back Back

Magnati partners with FinTech Fils to promote green payments

By Gloria Methri

December 07, 2023

  • Carbon Calculator
  • carbon emissions
  • Carbon Footprint Tracker

Magnati, Fils, FinTech news, Fintech Abu Dhabi, Sustainable Finance, Green Payments, Payment Solutions Provider, Carbon Emissions, Sustainability, Digital Finance, Carbon Neutral, Climate-Neutral Payment Services, UAE, Middle East, MENA Magnati, a payments solutions provider in the Middle East region, is accelerating its sustainability efforts through a strategic collaboration with FinTech platform Fils.

Through this partnership, Magnati aims to provide its merchants with actionable environmental insights and promote green payments. Merchants will gain access to a suite of emissions calculator solutions and offset mechanisms, made possible through the collaborative efforts of Fils.

This initiative aligns with the ambitious ‘Net Zero by 2050′ strategy, coinciding with COP28, and underscores Magnati and Fils’ shared commitment to a sustainable future. By integrating environmental considerations with digital finance, Magnati is taking concrete steps to contribute to a more sustainable and resilient world.

Ramana Kumar, CEO of Magnati, said, “As a prominent payments and technology company based in the UAE, Magnati recognises its responsibility in contributing to a sustainable planet through climate change finance. We are thrilled to announce our strategic partnership with Fils as we embark on a journey to identify and implement solutions that would contribute to net-zero ambitions. This collaboration underscores our commitment to providing climate-neutral payment services and reinforces Magnati’s commitment to sustainability.”

Nameer Khan, CEO of Fils, added, “We are at a turning point in how finance can contribute to a sustainable world. Our collaboration with Magnati is more than just a partnership; it is a leap towards a future where every financial service has a positive environmental impact.”

Customers of Magnati’s ‘Payment as a Platform’ will have access to a variety of emissions calculator solutions and offset mechanisms, thanks to the seamless integration of Fils’ comprehensive platform. This initiative empowers businesses of all sizes in the UAE and the region to build products and embed customer journeys that promote transparent carbon calculations and offer opportunities to counterbalance their carbon footprint using reputable methods.

Previous Article

December 07, 2023

LHV Bank launches personal savings products on Flagstone

Read More
Next Article

December 07, 2023

emerchantpay partners with Rubean AG to launch SoftPOS solution 

Read More

IBSi Daily News Analysis

UK, Bank

July 12, 2024

Carbon Calculator

Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 12, 2024

Nuvei and Mastercard team to enable crypto to fiat conversion

Read More

July 12, 2024

Fair4All Finance and ClearScore partner on debt consolidation technology

Read More

July 12, 2024

FinTech Focus: Catch latest developments of the week

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024