Financial services cover various activities such as banking, asset management, loans, and payment systems, among others. Its main objective is to facilitate the management, transfer, and protection of money for different companies, organizations, and individuals.

Although financial services are necessary to help companies be more efficient in their commercial operations, there are some myths caused by a lack of knowledge on the subject. Next, we will learn about the most common myths about financial services for companies.

High cost

Some people think that financial services are expensive and that they represent an unnecessary expense for the companies that hire them. However, the truth is that, through these services, companies can optimize their financial operations, which translates into saving time and money, in addition to increasing the financial efficiency of the entire organization.

Only for large companies

Many people and companies believe that financial services have been designed to be used exclusively by large companies. However, the truth is that many of these services offer financial solutions for companies of different sizes: small, medium, and large. Financial services have the ability to adapt to the needs of each environment, allowing companies to manage their financial resources efficiently to operate and grow, regardless of their size.

Platform with few security measures

Some people think that financial services increase the risk of suffering some type of loss, whether of assets or financial resources in general. This fear is generally based on the level of security of the provider’s online platform. However, most companies that provide financial services have different security measures within their platform. An example of this is the Pilsenga platform, which has different security measures such as multiple asset custody, transaction approval, two-factor verification, identity verification platform, and integration of security controls, among others.

Five myths about business financial services

Hidden fees and commissions

Some people think that most financial services have hidden fees or commissions. Although there are several providers in the market that hide their rates, we must take into account that all “legal and regulated” entities have an obligation to publicly display the fees and commissions they charge, which demonstrates a certain level of transparency and trust on the part of the company, in addition to allowing them to be more competitive, since the client can compare the rates with other entities and choose the option that best suits their needs.

Services limited to certain regions

Many people and companies think that financial services can only be used by companies that operate in certain regions or countries, in addition to being limited in the expansion of their market across international borders. However, the truth is that these services have been designed to offer a variety of financial solutions, especially those that help companies reach new territories and expand at a global level. An example of this is the multi-currency IBAN accounts, which allow businesses to send and receive payments globally and in multiple currencies.

What do you think about this topic? Do you want to know more about financial services for Pilsenga companies?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.


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