Open banking, originally developed to increase competition and innovation in financial services, holds significant appeal for the energy sector due to its potential to drive efficiencies, enhance customer experiences, and innovative payment and data-sharing solutions that benefit both providers and consumers.

Our instant payment and installment plan products enable energy companies to offer seamless, real-time payment options for utility bills, reducing transaction costs and improving cash flow. It also supports dynamic pricing models, allowing customers to make informed decisions based on energy usage patterns and financial data. 

Payment flows can be automated reducing the risk of non payment, and energy companies can configure the payment platform to service arrears customers, incentivising them to either pay earlier or over time. This reduces the risk of default and the resources required in chasing for non payment.

Furthermore, our payment platform facilitates personalised services. For the energy transition, it supports decentralized systems like peer-to-peer energy trading and microgeneration payments by automating transactions securely. By integrating financial and energy data, fumopay empowers providers to innovate while enhancing transparency, efficiency, and customer satisfaction