ING Vysya Bank, Oriental Insurance pact for e-payment service

ING Vysya Bank has signed a memorandum of understanding with the state-owned Oriental Insurance Corporation (OIC) for offering ePayments services through all its branches across India. 

Oriental Insurance has selected ING Vysya Bank's payment platform ING P@y, after the general insurer initiated e-payments as a mode of payment to its customers, said a press release from the bank. ING Vysya Bank had earlier this month signed a similar MoU with state-owned Life Insurance Corporation of India.