back Back

YAYZY rolls out new iOS app to track carbon emissions of spendings

By Megha Bhattacharya

December 24, 2020

  • London
  • Yayzy
Share

London-based FinTech YAYZY has launched an app to help users to off-set carbon emissions using open banking-enabled payments data. The FinTech, established in 2019, aims to offer users the ability to know the carbon footprint of their spends by showing them the emissions of each purchase in real-time. Users can immediately connect their spending to the environmental impact they will leave behind on the planet.

Mankaran Ahluwalia, co-founder and CEO of YAYZY said, “COVID lockdown gave us a rare glimpse of what a low carbon future could look like as NASA satellite images revealed massive drops in carbon pollution and beautiful clear skies. While emissions have gradually risen as lockdown eases, YAYZY wants to put us all in the driver’s seat to control our own environmental impact and collectively work together in a journey to keep carbon emissions below the 2-degree target.”

YAYZY stated that the new iOS app uses payment data via Open Banking standards to automatically calculate the carbon footprint of each purchase a user makes, giving them a picture of their total monthly carbon emissions. Users can also find tips to reduce their carbon footprint, eco-friendly retailers near them or insights into lifestyle choices that have the highest environmental impact.

The FinTech is using Vital Metrics, as used by Google, Microsoft and both the U.K. and U.S. governments, among others for its underlying carbon data.

Previous Article

December 24, 2020

MTR partners with AlipayHK to launch QR Code payment service in Hong Kong

Read More
Next Article

December 24, 2020

Mumbai FinTech TaxBuddy.com secures $1mn from Zenith Global

Read More













IBSi Daily News Analysis

Embedded Finance

September 29, 2023

London

Banking is becoming byte-sized with rise of Embedded Finance, Temenos 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

September 29, 2023

Flutterwave & Capgemini to launch engineering mobility program in India

Read More

September 29, 2023

7 FinTech tweets you should see!

Read More

September 29, 2023

Razorpay & Visa to facilitate mutual fund investments via Debit Cards

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q2 2023

£1,500.00 / year

Know More
Testing & QA for NextGen Bank Tech Q3 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q2 2023

£1,500.00 / year

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 2023