ERGO Hestia pilots instant premium refunds to insurance customers via Billon DLT
Summary
Billon Group joins forces with ERGO Hestia, the second largest insurance company in Poland, in an innovative new implementation of regulated electronic money. The companies are piloting a solution for delivering instant refunds of premium overpayments to the insurer’s clients using Billon’s distributed ledger technology. “When it comes to receiving premium refunds, our customers value security, speed and simplicity,” said ERGO Hestia’s Oskar Jedynasty, head of automation division, IT department. Billon is pioneering payments by tokenized currency in other business sectors, like fast moving consumer goods (FMCG), telecommunications and food delivery. Billon’s growing client list includes leading companies such as FIS, Raiffeisen Bank International and BIK (the Polish credit reporting agency).
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