Thanks to the advancement of technology and financial solutions developed by Fintechs, companies in the energy sector can be more competitive and expand their market reach. Due to the rise of cryptocurrencies and digital money, one of the financial tools most used by companies is the digital wallet or wallet. In this post, we will examine how companies in the energy industry can benefit from Pilsenga’s wallet feature.
Improve customer experience
Companies in the energy sector that use Pilsenga’s wallet feature have the opportunity to increase their competitiveness in the industry, as they may have the ability to serve the growing number of customers who prefer to use cryptocurrencies or digital money, which improves the user experience, as they allow the payment process to be faster, more pleasant and effortless.
Immediate data access
Through Pilsenga’s wallet function, energy sector companies can immediately and easily access up-to-date customer data every time. By accessing this type of information, companies in the energy sector can make better decisions and establish new business strategies.
Cost reduction and operational efficiency
Wallets enable efficient and fast financial transactions; this means that companies in the energy sector can make payments to suppliers, customers, and partners quickly and cheaply, avoiding delays and operational costs associated with traditional payment methods (e.g., bank transfers), which is advantageous for companies in the sector that operate internationally and need to make frequent cross-border transactions.
Thanks to blockchain technology (which is characterized by its transparency, decentralization, and efficiency), digital wallets can improve the operational efficiency of the organization since, in addition to reducing the costs associated with different traditional financial systems, it is also possible to integrate them with business management systems and automate payment processes. All this significantly reduces the administrative burden and the risk of human error, which improves operational efficiency and reduces the costs associated with financial management.
High-security level
When it comes to financial services, many energy companies value their platform security, as this minimizes the possibility of losses, theft, failures, and delays in their operations or transactions. At this point, we must highlight that Pilsenga’s wallet function offers a high level of security to its users since its platform has different security measures: identity verification, integration of security controls, custody of multiple assets, and transaction approval, among others.
It is important to note that Pilsenga also complies with different financial industry standards. Among the most important standards and organizations are:
- Anti-money laundering regulations
- Prudential requirements standard
- Lithuania Financial Crime Investigation Unit
- EBA guideline standards on Internet payment security
- Financial Conduct Authority
All these entities and standards allow Pilsenga’s platform to have different security and quality standards, which is advantageous for both energy sector companies and users in general.
Tailor-made wallet
Companies in the energy sector can use wallets to safeguard and store their digital assets (e-money and cryptocurrencies) and even make transactions, receive payments, and even purchase products and services from anywhere in the world. However, it is necessary to tailor the solution to the company’s size and sector. At this point, we must highlight that Pilsenga specializes in medium-sized companies, especially those in the energy sector, which allows Pilsenga to offer solutions tailored to the specific needs of the energy sector.
What do you think about this topic? Would you like to learn more about our wallet services?
If you are interested in Pilsenga’s products or services (including wallets for companies), you can visit our website and register on our platform by visiting the following link.
