Source: e& enterprise

e& enterprise today announced its strategic partnership with Fils, a groundbreaking fintech platform, establishing a new standard in the digital payments sector by promoting sustainability.

This alliance signifies a milestone in e& enterprise's continuous pledge to lead the digital transformation regionally and globally, infusing environmental consciousness into every digital transaction.

Through this collaboration, e& enterprise will integrate Fils’s innovative platform into its Digital Payment Platform and ecosystem through a unified Application Programming Interface (API). 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 new partnership 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."

This initiative aligns perfectly with the COP28 environmental mission and demonstrates e& enterprise's commitment to promoting green business models. This collaboration aims to create new revenue streams while balancing profitability and sustainable practices, benefiting the entire financial ecosystem and the community.

Known for its comprehensive B2B2C offering and technological prowess, Fils fits perfectly with e& enterprise's commitment to environmental, social and corporate governance (ESG) principles. This partnership is poised to revolutionise sectors such as 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.

The e& enterprise Payments Platform, bolstered by this partnership, will be at the forefront of promoting sustainability in digital payments. 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, enriching the social and environmental landscape of the UAE.”