Fils, the UAE-based digital infrastructure provider enabling companies to embed sustainability and climate action into their business models, has expanded to Pakistan via a new strategic partnership with TPS, a digital banking and payments solution provider.
As climate change concerns grow, TPS and Fils have joined forces, in a move to enable businesses to embed sustainability throughout their operations. This strategic collaboration hopes to empower TPS’s extensive network of card issuer clientele and merchant acquirers worldwide enabling them to embrace sustainable business practices through Fils’ payments platform.
TPS’s partners will also be able to accurately track their environmental impact, embed carbon intelligence for their end consumers and cardholders, mitigate their emissions with high-quality carbon credits, and transparently report their progress.
Nameer Khan, CEO of Fils
Nameer Khan, CEO of Fils, commented: “Today’s exciting partnership with TPS will make a real impact in dealing with climate change, providing access to high-quality carbon credits via our robust, comprehensive and transparent infrastructure. Our technology-first approach to sustainable action enables SMEs, large corporations and other organisations to seamlessly embed sustainability throughout their global operations.”
The partnership also signals Fils’ expansion into Pakistan, bringing its sustainability infrastructure to banks and financial institutions across the country.
Tracking emissions and tackling greenwashing
Fils also explained that its infrastructure employs blockchain technology to accurately track emissions and carbon credits – a technique that hopes to help eradicate greenwashing. This approach prevents the duplication of credits and ensures clear transparency.
Fils integrates blockchain throughout its full-stack infrastructure for corporate climate action, enhancing both accountability and trust, propelling organisations towards their net-zero emissions targets.
Shahzad Shahid, CEO at TPS
Shahzad Shahid, CEO at TPS, also said: “As a leader in the digital payments industry, we recognise the importance of integrating climate action into our operations and infrastructure.
“Our collaboration with Fils underscores our commitment to providing a comprehensive suite of digital banking and payments technology, enabling our partners to seamlessly embed sustainability throughout their operations.”
Fils’s current roster of partners includes Mashreq Bank, Telr, Geidea, Aion and e& Enterprise. This expansion and collaboration demonstrates Fils’s dedication to integrating ESG principles into the global financial services industry, further cementing its status as a trailblazer in the space.
Additionally, Fils’s groundbreaking approach to climate-positive transactions has garnered recognition, being listed as one of the top climate tech companies to watch in the Middle East by the likes of PwC and Arabian Gulf Business Insight.
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