A smarter payment ecosystem for insurance providers
- Versatile payment solutions catered to a diverse range of insurance products
- Enhance customer experience and increase conversion rates
- Allow your customers to pay the way they prefer
Enable seamless, flexible payment solutions
The insurance industry is undergoing a significant digital transformation, driven by evolving customer expectations, regulatory changes, and advancements in financial technology. Our intuitive payment solution helps you future-proof your business while improving conversion rates.
Streamline operations and drive
growth
Recurring billing and Direct Debit
Classic for longer term payments where consumers want to break payments into smaller chunks.Recurring payments are ideal for long-term insurance plans such as annual home or health insurance policies. Support automated and variable payments schedules via pre-authorised recurring card payment, Direct Debits or open banking pay-ins to reduce manual intervention and improve customer retention.
One-off payments through open banking
Universally applicable for insurance, open banking is useful for one-off payments for both smaller value short-term policies like travel or event insurance, and bigger ticket purchases like car and home coverage. It offers instant authentication, and improves onboarding with real-time access to secure financial data, enabling better risk assessments and fewer drop-offs.
Buy Now, Pay Later (BNPL)
BNPL is a practical alternative to traditional credit agreements. Allow your customers to spread the cost of annual plans into manageable instalments without losing the benefit of comprehensive coverage upfront. Boost affordability, while making higher-ticket insurance plans more accessible.
Digital wallets
A fully flexible option that can easily be converted into a recurring payment. Customers want simple, seamless, secure payment options, and digital wallets provide just that, encouraging repeat custom, even on occasional purchases. With Click to Pay, Apple Pay, Google Pay, and PayPal available across Europe, Asia, LATAM, North America, Oceania, the Middle East, and Africa, we offer global integration, wherever your customers are.
Discover documentation of our cutting-edge solutions
How our clients use
Ecommpay solutions
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Simplifying wearable payments tech
Ecommpay seamlessly scaled to meet the 30% increase in demand without any change to the customer experience.
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Payments that support the Swytch to more sustainable transportation
With a mission to make electric transport accessible to everyone, Swytch needed a payments partner that could support the business’s rapid evolution.