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Fils & TPS to embed sustainability in Pakistan’s digital banking sector

By Gloria Mathias

May 02, 2024

  • Climate sustainability
  • Digital Banking News
  • Fils
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TPS, Fils, Fintech news, Fintech Solutions, Fintech Impact, Climate sustainability, Green Fintech, Fils, the UAE-based enterprise-grade digital infrastructure provider, has expanded into Pakistan with a partnership with TPS, a digital banking and payments solution provider that powers banks, digital banks, FinTechs, payment processors, merchants, and telecoms around the world.

The collaboration aims to make a lasting impact on the international stage, embedding climate action at the core of digital financial services.

TPS and Fils have signed an alliance to enable businesses to embed sustainability throughout their operations. This strategic collaboration will empower TPS’s extensive network of card issuer clientele and merchant acquirers worldwide, enabling them to embrace sustainable business practices through Fils’ enterprise-grade payments platform.

TPS’s partners will gain the ability to track their environmental impact accurately, embed carbon intelligence for their end consumer/cardholder, mitigate their emissions with high-quality carbon credits, and transparently report their progress. By joining forces with Fils, TPS is cementing its commitment to boosting the sustainability of digital banking and payments technology the world over.

The landmark partnership with TPS signals Fils’ expansion into Pakistan, where it will provide its sustainability infrastructure to banks and financial institutions across the country.

Nameer Khan, CEO of Fils, said, “Today’s exciting partnership with TPS will make a real impact on climate change, providing access to high-quality carbon credits via our robust, comprehensive, and transparent infrastructure. Our technology-first approach to sustainable action enables SMEs, large corporations, and other organisations to seamlessly embed sustainability throughout their global operations.”

To eradicate greenwashing, Fils’ infrastructure employs blockchain technology to track emissions and carbon credits accurately. This approach prevents the duplication of credits and ensures clear transparency. Fils integrates blockchain throughout its full-stack infrastructure for corporate climate action, enhancing both accountability and trust and propelling organisations towards their net-zero emissions targets.

Shahzad Shahid, CEO at TPS, stated: “As a leader in the digital payments industry, we recognise the importance of integrating climate action into our operations and infrastructure. Our collaboration with Fils underscores our commitment to providing a comprehensive suite of digital banking and payments technology, enabling our partners to seamlessly embed sustainability throughout their operations.”

 

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