UAE technology major e& enterprise announced a strategic partnership with fintech platform Fils to launch a new standard in the digital payments sector by promoting sustainability.
Through this collaboration, e& enterprise will integrate Fils’s innovative platform into its digital payment platform and ecosystem through a unified Application Programming Interface (API).
This will allow businesses in the UAE to provide their customers with precise information on carbon emissions per transaction, as well as the option to offset their carbon footprint using reliable methods.
The new partnership will also offer a variety of emissions calculators and offsetting mechanisms, driving UAE businesses towards transparent carbon calculations and offsetting choices based on transactions, the company said in a media statement.
Alberto Araque, CEO of e& enterprise IoT & AI, said the collaboration with Fils is more than a partnership as it represents a pivotal shift in the companies’ operating ethos.
“We are embarking on a journey that goes beyond enhancing our digital payments platform to fundamentally reshape the way businesses and consumers engage with digital commerce, prioritising environmental responsibility at every step,” he said.
Nameer Khan, CEO and Founder of Fils, said by joining forces with e& enterprise, the platform will be setting a precedent for integrating sustainability into financial transactions, enabling businesses and consumers to make a tangible impact on the environment.
The initiative also aligns with the COP28 environmental mission and demonstrates e& enterprise’s commitment to promoting green business models.
This collaboration aims to create new revenue streams while balancing profitability and sustainable practices, benefiting the entire financial ecosystem and the community.
Source: Arabian Business
