Thai Consumers To Pay Insurance Premiums With Mobile Phones

Published May 28, 2008, 1:00 a.m. EDT

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Updated May 28, 2008, 12:00 a.m. EDT

1 Min Read

A partnership between Citigroup Inc., Prudential Financial Inc. and Thailand telecommunications company mPay will enable customers to make insurance-premium payments with mobile phones, the companies have announced. Prudential policyholders can make payments at any time and will receive a text message to confirm the receipt and verify the transaction, a statement says. The service, called M-Collect is free, the statement says. Citi did not offer other details about the service to CardLine Global.

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