Geidea and Fils team to drive sustainability in digital payments

By Delisha Fernandes

Geidea, a FinTech company, has announced its strategic partnership with Fils to empower businesses of all sizes to embed climate positivity into transactions using their API.

This collaboration not only underlines Geidea’s commitment to reshaping the digital payments landscape but also signifies a pioneering step towards a sustainable future, aligning seamlessly with Fils’ mission to transform industries, including banking, travel, eCommerce, and fintech, towards environmental consciousness and carbon neutrality.

Sailesh Malhotra, General Manager – GCC stated, “At Geidea, we are thrilled to continue leveraging our technology to contribute to impactful and tangible solutions. This partnership with Fils aligns with our mission to go beyond conventional payment services, introducing a new era where sustainability is integrated into the fabric of digital transactions.”

In this innovative partnership, Geidea and Fils are set to embed sustainability into every aspect of their activities. Merchants will now be able to empower customers by providing estimates of carbon emissions for specific transactions using Geidea’s payment gateways. Whether it’s flights, rides, products, or shipping, customers can gain valuable insights into the carbon intensity of their actions. This not only fosters a culture of sustainability but also enables informed decision-making.

After being given an estimate of their carbon footprint, the collaboration with Fils allows customers to seamlessly contribute to trusted carbon credit projects directly from any product interface. This streamlined process empowers users to actively support a greener future and reduce their carbon footprint effortlessly with every transaction.

Nameer Khan, founder and CEO of Fils, stated, “Our collaboration with Geidea is a significant step in Fils’ journey towards leading sustainable innovation in the global fintech landscape. Starting from UAE, this partnership will extend regionally, reinforcing our commitment to ESG values across key regions. Working with Geidea is not just about fulfilling our environmental mission; it’s a testament to Fils’ visionary technology and dedication to making every transaction a positive force for our planet. Together, we are setting new standards in sustainable finance, demonstrating that progress and environmental stewardship can go hand in hand.”