Dubai: e& enterprise partners with Fils to introduce carbon offsets

e& enterprise has entered a strategic partnership with fintech platform Fils to set up a new standard in digital payments focused on sustainability.

Through this collaboration, e& enterprise will integrate Fils’s platform into its digital payment platform and ecosystem through a unified application programming interface.

This will allow businesses in the UAE to provide their customers with clear and precise information on carbon emissions per transaction, as well as the option to offset their carbon footprint using reliable methods.

The collaboration will also offer a variety of emissions calculators and offsetting mechanisms, driving UAE businesses towards transparent carbon calculations and offsetting choices based on transactions.

Alberto Araque, CEO of e& enterprise IoT & AI, said: “Our collaboration with Fils is more than a partnership, it represents a pivotal shift in our operating ethos.

“We are embarking on a journey that goes beyond enhancing our digital payments platform to fundamentally reshape the way businesses and consumers engage with digital commerce, prioritising environmental responsibility at every step.”

Read: UAE’s e& secures Dhs366m loan for green projects

e& aims to promote green business models

This initiative reflects e& enterprise’s commitment to promoting green business models. It aims to create new revenue streams while balancing profitability and sustainable practices.

It will support financial services, hospitality and e-commerce by integrating sustainability into their core operations.

Nameer Khan, CEO and founder of Fils, said: “By joining forces with e& enterprise, we are setting a precedent for integrating sustainability into financial transactions, enabling businesses and consumers to make a tangible impact on the environment. It also marks an important shift in the business world, where the pursuit of profit and environmental management are no longer mutually exclusive, but inseparably linked.

“Together, our combined technologies will enable businesses to strengthen their environmental commitment and enhance their brand reputation, while providing consumers with a valuable tool to track and offset their carbon emissions. This initiative is expected to catalyse a shift towards more sustainable consumption patterns.”