Case Study

International Insurance Company and its payment & x-pay solution

An international insurance company based in Germany decided to introduce payment and x-pay solution including e-Commerce as part of an overall strategy to improve customer experience & more.

At A Glance

€1 Million Saved – delivered project under budget
2.8% increase in revenue growth

The Story

The payment and x-pay solution for an insurance company involves integrating various payment methods for policyholders to pay their premiums and manage their accounts. This includes credit/debit card payments, e-wallets, bank transfers, and recurring payment options. An x-pay solution refers to a payment gateway that facilitates secure online transactions, ensuring that sensitive information like card details are protected.

LKPU took care of: Development of a mobile and payment solution including e-Commerce for an international insurance company, based in Germany. IT-development of backend and frontend solution for Apple and Google pay in cooperation with a banking partner. Innovative solution as a global product and delivering market go-live in two markets, one prepaid and one credit card product – including cyber risk coverage, services and loyalty functions. Handover to internal project lead.

How We've Helped Clients

P2P Solution introduced by a scheme provider to the Swiss market As an alternative to the dominant offer from twint

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Supporting the country manager of Switzerland & Liechtenstein to shape the strategy including associated initiatives