leading mobile payment solutions companies that owns the MoneyOnMobile and MOM Wallet brands, has rolled out a first of its kind scheme that provides group accidental insurance cover for all users of its services.  

To view the Multimedia News Release, please click:

This cover is available for customers who use the Money Transfer service using the company's assisted model i.e. transaction executed of MMPL's 275,000 retail touch-points across the country. For all such customers, MoneyOnMobile has rolled out a Group Personal Accident insurance of up to Rs. 1 lakh for minimum one transaction per month. The cover gets activated as soon as the Money Transfer is activated automatically and is valid for one month, making it simple and convenient for the customer. Now, a MoneyOnMobile customer not only uses its services to send money to near and dear ones, but earns the additional safety net of an accidental insurance cover. The company plans to roll out this offer to individual consumer wallet customers of its MOM Wallet shortly.

"This insurance cover is not only a unique offering, but also a key aspect of CARE, one of the core philosophies of our brands. We believe that a Group Accidental cover is a tangible benefit for all customers who use our services," says Shashank Joshi, Managing Director, My Mobile Payments Ltd. "In the longer term, this value-add will give us an edge over our competition and build brand loyalty and preference for MoneyOnMobile."

About My Mobile Payments Ltd  

My Mobile Payments Limited (MMPL) is one of India's leading mobile payment solutions companies, operating through its MoneyOnMobile and MOM wallet brand, a service aimed at bringing quick, simple and efficient mobile payment solutions to everyone. Using the MOM Wallet, consumers can make any kind of payments towards purchase of goods, top-ups, payment of utility bills, DTH recharges and more, just with the click of a button.

Through MoneyOnMobile, customers can avail of the services through any of the 2,75,000-strong retail network of MMPL. MOM Wallet is India's largest mobile payment platform that places the second mobile revolution of the country into the consumer's hands. MOM provides doorstep services and mobile app services aimed at bringing the ability to make hassle-free payments to every person on the street.

My Mobile Payments Ltd is a recipient of several prestigious national and international awards and recognition. This includes being in the "Top 100 Red Herring Global" list in 2015 and "Red Herring Top 100 Asia" lists for two years in a row (2014 and 2015), and also winner of the Emerging Payments "Best Wallet of the Year" award in 2014 and 2015.  

For any more queries, please contact:  

Vipul Bondal, Veriitte Consulting

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