back Back

Mastercard & MDP partner to introduce carbon calculator in Egypt

By Delisha Fernandes

December 28, 2023

  • B2B Payments
  • Carbon Calculator
  • Carbon Footprint Tracker
Share

Mastercard, One GlobalMastercard has partnered with MDP, a financial services provider in Egypt, to launch the first Carbon Calculator in Egypt.

The Carbon Calculator is a response to the growing consumer demand for environmentally responsible choices. This tool aims to raise awareness and facilitate sustainable purchasing decisions.

“In line with MDP’s commitment to reducing carbon emissions, we are delighted to collaborate with Mastercard to introduce the Carbon Calculator in Egypt. This will be a significant step in leveraging MDP’s network to promote responsible practices & a sustainable future. As our customers respond to increased consumer desire to make more eco-friendly choices, we are making a firm commitment to reducing our environmental footprint. Every single transaction we can make towards a greener world, matters,” said Ahmed Nafie, CEO at MDP.

Powered by the independently verified Doconomy Åland Index, The Mastercard Carbon Calculator provides users with their estimated carbon emissions to help drive more informed purchasing decisions and can be enhanced with relatable and easy-to-understand comparisons, such as the number of trees required to absorb a relative amount of CO2, and tips about living more sustainably.

The launch of the Carbon Calculator aligns with Egypt’s Sustainable Development Strategy – Vision 2030, to reach a higher standard of sustainable economic development and increase quality-of-life by encouraging individuals and businesses to act towards a more sustainable society.

“This partnership is a significant milestone in Mastercard’s efforts to drive positive change among consumers and raise awareness about the impact of purchasing behaviour on our planet. Reinforcing our dedication to building a more sustainable future, the Carbon Calculator seeks to inspire individuals to take action to protect our climate and environment,” said Inji Borai, Country Manager, Egypt, Mastercard.

Mastercard has committed to achieving net-zero emissions by 2040. The technology company has developed a directory of sustainable materials and vendors for card products to help educate banks, connect them to card manufacturers and embed sustainability at the core of its supply chain.

Previous Article

December 28, 2023

REPAY partners with Green Dot to expand cash bill pay innovations

Read More
Next Article

December 28, 2023

Centi closes seed round to expand blockchain-based micropayments

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

B2B Payments

SMEs leverage cloud to gain competitive edge, 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 23, 2024

4 BNPL platforms providing financial freedom to consumers in MENA

Read More

July 23, 2024

Paytm & Axis Bank to offer POS solutions to merchants

Read More

July 23, 2024

Klarna integrates Sofort payment service with Klarna Payments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
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!
close-link
Get your copy now! IBSi Sales League Table 2024