Introducing smart meters also in many cases means moving to debiting the actual consumption instead of an average estimate.
In many regions with high seasonal variations in the consumption pattern this can be inconvenient for the consumers and cause problems in the collection processes. To create a higher customer loyalty and satisfaction we have introduced a budget payment solution. This product holds many similarities to Prepaid where the customer pays a flat fee into an account that fluctuates up and down dependent on the consumption.
The Budget Payment product can give you:
- Facilitated payment process for the customers
- Increased customer loyalty in competitive markets
- Financial service that can add new revenues to low margin retail business
- Segmented credit categories
- A solution to manage installment payments
- Deposit account with interest