back Back

PayU India joins Footprint Lab to foster carbon neutrality in the FinTech Industry

By Gloria Mathias

September 07, 2023

  • Australia GreenTech
  • BNPL
  • Central America
Share

PayU, Online Payments, e-commerce, Financial Inclusion, PCI Compliance, Risk Management, Transaction Risk, Central America, Australia GreenTech, Footprint Lab, PayU, India’s online payment solutions provider has collaborated with Australian cleanTech startup Footprint Lab. This partnership will enable customers to directly contribute to a more sustainable future while making everyday online transactions.

As a part of PayU’s checkout experience, users will now be presented with the option to make a one-step carbon offset.

Vineet Sethi, SVP – Diversified Financial Services at PayU India said, “Climate and other ESG impacts are driven by our consumption behaviour, yet we often lack guidance to inform our purchase decisions on easy ways to take climate action. By integrating ESG data into everyday financial transactions, we are focused on addressing these gaps and streamlining the process.”

“This reflects our commitment to sustainability and responsible financial practices. It also aligns with the Indian government’s vision to foster a responsible financial ecosystem focused on inclusivity and sustainability, “ added Sethi.

“FinTechs like PayU are ideally placed to become GreenTechs since they have extraordinary insights into consumption patterns. When that data is enriched with ESG information, it becomes easy to calculate carbon footprints and contribute to the burgeoning carbon offset market in India,” Janet Salem, Co-Founder – FootprintLab added.

PayU is regulated by the Reserve Bank of India and has advanced solutions to meet the digital payment needs of the Indian market. PayU India aims to create a full-stack digital financial services platform to serve all (tapped and untapped) financial needs of customers (merchants, banks, and consumers) through technology.

It enables businesses to collect digital payments through online payment methods such as credit cards, debit cards, net banking, EMIs, BNPL, QR, UPI, wallets, and more. It is a preferred partner in the affordability ecosystem, offering the maximum coverage of issuers and easy-to-implement integrations across card-based EMIs, pay-later options and new-age cardless EMIs. PayU offers merchants industry success while ensuring a seamless checkout experience.

Previous Article

September 07, 2023

LHV Bank rolls out upgraded SME Lending system

Read More
Next Article

September 07, 2023

Bluevine expands FDIC insurance coverage for business banking customers

Read More






IBSi Daily News Analysis

Data privacy

July 16, 2024

Australia GreenTech

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

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

Today

TISA goes live with Oracle’s core banking system, Flexcube 14.7

Read More

Today

Visa & Temenos to offer money transfer solutions to European banks

Read More

Today

Pelago taps Primer to deliver innovative travel payment solutions

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