LIC has appointed Paytm to facilitate digital payments. After tie-up with another payment gateway earlier, the insurance giant has sought a fresh contract as most of its payments shift to digital modes. The new contract requires a smoother payment process, wider variety of payment options and adding more players (banks, wallets, etc) in payment channels.
According to sources, there were 17 payments platforms that had bid aggressively. Paytm’s ability to straddle multiple payment service ..
